Which cryptocurrency will rise in 2023?
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intermediate November 19, 2022 8 m Share Bitcoin, Bitcoin… Is there anything new to say about this cryptocurrency at this point? Even people who have zero interest in the industry have heard its name. As the number one cryptocurrency, it enjoys unimaginably high prices (up to $60K), a lot of attention, and, of course, much scrutiny. Bitcoin, alongside the rest of the crypto market, is known for its ability to overcome any challenges and have strong comebacks despite everyone writing it off. Various financial experts have been predicting that the Bitcoin bubble will pop “in the near future” every month without fail for the past eight or so years. And yet, the coin still remains on top, and BTC investors enjoy high profits. However, the crypto industry is rapidly changing, and some crypto enthusiasts are starting to doubt whether Bitcoin is still worth investing in. Please note that this is our long-term Bitcoin price forecast. This article does not constitute financial advice, and we are not investment advisors.
Bitcoin Overview
What Is Bitcoin?
Bitcoin is a proof-of-work-based blockchain and the first cryptocurrency that was created back in 2009. It is a decentralized digital currency that uses blockchain technology to facilitate trustless peer-to-peer transactions. In recent years, Bitcoin has been one of the most popular assets for investment: apart from the fact that it can be extremely profitable due to the high volatility of the crypto market, it is also very easy to invest in BTC. All one needs to get Bitcoin is an Internet connection. What Affects the Value of Bitcoin?There are a lot of different factors that can affect the price of Bitcoin. Unlike most altcoins, it does not depend as heavily on the rest of the crypto market and usually ends up being the one to set the trend. However, BTC is still responsive to huge crypto news, especially ones that either concern the industry as a whole or other big coins like Ethereum or Shiba Inu. Bitcoin’s price also gets affected by non-crypto news — a great example of that would be its price action in the spring of 2020. Another news sector that those who invested in Bitcoin or are planning to do so should look out for is ecology. Just like any other asset, Bitcoin gets affected by news related to it, be it about Bitcoin itself, crypto exchanges, or blockchain technology. Crypto prices usually go up when there is a piece of news related to mass adoption, new technological breakthroughs, and so on. On the other hand, any uncertainty can cause its value to plummet. History of BitcoinBitcoin’s price history is known to most crypto enthusiasts. From being ultimately nearly worthless, this coin has grown to be one of the biggest assets in the world. At its height, Bitcoin’s market cap was even higher than that of several established businesses. Let’s take a brief look at Bitcoin’s price chart. Upon looking at this chart, one thing that immediately becomes apparent is that Bitcoin’s price cycles keep on shortening. Additionally, despite the coin regularly losing value, the average value of Bitcoin keeps increasing. This shows a positive trend for the future. According to the latest data gathered, the current price of Bitcoin is $$16,753.80, and BTC is presently ranked No. 1 in the entire crypto ecosystem. The circulation supply of Bitcoin is 19,210,656 BTC, with a market cap of $321,851,550,522.53. In the past 24 hours, the crypto has increased by $263.03 in its current value. Bitcoin is facing a hard time getting on board with other crypto coins. BTC has fallen by almost 3.47% in the last 7 days. With concerns about the associated risks intensifying in the past few days, we don’t think the coin would be a profitable asset in the short term, even though it might have strong fundamentals. Within the last month, the price of BTC has decreased by 12.43%, eliminating a whopping average sum of $2,082.50 from its current value. This sudden drop means that the coin is in a dip right now, so it can be a good buying opportunity for quick investment. Bitcoin Technical AnalysisHere’s the result of the BTC technical analysis performed by TradingView, updated in real time. TradingView uses a wide variety of different technical indicators to perform their analysis. Here are some of them: moving averages, pivot points, and oscillators.
Bitcoin Price Predictions for 2022 by ExpertsThe Bitcoin cryptocurrency is undoubtedly one of the most popular assets to invest in these days. Because the crypto market has a relatively low barrier to entry, even people who have never been interested in trading before can easily become crypto investors. As a result, there are a lot of Bitcoin price projections out there that aim to answer one simple question: Will it rise again in the future? Most experts are generally bullish on Bitcoin. Some, like Wallet Investor, think we will see the Bitcoin price equal almost $150K in the next five years. Others, like Digital Coin Price, also have a positive outlook but a much more reserved one: their BTC price predictions state that the asset will most likely have reached “only” $100K by 2027. On the surface, the crypto market is only ever-developing: more and more businesses are introducing crypto-related products and services. For example, fashion brand Fendi is releasing a crypto wallet in collaboration with Ledger, and Twitter has recently introduced NFT profile pics. Yet, at the same time, many experts are starting to question the technology’s long-term viability. While significant public pushback against the new technologies can be explained away as fear and misunderstanding of something new, increasingly harsh regulations all around the world are making many experts wary of investing in crypto. Unlike Ethereum or Solana, Bitcoin doesn’t have the benefit of being a sprawling ecosystem of highly varied crypto products and services. It is what it claims to be — Bitcoin is a digital currency, nothing more, nothing less. Coupled with its slow reaction to change and non-eco-friendly proof-of-work (PoW) consensus algorithm, Bitcoin is starting to seem less and less like a lucrative investment. Additionally, we’re currently in the middle of a bear market, and the crypto space isn’t exactly known for making rational investment decisions. There are a lot of holders with so-called “weak hands” who sell off all their crypto funds at the first sign of trouble, which adds tension to the market. Can Bitcoin recover from all this and retake its previous highs? Well, it definitely has done it in the past. Of course, only time will tell how well BTC will do in the future, but we, alongside other crypto enthusiasts and experts, believe that its price still has a chance to soar. Bitcoin Price Prediction 2022According to the technical analysis of Bitcoin prices expected in 2022, the minimum cost of Bitcoin will be $17,391.24. The maximum level that the BTC price can reach is $18,726.46. The average trading price is expected around $18,225.75. Potential ROI: 13% BUY BTC Price Forecast for November 2022Based on the price fluctuations of Bitcoin at the beginning of 2022, crypto experts expect the average BTC rate of $17,524.76 in November 2022. Its minimum and maximum prices can be expected at $15,855.73 and at $18,025.47, respectively. Potential ROI: 9% BUY December 2022: Bitcoin Price ForecastCryptocurrency experts are ready to announce their forecast for the BTC price in December 2022. The minimum trading cost might be $17,391.24, while the maximum might reach $18,726.46 during this month. On average, it is expected that the value of Bitcoin might be around $18,225.75. Potential ROI: 13% BUY Bitcoin Price Prediction 2023After the analysis of the prices of Bitcoin in previous years, it is assumed that in 2023, the minimum price of Bitcoin will be around $25,064.52. The maximum expected BTC price may be around $30,466.65. On average, the trading price might be $25,975.81 in 2023. Potential ROI: 85% BUY Bitcoin Price Prediction 2024Based on the technical analysis by cryptocurrency experts regarding the prices of Bitcoin, in 2024, BTC is expected to have the following minimum and maximum prices: about $36,815.00 and $44,261.73, respectively. The average expected trading cost is $38,113.79. Potential ROI: 168% BUY Bitcoin Price Prediction 2025The experts in the field of cryptocurrency have analyzed the prices of Bitcoin and their fluctuations during the previous years. It is assumed that in 2025, the minimum BTC price might drop to $51,882.61, while its maximum can reach $64,336.98. On average, the trading cost will be around $53,788.30. Potential ROI: 290% BUY Bitcoin Price Prediction 2026Based on the analysis of the costs of Bitcoin by crypto experts, the following maximum and minimum BTC prices are expected in 2026: $91,978.29 and $74,700.76. On average, it will be traded at $77,390.17. Potential ROI: 457% BUY Bitcoin Price Prediction 2027Crypto experts are constantly analyzing the fluctuations of Bitcoin. Based on their predictions, the estimated average BTC price will be around $113,542.35. It might drop to a minimum of $109,672.84, but it still might reach $128,713.47 throughout 2027. Potential ROI: 680% BUY Bitcoin Price Prediction 2028Every year, cryptocurrency experts prepare forecasts for the price of Bitcoin. It is estimated that BTC will be traded between $160,423.72 and $192,426.09 in 2028. Its average cost is expected at around $164,965.41 during the year. Potential ROI: 1065% BUY Bitcoin Price Prediction 2029Cryptocurrency analysts are ready to announce their estimations of the Bitcoin’s price. The year 2029 will be determined by the maximum BTC price of $285,379.79. However, its rate might drop to around $231,429.59. So, the expected average trading price is $239,677.86. Potential ROI: 1628% BUY Bitcoin Price Prediction 2030After years of analysis of the Bitcoin price, crypto experts are ready to provide their BTC cost estimation for 2030. It will be traded for at least $329,579.02, with the possible maximum peaks at $406,156.62. Therefore, on average, you can expect the BTC price to be around $341,562.91 in 2030. Potential ROI: 2360% BUY Bitcoin Price Prediction 2031Cryptocurrency analysts are ready to announce their estimations of the Bitcoin’s price. The year 2031 will be determined by the maximum BTC price of $593,885.90. However, its rate might drop to around $498,829.61. So, the expected average trading price is $515,907.76. Potential ROI: 3497% BUY You can get Bitcoin and over 200 other cryptocurrencies on Changelly at fair rates and with low fees. FAQBitcoin price nowAs of now, Bitcoin (BTC) price is $16,572.09 with Bitcoin market capitalization of $318,345,161,677.90. Is Bitcoin a good investment?Considering current bearish trend in Bitcoin price movements, it is expected the cryptocurrency will continue meeting price decline. Please, invest wisely and don’t forget to DYOR when investing in any type of asset. Can Bitcoin rise?It seems that the average price of Bitcoin might reach $18,225.75 in the end of the year. In five-year plan perspective, the cryptocurrency could probably rise up to $113,542.35. Due to price fluctuations on the market, please always do your research before invest money in any project, network, asset, etc. How much will Bitcoin be worth 2023?BTC minimum and maximum prices might hit $25,064.52 and $30,466.65 accordingly. How much will Bitcoin be worth 2025?Bitcoin network is developing rapidly. BTC price forecast for 2025 is rather positive. The BTC average price is expected to reach minimum and maximum prices of $51,882.61 and $64,336.98 respectively. How much will Bitcoin be worth 2030?BTC is provided with suitable environment to reach new heights in terms of price. BTC price prediction is quite positive. Business analysts predict that BTC might reach the maximum price of $406,156.62 by 2030. Please take into account that none of the data provided above is neither fundamental analysis nor investment advice. None of the information provided is Will Bitcoin ever hit $100K?Considering the fact that Bitcoin has already doubled its value several times in the past, it is possible. However, it would require another market-wide price surge and at least one trip to the moon. Will Bitcoin go back down to $10K?It is possible. After all, the cryptocurrency market is incredibly volatile, and the question of crypto regulation remains uncertain. Is Bitcoin a good investment in 2022?Whether Bitcoin is a good investment or not depends on your portfolio and risk appetite. It is still going strong, and despite all the online doomposting coming from various stock market experts, the crypto market “bubble” still hasn’t popped. If it fits into your portfolio, and you believe in it as an asset, Bitcoin can indeed be a good investment in 2022. How high can Bitcoin go in 10 years?In 10 years, Bitcoin can reach $100K or even hit $200K. As long as there are no threats to it in terms of competition and regulation, its finite supply and growing popularity should ensure that it keeps on reaching new price highs. Why can there only ever be 21 million Bitcoins?The simple answer to this question is “because it was designed that way.” Well, but why can’t this limit be extended? Among other things, BTC’s finite supply acts as a deflationary measure and is one of the reasons why Bitcoin’s price is as high as it is. As for why this exact figure was chosen, there are a few theories about it. One states that it’s because the total value of all physical money in the world when BTC was developed was equal to $21 trillion. As a result, if Bitcoin had been then to completely replace fiat, 1 BTC would have been worth $1M, and one satoshi — $0.01. Is Bitcoin a safe long-term investment?Bitcoin is a relatively safe investment compared to other cryptocurrencies. However, it is still a high-risk, high-reward type of asset and should not be seen as a reliable long-term store of value. Is it too late to buy Bitcoin?History shows that it’s never too late to buy Bitcoin. The Bitcoin price today is still lower than its ATH, which means it may rise again in the future. Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment. Which crypto coin will rise in 2023?As we enter 2023, it will be a decade of Dogecoin existing in which crypto enthusiasts will celebrate its big success.
What cryptocurrency should I buy in 2023?The most notable cryptos under $1 on the list are D2T, IMPT, RIA, and TAMA. These cryptos have high potential and will significantly grow your portfolio by 2023.
Will crypto go back up in 2023?Looking ahead, 2023 looks poised to be a big year for Bitcoin. At the very least, it should be a lot better than 2022, thanks to increased investment from large institutional investors, growing use by global technology and financial firms, and a more accommodating monetary environment from the Fed.
Which crypto coin will rise in 2025?5 Cryptos With Multibagger Potential by 2025. |
