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

will bitcoin soar to $100K by 2024 featured image

EN_2408-T34286_Learn Livestream_1600x900_B.png

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

self chain (SLF).png

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

3.png

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 

hamster kombat daily cipher code.png

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

Bybit Learn

GameFi

Explainers

Altcoins

Pirate Nation (PIRATE) is a fully on-chain RPG game that lets you explore, battle, and loot in a secure, decentralized manner, complete with on-chain NFTs.

pirate nation 1

pirate nation 2

 sector is one of the fastest-growing niches within the blockchain industry. Countless projects have joined the space over the last couple of years, hoping to capitalize on the explosive growth in the popularity of crypto games. However, many, if not most, of these gaming platforms only have a part of their functionality supported by 

 technologies. A large part of their working mechanisms, including the game engines, often resides on centralized Web 2.0 servers, with only certain features enabled by 

 operations tied to players' accounts, while the game engine and computing resources come from traditional Web 2.0 sources.

 is a GameFi project that, unlike many other platforms in this sector, has a fully 

 gaming environment. Launched by the Proof of Play game studio, 

takes you on a pirate adventure to collect materials, explore seas, gather loot and battle on bold quests and missions. Its fully on-chain web3 game leverages blockchain technology to offer a secure, permanently protected, transparent and user-owned gaming experience.

 is a fully on-chain RPG game that allows you to assemble a team of pirates and send them on quests across seas to collect gold and other resources, loot, participate in battles and more.

 By successfully carrying out these quests, your pirates gain experience, and you can eventually level up to unlock in-game-asset trading opportunities.

is completely blockchain-based. No part of the game's functional mechanism — its game engine, asset storage functionality, trading environment or user accounts — is held off-chain. By being completely web3-based, 

 offers significant advantages to users, including better security, public traceability and transparency, the permanency of game assets (as long as the host blockchain exists) and the ease of creating user-generated content (UGC). The last point is a particularly notable feature, given the growing popularity of UGC in the web3 world, particularly in the gaming and social media sectors.

Many gaming platforms extensively use Web 2.0 solutions to enable their functionality, even when they claim allegiance to web3. The use of Web 2.0 systems — with their heavy slant toward proprietary and centrally controlled features — limits UGC opportunities within these games. In contrast, 

 actively supports and facilitates UGC, thanks to its fully blockchain-based nature.

, a New York–based blockchain game developer. In March 2024, the blockchain technology company rolled out a dedicated chain to host and support 

 and average block times of about 0.25 seconds, providing an affordable and scalable hosting environment for the game.

Apex also provides multi-chain functionality, enabling smooth asset transfers across different blockchains. While the gaming engine for

 (NFTs) — the main in-game asset types on the platform — reside on the 

You’ll need to own at least one pirate to start the game. However, you don't have to purchase your first pirate, as 

 can be free to play. All you need to do is mint your first free pirate NFT to get started. Of course, the more pirates you have, the higher your chances of succeeding and leveling up, so purchasing more pirates is definitely advisable for those serious about playing the game.

You send your pirate(s) on quests or to collect treasures and pirate gold in an open, procedurally generated gaming world. Pirates are driven by an energy resource to carry out their tasks and quests. This energy replenishes every 24 hours. During sea exploration and quests, pirates use ships, which can be leveled up as players collect bounties and complete quests using their pirates.

As your pirate team successfully completes its missions, you earn points that let you level up in the game. For many users, the eventual goal is to level up to the tradable level; this is the level at which you acquire the ability to trade in-game assets on the platform.

There are three main modes of accomplishing tasks and leveling up: the combat-based Skullduggery mode, the discovery-based Exploration mode and the trade-based Privateering mode. Each player will gravitate toward one of these modes based on their gaming style and preferences. Regardless of the mode, you’ll encounter plenty of unexpected surprises and challenges along the way.

 revolves around three currencies: Pirate Gold (PGLD), Gems and the PIRATE token. Each serves a specific purpose for advancing in the game, trading or accumulating assets.

PGLD is earned and spent by players throughout the game. It’s the 

 (P2E) crypto. Gaming achievements are mainly rewarded using this token. New players who haven't reached the tradable level earn Marks (MARK) tokens instead of PGLD. When their accounts reach the tradable level, all the accumulated MARK is converted to PGLD. From then on, their in-game achievements are rewarded with PGLD tokens.

, can be used to boost your gaming capabilities. For instance, using these tokens, you can purchase additional pirate energy and meet quest requirements. Gems also provide access to special events and game modes. It’s a non-transferable, internal asset limited to use within the 

The platform's main cryptocurrency, PIRATE, can be used to purchase Gems, which in turn open up access to a variety of game functions and features.

What Is the Pirate Nation Token (PIRATE)?

 token launched on Jun 13, 2024. As noted above, it can be used to purchase Gems tokens. Unlike Gems, however, PIRATE is freely tradable and is already available on the crypto market.

 that PIRATE will also be used in the future to reward players for various activities. These may include completing on-chain and off-chain quests, winning tournaments, expanding the player's grid and more. There may even be rewards for building on top of the existing 

 ecosystem, so other developers and gamers creating UGC might also benefit from the envisioned rewards program. As detailed in the next section, the PIRATE token also has staking functionality.

The total and maximum supply for PIRATE tokens is 1 billion. Supply allocation shares are per the chart below.

 PIRATE on the game platform allows you to collect Proof of Play Points.

 applies a multiplier to the points earned to encourage early participation in the staking program. This multiplier is decreased daily, but once you stake your funds, you’re guaranteed to earn points at a multiplier rate applicable on the starting day. Thus, getting in early allows you to lock in a better multiplier.

 is that you can still use your staked PIRATE funds for discounted on-platform activities and transactions without affecting the multiplier bonus. You can also unstake at any time.

Where to Buy the Pirate Nation Token (PIRATE)

The PIRATE token can be bought on Bybit's Spot market through a swap pair with USDT (

). You can also take advantage of Bybit's Token Splash campaign dedicated to the token to earn a share of the 

 . The campaign, which runs till Jun 26, 2024, 8:59AM UTC, requires existing and new users to complete a series of deposit and trading tasks to qualify for their share of USDT rewards. You can also earn USDT bonuses for referring your friends to sign up to Bybit.

 varieties: Founder's Pirates, Ships and Items. Items are NFTs representing a vast variety of in-game assets, including tools and equipment used by pirates, materials for crafting treasures, trees, muskets, pirate flags and many more. Ships, being larger and more critical in-game assets, are listed separately as an NFT variety of their own. As the NFTs are generated on-chain, the skills and traits they develop as they evolve are permanently stored in blockchain.

The most prominent NFT type on the platform is Founder's Pirates. These are 9,999 genesis NFTs in the form of pirates released by the platform in November 2022. Initially, Founder's Pirate NFTs were required in order to gain access to the game. However, the project team quickly realized that as the game gained popularity, requiring a Founder's Pirate from each new player would dilute the collection's supply.

The rules were modified, and new players can now start playing in the game using a free pirate NFT of a different type, not necessarily a Founder's Pirate. This move helps retain the scarcity element for Founder's Pirate NFTs, which are now used to provide access to certain exclusive features and benefits. They may also be used in 

's staking program along with PIRATE tokens. Staking a Founder's Pirate NFT with PIRATE tokens allows you to earn a better points multiplier.

Fully on-chain games aren't yet mainstream within the broader blockchain ecosystem, where many games still feature a combination of Web 2.0 and web3 technologies.

is a notable exception in this field with its dedication to providing a fully blockchain-based gaming experience. Besides this technological factor, the platform has uncompromisingly fun gameplay, as you take your pirates on many adventures across the high seas to discover hidden treasures and participate in quests and fierce battles.

Having recently launched its native token, the platform is ready to take on an active role in the niche of fully on-chain games. Its focus on the exclusively web3 experience and an engaging game environment are definitely going to help 

 in the high seas of the competitive GameFi sector.

Pirate Nation (PIRATE): Experience High Seas Adventure On-Chain

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards