Ark Invest’s new report predicts Ether’s market cap will have reached $20 trillion and Bitcoin’s price will have exceeded $1 million by 2030 based on BTC’s use cases and how ETH captures market share from TradFi.
Bitcoin (BTC) price prediction is a precarious affair despite the host of analysts and investors hoping to make a profit. Bitcoin’s value is determined second-by-second, day-by-day by a market that never sleeps. As a cryptocurrency’s value is determined by an open market, this presents unique challenges around volatility that most currencies do not face. While cryptocurrency price prediction is an ever-moving target, market literacy is essential for someone to get the most value out of their participation in the crypto economy.
Without getting into the weeds of technical analysis, what most traders and market analysts are hoping to discern is the overall sentiment of the market, which falls into two basic categories:
- A bull market occurs when the price action appears to steadily increase. This is also known as a “pump,” as the influx of buyers increases the prices.
- A bear market occurs when the price action appears to steadily decrease. This is also known as a “dump,” as the mass sell-off results in the price going lower.
Price prediction and asset speculation is a high-risk venture, so stay tuned to Cointelegraph’s daily market analysis to better navigate the ebbs and flows of crypto.
Blockchain-based metaverse environments allow brands to offer more user benefits, such as increased interactivity and ownership of virtual items, but will it catch on?13319
Global crypto users could top a billion by the end of 2022, according to a new report by Crypto.com.9962
Several well-known pundits agree on the power of a potential shake-up in supply and demand for Bitcoin this year.23714
NFT tickets are on the rise as artists and fans seek lasting engagement in real life and in the Metaverse through the use of new technology.4486
NFT art created by AI algorithms brings new meaning to nonfungible tokens, but can artificial intelligence be trusted to produce a new genre of art?24629
“We believe the price is going up. Our internal valuation models put the price per BTC right now of between 50,000 to 75,000,” says Guido Buehler, CEO of Seba Bank.9527
The future’s bright for Bitcoin according to Ric Edelman, founder of financial advisory outfit Edelman Financial Engines.6725
Don’t write off Bitcoin, says Nexo co-founder Antoni Trenhcev. Every time you do, it significantly outperforms.6195
Buterin still believes that “the internet of money should not cost more than 5 cents per transaction” and highlighted Ethereum’s continued efforts to improve the blockchain’s scalability capabilities.16835
There's plenty to celebrate in "up only" Bitcoin beyond short timeframes, analysts conclude on the last day of the year.5874
Some analysts are expecting big things for Bitcoin shortly once institutional selling has subsided and capital gets deployed to the market.21107
Pierce and Lee believe that Bitcoin will continue its meteoric rise in price through 2022, but that’s pretty much par for the course with those two.12999
The research firm made numerous predictions about crypto in 2022 about the price, regulations, Bitcoin’s hash rate, and even the fate of XRP and ADA.35438
A change of course from the Fed could produce a "flight to safety" which sends Bitcoin price action stratospheric.44940