Bitcoin has been the biggest currency in the crypto industry for years. Phenomenal as it is, BTC has seen its fair share of ups and downs, especially in 2022. Now investors are asking, 'will [Bitcoin](/news/article/bitcoin-investors-turn-to-self-custody) go back up in value?'.

For the past few years, Bitcoin has been on a rollercoaster ride. From its all-time high of around $68,000 in November 2021 to its current price of $18,143 (12 January), the value of this digital currency has been highly volatile. It lost more than 70% of its value between November and mid-December. This is why investors wonder, 'will Bitcoin go back up?'.

[Predicting the future is difficult](/news/article/bitcoin-volatility-price-drops). A few factors, nevertheless, can help investors understand more about the likely course of Bitcoin's price in the future.

## What is Bitcoin

Bitcoin was the first cryptocurrency. In 2009, it was created by an unknown person with the assumed name of Satoshi Nakamoto.

It is a revolutionary technology used as an electronic cash system that has already changed the world. Investors refer to it as digital gold since it is a currency that stores value.

## Will Bitcoin go back up - The influencing factors

What factors affect its price? Knowing this will help us to understand why the BTC price behaves as it does and to unravel the "will Bitcoin go back up" question.

1.   Adoption of cryptocurrency by the masses
The widespread acceptance of cryptocurrencies is the primary factor determining Bitcoin's future. Cryptocurrency will become more in demand if more people want to use it. 

As a result, the cost of this cryptocurrency will increase.

Currently, there is still a relatively small market for the currency. This indicates a limited supply of this first-mover cryptocurrency and a limited pool of buyers. This scenario directly means that the price of the same may decrease if there is a decline in demand.

However, the market for Bitcoin is expanding, which is good news. The interest in it is growing, and more businesses accept it as a form of payment. This can only portend a bright and successful future. So, yes, Bitcoin will go back up again in the future.

2.   Regulatory environment of cryptocurrency
The regulatory environment of cryptocurrency is significant. 

If governments regulate the cryptocurrency market and adopt a more favorable stance towards Bitcoin, this will create more stability and trust, leading to higher prices.

However, some things potentially cause the price of this digital currency to go down significantly. Unfavorable government regulations have a negative impact on the price. 

For instance, governments around the world have been hesitant to embrace it. One must wonder, will Bitcoin go back up if governments pass legislation restricting or prohibiting people from buying or selling the currency? This will only cause its price to drop notably.

3.   Development of the underlying technology
For Bitcoin and other cryptocurrencies to thrive, developing underlying technology is fundamental. If the technology behind it is improved, this will lead to more efficient and secure transactions, which will increase the demand for the currency and cause the price to go up.

At the moment, this online currency is still relatively new, and many don't understand it. If the public becomes less trusting of the technology, it will eventually drive people to sell off their investment, driving the price down.

However, at the moment, Bitcoin's underlying technology is constantly evolving. This indicates that the technology is improving in terms of efficiency and security. As more people develop confidence in the technology, it will result in an increase in its value.

4.   Usage as a medium of exchange
The usage of this cryptocurrency as a medium of exchange is another aspect that is influencing consumer demand. A growing number of online and offline retailers accept Bitcoin as a form of payment. As a result, more individuals might begin utilizing it to make purchases of goods and services, which could boost demand and raise the currency's price.

5.   Usage as a store of value
The usage of Bitcoin as a store of value is another aspect that affects its price. Some investors purchase it as a hedge against inflation and other economic risks because they view it as a safe haven asset, similar to gold. The demand for Bitcoin might rise if this pattern persists, consequently raising the value of the [digital currency](/news/article/digital-currency-group).

6.   Overall state of the world economy
The overall health of the global economy will also impact the price of Bitcoin. People may be more inclined to invest in it, thus increasing its value. Nonetheless, this is only possible if the economy is strong and there is little inflation.

On the other hand, consumers may be less likely to invest in the currency if the economy is struggling and there is excessive inflation, which could result in a decline in its price.

7.   Positive news on Bitcoin
Last but not least, the news surrounding Bitcoin is vital. If there is positive news surrounding it or its technology, then this could lead to more investor interest and higher prices.

If there is negative news surrounding this digital currency or its technology, then this could lead to a decrease in investor interest and lower prices.

Having said that, will Bitcoin go back up again? Positive and optimistic news on this subject will greatly help bring things back on track.

## When Bitcoin prices have dropped, here is what to do

Undoubtedly, a large drop in digital currency prices, especially Bitcoin, instills great fear in people. At this moment, the cryptocurrency world is under immense pressure, especially due to the tightening US Federal Reserve monetary policy. The change has affected Bitcoin and other currencies like [XRP](/news/article/xrp-lawsuit-update), Ethereum, and Cardano. Global stocks have seen a drop in prices as well.

So, will Bitcoin go back up? Yes, hopefully. And this is what [you should do](https://zipmex.com/learn/bitcoin-price-prediction/#:~:text=Compared%20to%20the%20previous%20year%2C%20Bitcoin%20price%20tends%20to%20significantly,2024%2C%20along%20with%20other%20cryptocurrency.) while waiting.

1.   Avoid selling out of panic and maintain your position
Always remain calm, take your time to investigate, and consider the situation. Speak with an expert before purchasing or selling your digital currency if you find some concepts difficult to understand. Your investment portfolio, which you have worked so hard to build, will be badly impacted by a hasty sale or acquisition of Bitcoin. 

It could result in significant losses that take you a long time to recover from, or you never recover at all.

2.   Analyze the current situation
Always ask yourself, "What is causing the prices to drop?". Are there significant happenings in the world that are affecting these prices? Strive to keep up-to-date with the current state of affairs globally and especially so in cryptocurrency. You can achieve this by watching news and programs on TV, reading newspapers, or visiting relevant websites.

3.   Take a long-term perspective
If you're investing in Bitcoin, it's important to remember that it's a long-term investment and that market fluctuations are normal. Don't panic if the price drops, but as an investor, consider it an opportunity to buy more at a lower price. 

However, be careful on this one and engage an expert to be on the safer side.

4.   Diversify your investments
[Diversifying your investments](https://www.bankrate.com/investing/bitcoin-and-crypto-crash-what-investors-should-do/) is important, so if Bitcoin's price drops, your portfolio isn't overly exposed to the cryptocurrency. To balance your investments, consider investing in other cryptocurrencies, stocks, or even gold.

5.   Take into account dollar-cost averaging
With this method, an investor purchases securities on a recurring basis using a portion of the entire money to be invested. By doing this, the investors lessen the effect of volatility on their overall buy.

6.   Be hopeful
That's right. You have to be optimistic that things will get better eventually. If the big question still in your mind is, "Will Bitcoin go back up?", then the answer is a bold "Yes".

## Conclusion

To sum it up, it is impossible to predict when Bitcoin will go back up again. It is a risky endeavor since the currency's price is influenced by a wide range of factors, as already discussed, and it is highly volatile.

However, there is reason to believe that it will. As more people learn about Bitcoin and become interested in it, the demand for it will likely increase especially if the overall global economy is strong.

Governments are beginning to recognize the potential of cryptocurrency and are passing laws that regulate and legitimize it. The technology behind Bitcoin is constantly improving and growing.

All of these factors could ultimately lead to an increase in the price of Bitcoin. And who doesn't want that to happen?


Will Bitcoin Go Back Up?

If you are new to cryptocurrency, then [Nomics](https://nomics.com/) may sound like a strange word from worlds unknown. But not anymore. Basically, Nomics is an online API-first platform that provides financial market data for cryptocurrency assets.

It provides real-time and historical cryptocurrency market data, including prices, trading volumes, [market caps](/news/article/what-is-market-cap-cryptocurrency), and more. At the same time, it offers comprehensive data coverage for more than 10,000 digital assets and access to clean, normalized, and standardized market data.

## When to use Nomics

The platform is best utilized when you wish to monitor and assess the performance of a variety of digital assets. That includes cryptocurrencies, stocks, and other tokens based on blockchain technology. When investing, it can inform you of the current status of the Bitcoin markets and assist you tremendously in making wise choices.

Who benefits most from using this platform? Well, investors, traders, and market analysts are the people who get the most from it. You could, too, because you will keep up with the most recent changes in the cryptocurrency market. You are also able to examine previous data, which will be paramount in making wise trading decisions.

## Why is it important to use Nomics? 

As you are already aware, using this API platform is important because it provides users with a comprehensive, accurate, and up-to-date worldwide view of the cryptocurrency market. Additionally, it also provides real-time financial data for more than 2,000 cryptocurrencies.

In summary, Nomics makes it simple for users to get the data they require to recognize trading or investment opportunities and helps them make informed financial decisions. 

Furthermore, it gives them access to the most recent information and analysis from the whole crypto industry.

For sure, with its rich features and data, the platform is an invaluable resource for anyone wanting a better understanding of the crypto markets.

So, what are you waiting for? Open a Nomics platform and see for yourself in real-time what is happening in the crypto world.


What is Nomics? All You Need to Know

Before analysing Nano price, let's understand what it is. Nano is a digital decentralized currency created back in 2015 by Colin LeMahieu. Previously, it was known as RaiBlocks. It is similar to [Bitcoin](/news/article/bitcoin-prime-review) in that it uses a blockchain to track transactions, but it has several differences that make it unique.

One of the most notable differences is that it is designed to be a "lightweight" currency. That means it is intended to be very efficient in terms of storage and transaction processing. Nano also has no fees associated with transactions and is designed to be scalable to a much larger number of users than Bitcoin.

Since its launch, Nano has seen a steady increase in price. However, it has not reached the level of mainstream adoption that would be necessary for it to become a truly global currency. Interestingly though, the currency's use has increased in recent months, particularly in Africa.

## Major uses of Nano currency

Nano currency can be used to purchase goods and services online, or it can be held as an investment. It is also being used by some organizations for raising funds through ICOs (initial coin offerings). In addition, the digital currency is also used to send money to family and friends.

## Nano price fluctuations since its creation

Since its inception in 2015, Nano (NANO) has undergone several price changes. In December 2017, NANO reached an all-time high of $37.62. However, prices soon began to drop, and by September 2018, it had fallen to $0.65. In the past year, prices have fluctuated between $0.50 and $2.00.

Despite the volatility, Nano has shown some stability over the years. In 2019, the average price was $1.02, and in 2020, it was $0.90. In 2021, the average price was $1.21.

## Current Nano price

The [current price of Nano](https://www.coingecko.com/en/coins/nano) is $0.64, with a trading volume of $1,302,822. In the last seven days, prices have ranged from a low of $0.58 to a high of $0.78. Nano is still a relatively new currency, and it is likely that the price will continue to fluctuate in the future. At the moment, Nano has a [market cap](/news/article/what-is-market-cap-cryptocurrency) dominance of 0.009%.

## Why the high fluctuations in Nano price?

The main reason for the price changes is the supply and demand of the currency. When there is greater demand than there is supply, prices go up. When there is greater supply than demand, prices go down.

Nano is not currently being traded on any major exchanges. Nevertheless, it is available on a few smaller exchanges, such as Mercatox and Binance DEX. The best way to get accurate price information is to check a variety of sources. [CoinMarketCap](https://coinmarketcap.com/) is a good starting point, as it aggregates data from various exchanges.

Up-to-date information on Nano price will ease your decision-making when it comes to making major digital investments online.



green abstract image of blockchain and nano logo

Nano Price Analysis

[Bored Ape Yacht Club (BAYC)](/news/article/how-to-buy-monkey-nft) derivatives are slightly modified versions of the original BAYC Non-Fungible Token (NFT) digital art. The modified NFTs or derivatives have recently gained demand in the digital market. Well, you now know what BAYC derivatives are. But what about the 'Bored Apes' in [Bored Ape Yacht Club](https://boredapeyachtclub.com/#/)?

In simple terms, BAYC is a collection of digital art commonly known as non-fungible tokens (NFT). The art features Ape cartoon profile images generated by a computer algorithm. The BAYC art collection is built on the Ethereum blockchain and launched on 23 April, 2021.

Four friends, Greg Solano, Wylie Aronow, Zeshan Ali, and Kerem Atalay, founded Yuga Labs, the BAYC parent company. According to Aronow, the name 'Ape' is derived from the term 'aping in', used in cryptocurrency, like [Dogecoin](/coins/doge), to mean buying a new NFT or currency after its launch without doing thorough research.

## Why are BAYC derivatives so popular?

Currently, there is increased publicity around NFTs and their derivatives that has attracted millions of buyers keen on making a profit. Also, the fact that one can use their Bored Ape as an avatar on social sites makes these NFTs appealing to many. In addition, [exposure by celebrities](/news/article/stephen-curry-nft), collaboration with big brands, and scarcity have jointly made BAYC derivatives very popular.

## Are the derivatives valuable?

More often than not, original NFT collections are out of bounds to many traders who fail to get on board early on. This drives traders and creators to make their most desired and popular NFT collections derivatives. By doing so, they also enjoy the hype around the original collections and make huge sales after minting them. However, this approach is not sustainable, and many derivatives do not last long.

Currently, the price floor of a Bored Ape is $86,788, equivalent to 57.75 ETH, and still one of the best and most popular NFTs in the market. This basically gives these derivatives an upper hand when it comes to value. 

Although many are still speculating on cryptocurrency's value [stability and Anti-Money Laundering (AML) security measures](https://news.sky.com/story/elon-musk-sued-for-258bn-over-claims-he-ran-a-pyramid-scheme-to-promote-dogecoin-12635334), things don’t look like they are changing any time soon.



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