1 Cryptocurrency Up 29% in 3 Weeks to Buy Before It Soars Another 515% by 2029
The momentum is just getting started, and two strong forces could push the price higher.
Overview
Most investors know the cryptocurrency market can move quickly. A 5% or 10% move in a token's price in a few hours isn't uncommon. So, Bitcoin's (CRYPTO: BTC) 29% rise in just a few weeks, including a 21% climb in three days between Aug. 19 and Aug. 22, isn't too out of the ordinary. The leading cryptocurrency trades nearly 41% above its July low as of this writing.
The current momentum in Bitcoin is driven by a couple of key factors that could push its price significantly higher from here. In fact, one analyst thinks the cryptocurrency could reach $500,000 by 2029, representing upside of more than 500% from here.
Details
Here's what investors need to know.
Source
Originally published at www.fool.com.