In our latest Learn 101 livestream session, we gathered an esteemed panel of crypto experts to share insights on whether BTC will soar to $100K by 2024.

The extreme volatility of Bitcoin and periods of strong growth throughout its history have created substantial wealth for many investors. Bitcoin breached $70,000 earlier in 2024, and many investors are eagerly awaiting price movement to $100,000.

, we ask, “Will Bitcoin Soar to $100K by 2024?”

, provides a recap of our Learn 101 livestreams, offering you comprehensive expertise and insights from leading figures in the crypto industry in case you miss the livestream.

Joining the livestream on Sep 11, 2024 were four distinguished guests:

Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores if Bitcoin’s price will reach $100K by 2024.

Bitcoin's Journey — Looking Back to Look Forward

At the start of the livestream, Michael Ionita created an automated trading order to demonstrate how easy it is. It remained running in the background until the end of the stream, when our guests reviewed the order.

Throughout the years, Bitcoin’s price has been influenced by the Jackson Hole Economic Symposium, government policy, ETF applications and other factors. Henrique Centieiro stated that short-term macroeconomics are impacted by the Federal Reserve. The economy is currently relatively shaky, and he anticipates more money will be printed. When this last took place, the stock market shot up, and Bitcoin’s price increased substantially. Centieiro attributes this to the level of increased money in circulation.

Referring to a chart that shows a correlation between lowered U.S. interest rates and Bitcoin’s price, Ionita demonstrated that increased money supply has boosted Bitcoin’s prices.

Jerry Li is bullish over the next six months. He reminded us that inflation weakens both the U.S. dollar and purchasing power, and as interest rates drop, he sees a correction in the crypto market that will positively affect Bitcoin’s price.

Centieiro stated that some people will take profits during the rate adjustment. He believes that the next month may be bearish, but there will then be a bull rush.

Ionita said that the market has been impacted by Russia’s new Bitcoin policy, asserting that this is bringing more funds into Bitcoin. However, many people in Russia are holding Bitcoin on a short-term basis because they’re making purchases with it. This makes Russia’s policy impact both bullish and bearish: Ionita maintains that other countries may act on this by prohibiting or limiting Bitcoin because of world events.

Meanwhile, Centieiro stated that the amount of money being kept on exchanges is at an all-time low, which means people are holding for a longer period of time. Bitcoin miners continue to invest in mining equipment. In addition, Michael Saylor has stated that Bitcoin’s price will reach 

Li drew attention to the fact that recently, hash power has increased dramatically, which is attributable to the entrance of more people and countries into the crypto market.

Ionita described the Bitcoin Spot ETF rally of 100%, attributing it to massive public interest. He believes BTC’s price is being heavily restricted because of this huge interest, and expects its price to rise by the end of October, based on the interest in Bitcoin Spot ETFs.

Centieiro said that there’s a lag as money managers decide whether to invest or not. Adding Bitcoin to a fund, even in small amounts, increases diversity and lower risks. He believes this is a win-win situation for money managers.

Li reminded us that Bitcoin will definitely reach $100,000 at some point, but nobody knows when. The upcoming U.S. election may drive its price up, but it could also bring greater volatility. Other catalysts may drive the price up as well.

Ionita referred to his screen again, saying that it’s hard to predict a price for something with multiple variables. However, he referred to the Fibonacci cycle for the current market, which reveals a Bitcoin price prediction between $200,000 to $300,000, adding that it’s impossible to predict the time frame. The average cycle time, however, is 1,069 days, which would extrapolate to the end of October 2025, but this time frame is fuzzy. He believes $200,000 is realistic for the cycle.

Centieiro described some price movement obstacles that have prevented Bitcoin’s price increase or slowed the time frame for BTC hitting $100,000 — the uncertainty of the U.S. election, for one. He also referred to a chart showing a lower flow in market-based mining activity. This indicates a type of magnet for the price. Centieiro also introduced a power log that shows BItcoin’s price should currently be around $90,000. He believes the current price is a pressure cooker, and the price will therefore greatly increase.

Zitane said the main risks that could stymie BTC price growth are regulatory uncertainty, economic instability and military conflicts, among others, directly affecting BTC’s price.

Ionita added that investors should get out of any risky asset in a downturn in order to prevent loss. He stressed the importance of understanding that both BTC and the U.S. dollar are preferred as investments in different situations, and showed a graph indicating that dollar-cost averaging (DCA) isn’t a wise approach for risky assets.

Li, however, stated that he uses DCA. He believes it’s a healthy strategy over a long period of time, due to his confidence that Bitcoin’s price will eventually go back up after a dip.

Centieiro agreed with Ionita that it’s not advisable to use DCA for an asset that’s going to zero. However, he doesn’t believe that Bitcoin will ever go to zero. Centieiro believes in DCA as a solid, long-term strategy to smooth out BTC market volatility.

Zitane has a simple strategy: he only uses DCA. He makes a purchase, and then buys again if the price goes down. He pays attention to the news, keeps buying when the price goes down and continues to reduce his average price.

Ionita reminded us that you can make more money with manual trading if you know what you’re doing. Most people aren’t professional traders, though, and can get wrecked in a bear market if they don’t stay on top of things. He recommends that these traders use an automated algorithm.

Smart Trading — Entering and Exiting with Confidence

Centieiro explained how he enters a trade: he buys BTC and holds it for at least a few years, looking for a relatively cheaper price as compared to previous prices. This is determined by a look at the 200-day moving average. He also looks at the Crypto Fear & Greed Index. Centieiro explained that investors must decide how long they plan to hold BTC 

 buying it. He invests a portion of his investment amount at one time, and spreads the rest of his investment out over several weeks.

Ionita, however, holds his BTC over several months. He looks at Fibonacci and other charts to invest funds in BTC and several other assets, based on risk. He maintains a specific allocation, with more allocation to the least risky assets.

This session of the Learn 101 livestream highlighted “Will Bitcoin Soar to $100K by 2024?”

As part of the livestream, Bybit is holding an 

 that offers you a chance to participate in our pop quiz and win a share of 300 USDT in airdrops. The event period is through September 18, 2024, 11:59PM UTC.

Stay tuned for more discussions on the dynamic world of cryptocurrencies!

Intermediate

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Learn Live ICYMI: Will Bitcoin Soar to $100K by 2024?

Self Chain (SLF) is a Layer 1 network that provides a cross-chain keyless wallet solution, along with modular intent-based transaction execution capabilities.

 can be tedious and frustrating, especially for beginners. At the same time, careful private key management is crucial if the user wants to avoid security breaches or the loss of access to their wallet. 

Wouldn't it be great if you could transact securely on blockchains using your social media logins while also enjoying the cryptographic protection features provided by crypto wallets? And without the need for private key or 

This is exactly what Self Chain (SLF), an innovative 

 blockchain project, offers to the crypto user community.

multi-party computation — threshold signature scheme

 (MPC-TSS), Self Chain offers keyless wallet services that let you transact across multiple chains and applications. Additionally, its solution comes with a large language model (LLM) intent-based chat assistant to find you the best deals and transaction options in the cryptocurrency world.

 (SLF) is a decentralized platform that describes itself as the first modular intent-centric access Layer 1 blockchain. 

It provides two key services: an AI-driven chat assistant that helps users carry out intent-based transactions, and a keyless wallet solution that facilitates multichain logins and transactions without the need for private key or seed phrase management. Self Chain’s Layer 1 network is based on the popular Cosmos SDK blockchain development framework. 

 (ATOM) ecosystem, Self Chain uses the delegated proof of stake (DPoS) block processing method, with validator nodes securing the network.

The project was initially called Frontier (FRONT). It began its network operations with the launch of an incentivized testnet in April 2021. In mid-2024, Frontier was rebranded to Self Chain and launched its mainnet.

Self Chain's AI chat assistant accepts voice and textual inputs from the user, and searches multiple blockchain platforms and 

 (DApps) to find the best possible deals. This service can be used in various areas, including 

 (DeFi). For instance, crypto gamers can use Self Chain’s intent-based search for the best deals on gaming 

 assets, while DeFi traders can instruct the assistant to find the best rates for specific coin swaps.

The platform's keyless wallet infrastructure service allows users to securely use email- and social media–based 

 logins to blockchain apps and platforms. This is enabled by splitting the wallet's seed phase into three parts, each stored separately — one encrypted on the user's device, the second encrypted and stored on the Self Chain network in a decentralized manner and the third reserved for wallet recovery purposes..

The platform's chat assistant is based on an LLM model that transforms user inputs into signed automated intent instructions. These instructions are passed to Intent Searchers, entities that scout the blockchain ecosystem for the best deals and most efficient paths for the intended transaction. Once the optimal source is found, Intent Searchers pass the request to intent solvers, whose job is to execute the transaction.

Blockchain DApps that aspire to become Searchers and solvers within the Self Chain ecosystem can use the Intent DSL SDK, a development framework offered by the platform. Using the SDK, DApps can integrate into the platform's architecture and translate user intent commands into executable searches and transactions.

The Self Chain keyless wallet service is powered by MPC-TSS technology, which permits splitting the user's private key, seed phrase or other secret identifier into multiple fractions, each stored independently to avoid a single point of failure. As a security technology, MPC-TSS predates blockchain, and can be applied in a chain-agnostic manner.

In Self Chain's implementation of MPC-TSS, there are three seed phrase fractions, with the two main ones — the Personal Share and the Remote Share — held on the user's device and the blockchain, respectively. When an operation is carried out, the Personal Share is matched against the Remote Share to facilitate the transaction. A network of MPC nodes encrypts the Remote Share in a distributed fashion to further enhance the security of operations.

The third fraction — the Recovery Share — is used solely to restore access to the user's device or add a new device.

Thanks to this chain-agnostic keyless system, users can retain the self-custody of their wallets, enjoy the security of the blockchain's cryptographic protection and use keyless logins on a myriad of platforms.

Self Chain lets users enjoy multichain account abstraction (AA), whereby wallets can carry out complex operations without you needing to worry about the specifics of underlying technology. For example, Self Chain–based wallets can execute bundled transactions, carry out cross-chain operations and optimize gas fees, all without user intervention.

What Is the Self Chain Crypto Token (SLF)?

During the project's mid-2024 rebranding from Frontier to Self Chain, its native cryptocurrency was migrated from the FRONT token on the 

 (BNB) to the SLF coin, native to the Self Chain's Layer 1 network. The migration was announced in late August 2024, and as of the time of this writing (Sep 16, 2024), FRONT holders can still migrate their tokens, with no specific conversion deadline provided by the project team.

SLF is used for a wide variety of functions on the Self Chain platform, including the following:

SLF has a total and maximum supply of 360 million. The coin's supply allocation shares are per the chart below:

The SLF coin is available on Bybit as a Perpetual contract with USDT (

). Under this contract, you can trade SLF with up to 12.5x leverage.

Self Chain's innovative system simplifies keyless multichain web3 access, while the versatile LLM assistant helps efficiently interpret user intent to conduct diverse transactions across networks. This is a functional set that few other projects in the industry can provide. In particular, the keyless wallet solution is something that truly sets Self Chain apart. 

While there are a few crypto projects that utilize an intent-focused approach and AI-based chat assistants, Self Chain’s keyless functionality is a rare feature that will undoubtedly attract interest from a variety of users. Navigating myriad DApps and networks and transacting on them without the need for meticulous private key management has just gotten a lot easier — all thanks to Self Chain and its implementation of MPC-TSS.

Advanced

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Self Chain (SLF): The Future of Secure Private Key Recovery

Stacks is integrating with the Aptos Network to bring Bitcoin's utility to decentralized applications through sBTC, a 1:1 Bitcoin-backed token.

The SPX index was up by 0.03%, with key sectors underperforming, including healthcare, consumer staples, and real estate, while energy, consumer discretionary, and industrial stocks outperformed. Coindesk Indices, an index measuring broader cryptocurrency market performance, was up by 2.95%, with Bitcoin and Ether rising by 3.62% and 3.16%, respectively, in the past 24 hours.

Today's top performer is SAGA, which surged 27.3% following its announcement of a new economic model focused on sharing in project success rather than charging gas fees.

Saga (SAGA), founded in 2021, is a Layer 1 blockchain protocol that allows developers to create customized chains for their applications, providing shared security and scaling solutions. 

 focuses on sharing in the success of projects built on its platform, rather than charging gas fees. Projects can launch cheaply on Saga's chainlets, and Saga takes a small cut of token activity once bridged through its infrastructure. As projects grow and their tokens become valuable, Saga can hold, use, or sell these tokens to fund ecosystem growth and buy back $SAGA tokens. This creates a network effect where success drives further success, positioning Saga as a key platform for value generation in web3.

Check Out the Latest Prices, Charts, and Data of 

 to bring Bitcoin's utility to decentralized applications through sBTC, a 1:1 Bitcoin-backed token. This integration allows Bitcoin to be used beyond a store of value, enabling participation in DeFi, gaming, AI, and social platforms on Aptos. The integration follows the resolution of an SEC investigation into Stacks, clearing the path for further Bitcoin scaling advancements. Stacks' recent Nakamoto upgrade has improved its transaction speeds and block production, facilitating this new cross-chain capability.

Yesterday, The total flow for BTC Spot ETFs was $186.8 million, with $0 from GBTC and $186.8 million from non-GBTC sources.

 on Optimism’s OP Mainnet, with 185 million WCT tokens being airdropped to users. The airdrop registration opens on September 24, targeting users who engage with WalletConnect or contribute to open-source projects. WCT tokens will drive WalletConnect's governance and economic structure, initially non-transferable until 2025. The newly formed WalletConnect Foundation will oversee the protocol's transition to a permissionless structure. WalletConnect aims to decentralize further and has seen 240% growth in the past year.

Beginner

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Stacks Integrates with Aptos, Expanding Bitcoin’s Utility to dApps and DeFi

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

, where managing your crypto exchange meets the intellectual challenge of daily Morse code puzzles. Released each day at 7PM UTC, these puzzles do more than just test your mental agility; they offer significant rewards that can enhance your strategic influence in the game.

, challenging you to decipher a Morse code each day. Successfully solving these puzzles not only boosts your coin reserves, but also sharpens your critical thinking skills, enhancing both your gameplay and strategic planning.

Today’s Hamster Kombat Daily Cipher: Sep 18, 2024

 Daily Cipher for Sep 18, 2024, is as follows:

 —•••   ••   —•   •—   —•   —•—•   • 

Ensure each Morse code sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

Gain an early advantage by trading HMSTR tokens through Bybit’s Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Today's Daily Cipher and the interactive gaming activities available within 

 provide ample opportunities to boost your coin balance and deepen your engagement with the game. Each puzzle you solve not only contributes to your financial growth, but also refines your analytical skills, making every gaming session both rewarding and intellectually stimulating.

Stay tuned for daily updates and expert strategies to maintain your competitive edge in the thrilling world of 

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A Guide to Hamster Kombat's Daily Cipher Code (Sep 18, 2024)

Crypto

Staking

Explainers

What is crypto staking? And how can users learn how to stake coins to earn crypto?

? That’s right! “What is crypto staking?” you may ask. Crypto staking has become increasingly popular among investors as a way to grow their crypto portfolios without having to constantly trade or monitor the market. In this blog post, we will explore the world of crypto staking, discuss various staking methods, and help you choose the right strategy to start earning passive income today.

Crypto staking, or the process of locking up digital assets to support a 

 network, is a mechanism used primarily in proof-of-stake (PoS) consensus mechanisms. By staking their assets, validators help maintain the security and integrity of the network, while earning staking rewards in return.

Before diving in, investors should familiarize themselves with the staking process and its implications.

 (PoW) are two different consensus mechanisms used in blockchain networks. These consensus mechanism types, PoW being the older of the two, rely on miners who use their computing power to solve complex equations and validate transactions. However, this process consumes a massive amount of energy, sparking concerns about its environmental impact. In contrast, staking work in PoS systems offers a more energy-efficient alternative for achieving consensus.

Enter PoS, a more energy-efficient alternative that enables staking. In PoS blockchains, network participants stake predetermined amounts of cryptocurrency to validate new transactions and add new blocks to the blockchain, earning staking rewards in the process.

In PoS blockchains, validators stake their assets and validate transactions, thereby ensuring the network’s security and integrity. Validators are typically chosen through a random selection process based on factors such as the number of coins staked or a combination of other factors.

Once chosen, validators are responsible for validating transactions in new blocks and adding them to the blockchain.

There are various staking methods available for crypto investors, including independent staking, staking pools, and staking on exchanges. Each method has its own benefits and drawbacks, depending on factors such as your technical expertise, available resources, and risk tolerance.

Below is a detailed exploration of these staking methods.

Independent staking involves becoming a validator on a PoS blockchain, which requires a minimum amount of cryptocurrency and some technical knowledge. To become a validator, you must lock up a predetermined amount of the network’s native cryptocurrency (such as 32 ETH for 

) and participate in the consensus process, which involves signing blocks and attesting to the signing of blocks.

This approach directly contributes to the network’s security and rewards the stakers for their efforts, including crypto rewards and staking reward.

Staking pools offer a more accessible option for those with smaller holdings. For instance, many Ethereum 

), have been created as user-friendly and inexpensive alternatives due to the complexities and high amount required to stake ETH. In a staking pool, multiple token holders combine their tokens to amplify their staking power and chances of being selected to validate blocks and receive rewards. By joining a staking pool, participants share the costs and rewards of staking their tokens.

To join a staking pool, you’ll need to research available options for your chosen cryptocurrency, select a pool, and stake your crypto to it via your wallet. Be sure to evaluate factors such as the pool operator’s history, safety measures, and fees or commissions when selecting a staking pool.

Some cryptocurrency exchanges offer staking services, allowing you to stake your assets directly on the platform for a commission. However, staking on exchanges can be more costly than other staking methods, as exchanges generally charge fees for staking services.

Moreover, keeping your crypto online on the platform exposes you to potential losses in the event of a crypto exchange failure, which is why many users opt for more secure alternatives like using a crypto wallet or choosing crypto exchanges with better security measures. Bybit, for example, offers you a safe platform to stake supported cryptocurrencies with 

 thanks to its robust security protocols such as a triple-layer asset protection in which all user funds are stored in cold wallets.

Popular cryptocurrencies for staking include Ether (ETH), 

 (DOT), among others that use PoS consensus mechanisms. These cryptocurrencies offer attractive staking yields that vary depending on the specific asset and market conditions. For instance, staking yields for ADA currently range from 3.1% to 4.5%, while Polkadot (DOT) can offer annual yields ranging from 8% to 14.29%.

Bear in mind that factors like network demand and the staking method used can cause staking rewards and yields to fluctuate over time. Be sure to stay informed about the latest staking opportunities and market developments to maximize your returns.

How to Start Staking: A Step-by-Step Guide

For those ready to embark on the journey of crypto staking, follow these initiation steps:

Now that you have your chosen cryptocurrency and a compatible wallet, you’ll need to decide on a staking method. As discussed earlier, you can choose between independent staking, joining a staking pool, or staking on an exchange. Each method has its own benefits and drawbacks, so consider your technical expertise, available resources, and risk tolerance when making your decision.

Once you’ve selected a staking method, follow the specific steps for that method to start staking your assets and earning passive income. For example, if you choose to stake independently, you’ll need to set up a validator node and lock up the required amount of cryptocurrency. If you opt for a staking pool, you’ll need to research available options, select a pool, and stake your crypto via your wallet. And if you choose to stake on an exchange, simply deposit your assets to the platform and enroll in their staking program.

The variation in staking returns can depend on the type of cryptocurrency, the staking method applied, and the prevailing market conditions. Some staking opportunities offer 

 (APY) of up to 20%, while others may provide lower returns. To optimize your staking rewards, consider factors such as the pool’s commission fees, the reliability of the validator, and the overall demand for the blockchain network.

Potential risks, such as market volatility and liquidity issues, should also be considered when staking. By staying informed and carefully assessing your staking opportunities, you can make informed decisions and maximize your passive income.

While crypto staking can be an attractive source of passive income, it comes with its own set of risks. Market volatility is a significant concern, as the value of staked assets can fluctuate drastically, potentially leading to financial losses. Additionally, liquidity issues can occur when stakers are unable to convert their staked assets into cash quickly, due to a lack of buyers or sellers in the market or an absence of liquidity on the staking platform.

Another risk associated with crypto staking is the lock-up period, during which staked assets are inaccessible and cannot be sold or traded. Validators who act improperly may also face penalties and forfeiture of their staked collateral. Understanding these risks is crucial before deciding to participate in crypto staking.

Alternatives to Staking for Passive Income

If you’re interested in earning passive income but not quite ready to dive into crypto staking, there are other alternatives to consider. Some options include:

These alternatives can provide stable passive income streams.

For those still interested in the world of cryptocurrencies, lending programs and decentralized finance (

) applications offer additional passive income opportunities. Reputable crypto lending programs like 

 allow users to lend their crypto assets and earn interest income, while DeFi applications provide various yield-generating opportunities through platforms like 

Awareness of the tax implications associated with crypto staking is vital. In general, staking rewards are subject to taxation as income at their fair market value, which also establishes a cost basis for future capital gains calculations. Tax treatment of staking rewards can vary depending on the country; for example, in the US, staking rewards are treated as ordinary income and taxed based on the fair market value at the time of receipt, while in the UK, they are classified as miscellaneous income and subject to income tax.

Always consult a tax professional for guidance on reporting your staking rewards and understanding your specific tax obligations. Accurate record-keeping of your staking activities is crucial to ensure you meet your tax obligations and avoid potential penalties. This includes:

By maintaining detailed records, you will be better prepared to report your staking rewards accurately and fulfill your tax obligations.

In conclusion, crypto staking offers a compelling opportunity for investors to earn passive income while supporting the security and integrity of PoS blockchain networks. By understanding the different staking methods, popular cryptocurrencies for staking, and potential risks and rewards, you can make informed decisions and grow your crypto portfolio with confidence. Whether you choose independent staking, joining a staking pool, or staking on an exchange, crypto staking can be a rewarding and fulfilling way to participate in the world of blockchain technology. 

Staking your crypto can be a great way to earn passive income, as some cryptocurrencies offer high interest rates. However, it's not a riskless process, and you need to make sure you understand how it works before getting started.

Staking crypto carries risks including protocol penalties, market risk, liquidity risk, lockup periods and more. Additionally, the rewards gained through staking can be offset if the price of crypto drops significantly. It is important to bear in mind these risks when considering staking your crypto assets.

Is staking better than holding in crypto?

Staking offers many benefits compared to simply holding crypto, such as higher returns on investment, compounding interest and the ability to earn more than 10% or 20% per year. Additionally, it is also a way to contribute to the security and efficiency of the blockchain projects you support. Thus, staking may be a better choice than holding in crypto.

Crypto staking is a process in which holders commit their digital assets to help verify transactions on the blockchain, earning rewards in return. Participants don't usually personally validate transactions - instead, computers in the network do - and it can be easily done through programs on major exchanges.

What is the minimum amount of ETH required to become a validator on Ethereum?

To become a validator on Ethereum, the minimum amount of ETH required is 32 ETH.

What Is Crypto Staking? Your Guide to Earn Passive Income

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards