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2024 is set to be an exciting year for the cryptocurrency market and community. Bitcoin (BTC), the ecosystem’s most valuable coin, will undergo its fourth halving event. This event, happening every four years, cuts by half the reward for mining Bitcoin transactions, along with its inflation.
But that’s not what investors are excited about. After Bitcoin’s halving event, a market-wide price surge followed, resulting in new highs. In the process, crypto investors realize huge profits. That’s the exciting part. 2024’s halving event will occur in April.
Besides Bitcoin, another cryptocurrency investors are buying ahead of this event is Retik Finance (RETIK). The DeFi sensation has recently become an investor favourite, owing to its innovative ecosystem. In this article, we’ll evaluate Bitcoin and Retik Finance to see which has the most potential for a successful year.
Bitcoin (BTC): Will the King of Crypto breach the $100K mark?
Bitcoin has come a long way since it was launched in 2009. Its value has risen from a worthless invention to an $800 billion sensation. The current price of BTC is roughly $43,800 per bitcoin. This is 36% below its all-time high price of $68,770, achieved on November 10, 2021.
Bitcoin has had a bullish 2023, appreciating more than 130%. One of the reasons behind Bitcoin’s price appreciation in 2023 has been the halving event. Another reason has been speculation about the creation of the first Bitcoin spot exchange-traded fund (ETF) in the U.S. Several asset managers have already submitted their applications to the Securities and Exchange Commission, waiting for approval. The approval of a Bitcoin spot ETF will potentially push Bitcoin’s demand and price higher.
However, even with spot ETF approval and the halving event as price catalysts, Bitcoin’s price might not skyrocket because its value is already really high. Traditionally, cryptocurrencies with a large market cap only perform moderately well, even during a bull market.
Retik Finance (RETIK): A surer investment
While Bitcoin’s growth in 2024 remains limited, Retik Finance (RETIK) emerges as a more profitable investment. Retik Finance has a significant edge over Bitcoin and most other cryptocurrencies in that it’s a new market entrant. This means its potential is untapped, and no long-term investors are looking to offload their holdings. Retik is giving everyone an equal chance to invest early in a future titan. Think Bitcoin at $0.05 in 2010.
What is Retik Finance?
Retik Finance is an Ethereum-based DeFi platform that seeks to reshape the traditional finance landscape. Specifically, Retik seeks to bridge the gap between the traditional banking sector and cryptocurrencies.
One of the platform’s standout features is its innovative DeFi Debit cards, which allow holders to spend crypto directly from their wallets. Traditionally, users have to go through a central exchange like Binance, convert their crypto into fiat currency, and then withdraw it to a bank account. However, with Retik’s DeFi debit cards, they can charge their daily expenses directly to their Web 3.0 wallet, both in crypto and fiat currency. The cards can also be used to make cash withdrawals at ATMs worldwide.
For businesses looking to adopt cryptocurrency payments, Retik presents Retik Pay—a secure, cost-effective, and flexible payment system. Retik Pay can be integrated with any e-commerce platform, allowing businesses to effortlessly expand their customer base.
Retik Finance also appeals to the DeFi-savvy with a comprehensive wallet solution. The Retik Wallet is a multichain, highly secure Web 3.0 wallet that allows users to swap, mine, short, lend, and borrow without having to jump from one application to another. The wallet is also linked to the DeFi debit cards, facilitating faster crypto-to-cash conversions.
Retik’s Presale campaign
Retik’s native token, RETIK, is currently in presale. The campaign has been a major hit, selling out over 15 million units within 72 hours of going live. This early success is a testament to the project’s potential. Market analysts predict up to 1000x profits by the end of 2024, surpassing Bitcoin’s proposed 10x.
Visit the links below for more information about Retik Finance (RETIK):
Disclaimer: This is a paid post and should not be treated as news/advice.