Is it possible that the Shiba Inu price could reach $10 by 2024?

The [Shiba Inu](/news/article/shiba-inu-holders-value-of-bone) coin, inspired by the popular dog breed, has gained a significant following in the market. Originally conceived as a joke, the coin has evolved into something more serious over time.

Since its launch, the price of the coin has undergone significant fluctuations. Although it had limited popularity initially, the coin experienced a surge in 2021, propelling it into the spotlight. The coin intends to become the Ethereum-powered equivalent of Dogecoin's mining algorithm, which uses Srypt. At the same time, introducing Shiba Inu in the [Shibaverse](/news/article/shibaverse-coin) metaverse could potentially drive up trading prices.

## Developments in the Shiba Inu ecosystem

The Shiba Inu ecosystem comprises decentralized applications (DApps), protocols, and open-source platforms that allow for the creation of smart contracts and DApps on the Ethereum blockchain. Additionally, it includes the SHIB token, which is used for purchasing goods and services within the ecosystem.

As anticipated, [Shibarium](/news/article/shibarium-release-date-update), the Layer 2 protocol of the platform, is progressing well. This advancement will allow users to transfer assets at a reduced gas cost, facilitating the completion of minor transactions through DApps supported by Shiba Inu.

Additionally, the team has enlisted new developers to enhance the platform's user interface and experience. ShibaSwap gathered close to $1 billion in locked assets in just one day, confirming SHIB's position as more than just a meme cryptocurrency. The collaboration between Shopping.io and Shiba Inu provided a further boost, as customers could utilize SHIB as a payment option on major retailers such as Walmart, Amazon, and eBay.

## Can Shiba Inu price 2024 touch $10?

The total supply refers to the number of coins that exist, excluding any that have been burned. This can be compared to the outstanding shares in the stock market. At the time of writing, there is a circulating supply of [0.549 trillion](https://coinmarketcap.com/currencies/shiba-inu/) coins, so if we think about a $10 price of these tokens, we are talking about a market cap of $5.49 trillion, which seems to be unattainable at this point.

## A Shiba Inu price 2024 of $10 seems unlikely.

As per [AMB CRYPTO](https://ambcrypto.com/predictions/shiba-inu-price-prediction-2024), the price of Shiba Inu in January 2024 is expected to fluctuate between $0.000027 and $0.000031, with an average price of approximately $0.000029.


green image of shiba inu coin on pile of cryptocurrency coins

Could Shiba Inu Price Reach $10 by 2024? 

Polkacity is a multi-chain [Metaverse game](/news/article/farming-games-in-metaverse) that allows players to generate a passive income by simply holding NFTs. In the virtual world blockchain game, players can own virtual locations and have a steady passive income. It's native token, POLC, price could be linked to game development.

Each location within the world has actual value in the form of an NFT, which generates income in the form of a POLC token.

## How does it work?

The workings of Polkacity are quite simple. Once registered as a valid player or member of the Polkacity community, you can start buying and investing in assets.

The virtual world has a GTA-esque vibe and operates on the same principle; players can own assets in the form of taxis, gas stations, energy stations, services, and so much more.

Once players pick their preferred asset, they are provided with a contract address. From there, they have to make a deposit to the contract address shared with them. Once payment is made, players can expect to receive payments every week in their wallets.

If you invest in assets like the hotel in the game, you can make big money. Once the game is fully functional, you can expect to receive more than 13,000 POLC tokens in a week with bigger assets.

To elaborate, Polkacity is a hub for investors. The Polkacity price will only increase as the game picks up pace and functions at full capacity. The team at Polkacity uses resources available within the Metaverse, such as DeFi and NFTs, to make it easier for private investors to get the assets they want. In other words, every community member can make a passive income by investing in assets that work best for them.

## How to play Polkacity

Anyone interested in playing Polkacity and being a part of the growing community can access the game through a mobile application or desktop. The game is available to play on both PC and Mac.

The game remains in its beta phase, so new additions and improvements are made daily. As the team at Polkacity works hard to add better controls, new city-wide features, and improved graphics, Polkacity price is expected to go up. On the other hand, players in the Metaverse can already move freely by car, on foot, and by other modes of transportation.
 
The [Polkacity token, POLC, stands at £0.03111](https://coinmarketcap.com/currencies/polkacity/). The token at the time of writing has a circulating supply of 83,414,352 and its market cap is at £1,771,886.60.


pink image of polkacity logo on image of pink city

Polkacity Price Could Rise as Updates Arrive 

Kiba Inu is not just a meme coin, as a first glance may lead the reader to suspect. Instead, it is a full-service blockchain project that features a decentralised exchange, a governance token (KIBA), and various other tools found within its network.

The project claims that it is committed to restoring the integrity of meme coins by building projects that add value to the ecosystem. 

This is a lofty idea, as several meme coins which spawned after the initial success of Shiba Inu were mere pump-and-dump projects that only made money for the creators and not for members of the ecosystem at large.

This project has an opportunity to benefit from some of the recent dysfunction in the crypto market created by the [collapse of centralised exchange FTX](/news/article/ftx-collapse-blockfi-suspend-withdrawals) and other lending projects that had hefty leveraged exposure to the exchange. Some have argued that the collapse of FTX has damaged confidence in centralised crypto exchanges. But this event inadvertently created a window of new opportunities for decentralised exchanges to grow their market. This is an opportunity that the Kiba Inu project can develop if it strikes the right chord with the market.

## Kiba Inu's story so far

As with several other meme coins, Kiba Inu debuted on several centralised and decentralised exchanges to much fanfare in May 2022. However, the crypto market was already in a full downtrend, and aside from the considerable surge seen on the listing day, the price of the token hit rock bottom soon after.

So hard was its fall that it met lows that took out listing lows. After hitting its lowest point in December, a month in which the token shed a further 33% of its November 2022 value, the token has benefitted from the brief resurgence seen in January 2023. The 75% gain seen so far has eclipsed the December 2022 highs, and the technical pattern on the long-term charts suggests that 2023 could be the year a gradual recovery starts.

## Where can you buy Kiba Inu tokens?

KIBA tokens are available on several centralised and decentralised exchanges. Decentralised exchanges that offer KIBA as a swap-enabled token include PancakeSwap, UniSwap, and Kiba Inu's DEX, Kiba Swap. You may also purchase the tokens using fiat currency on Flooz Trade or Fiatom. Gate.io, Hotbit, Digifinex, and Bitrue are centralised exchanges where you can purchase KIBA using Bitcoin, Ethereum, and stablecoins such as USDT or USDC. The Kiba Swap exchange is the primary decentralised exchange for obtaining the KIBA tokens.

## What activities are performed on Kiba Swap?

[Kiba Swap](https://kibainu.com/#/swap) is a decentralised exchange (DEX) that features a traditional swap exchange, a trade portal that offers traders the chance to trade with limit prices, and a cross-chain bridge that allows the transfer of tokens between different blockchain networks. Kiba Swap is a non-custodial exchange, meaning that users keep their tokens in wallets that are not warehoused on the exchange itself.

a) Swap portal
This traditional DEX allows owners of specific tokens to swap them for other tokens that share the same network. The standard base tokens on Kiba Swap are KIBA, Ethereum, USDC, USDT, DAI, WBTC, and WETH. These can be swapped with 1inch, AAVE, APE, AUDIO, AXS, BAND, CRV (Curve DAO), GALA, KNC, and other external tokens. You can also add external tokens by managing your token lists.

b) Trade portal
Kiba Swap's limit order trade portal offers crypto owners the opportunity to buy or sell their favourite cryptos at beneficial prices that are different from the market price. For instance, those selling their tokens can choose to do so at a higher price than the market price to get a better deal and potentially make more profits. Those who want to buy tokens can set lower prices for their entries to secure better pricing.

c) Crosschain bridge
What can you do with the cross-chain bridge? Various stablecoins (USDC, USDT, LUSD, DAI), FRAX, ETH, and STG can be moved from their parent networks to other networks. Featured networks include Ethereum, Arbitrum, Fantom, Avalanche, Polygon, and the Binance Chain. Kiba Swap currently does not have an active liquidity pool for crypto lending.

## Conclusion

The performance of the KIBA token in 2023 and beyond will be tied directly to the degree of success the Kiba Inu team has in onboarding new clients who will be active users of its Kiba Swap decentralised exchange.

The recent gains seen in the KIBA/USDT and other KIBA pairs are more of a market response to Bitcoin's latest move toward the $22,000 mark. If the KIBA token is to recover its 2022 listing highs, Kiba Swap needs to capture a significant chunk of the DEX market share currently controlled by Uniswap and PancakeSwap.


Kiba Inu: The Long Road to Recovery 

Before diving into the Polkadot price prediction for 2030, let's have an overview of the project.

Polkadot is a cryptocurrency that has gained significant attention in recent years due to its impressive performance in the market. Many investors are bullish on DOT and believe it has a bright future in the cryptocurrency market. 

Let's dive in and see what the project offers and what stays ahead in the market.

## Overview

Polkadot is a blockchain project founded in 2016 by [Ethereum](/news/article/ethereum-price-in-uk) co-founder Gavin Wood and developed by the Web3 Foundation's Parity Technologies. The project aims to incentivize a global network of computers to operate a blockchain, on top of which users can launch and operate their blockchains.

The network has several key elements that work together to allow for interoperability between blockchains and data sources. The main blockchain is called the relay chain, and there are also multiple user-created parallel chains called parachains. The network also has a connecting layer, the bridge, which enables the transfer of value and data between blockchains, including non-blockchain databases.

Unlike other similar projects, such as Ethereum, Cosmos, and EOSIO, Polkadot utilizes a unique protocol that connects a network of purpose-built blockchains through what it calls 'parachains'. This allows a high number of transactions to be conducted simultaneously and creates an open environment for innovation and collaboration through partnerships with other blockchain protocols.

Additionally, Polkadot's protocol allows blockchains to upgrade seamlessly without the need for forking, which can be time-consuming and divisive. This feature reduces the possibility of community splitting, token volatility, and administrative cleanup. Furthermore, it enables the development of parachains, allowing faster transactions and a more efficient and streamlined upgrading process.

## DOT - The native token

DOT is [Polkadot](/news/article/polkadot-price-uk) network's native token, serving three primary purposes:

1.	Governance: DOT holders can control the Polkadot protocol by voting on upgrades, transaction fees, and overall governance. Each vote's weight is determined by the number of tokens held and the time they have been locked in for voting.

2.	Staking: DOT holders can participate in securing the network by becoming validators or nominators. By doing so, validators mint new blocks, and nominators support validators; in return, they receive rewards in the form of DOT tokens.

3.	Parachain slot acquisition: The Polkadot network allows users to gain access to operate a blockchain on the network by leasing a parachain slot through an auction process. To lease a slot, a user must lock a specific amount of DOT tokens for a certain duration. During this period, the locked tokens will not be accessible and released once the lease has expired and the parachain is removed.

DOT is not an ERC-20 token and is not built on the Ethereum blockchain. The coin's total supply is not capped, like Ethereum, making it an inflationary cryptocurrency without a scarcity aspect. The smallest denomination of the coin is called a Planck, which is equal to 1,000,000,000,000 DOT.

## DOT - Current price analysis

The current value of Polkadot (DOT) is $6.31 and holds the #12 spot among all other cryptocurrencies. There is a total supply of 1,159,186,749 DOT in circulation, with a market capitalization of $7,291,883,031.

Over the past 24 hours, the coin's price has grown by 0.66%. Additionally, it has steadily increased over the past seven days, showing a growth of 7.87%. This has led to excitement among Polkadot investors regarding the potential investment returns.

In the last 30 days, the coin has experienced a 39.43% increase, rising from $4.52 to its current value and pushing its market capitalization to $7,291,883,031. It is recommended to wait for a bear market before investing in DOT. The price of DOT has increased by 7.72% in the past 90 days, adding $0.451941 to its previous value of $5.85.

## Polkadot price prediction 2030

This year, there are positive predictions in the market after the harsh crypto winter of 2022. DOT is a highly popular cryptocurrency with significant growth in recent years. It is expected to offer a high return on investment to its investors. Many investors are bullish on the coin and believe it has a bright future. 

Let's walk through the [Polkadot](/news/article/polkadot-ath-reached) price prediction for 2023-2030 and unveil the potential future value of the coin.

[Bitnation](https://bitnation.co/forecast/polkadot-new-price-prediction/) Polkadot price prediction 2023-2030 suggests that the maximum price for Polkadot could reach $11.35 as the market starts to recover. The minimum expected is $7.57, with an average of $9.46.

As the coin is expected to reach new highs in 2024, the maximum price could be $17.66, with an average price of $15.77. In the event of a bear market, the minimum price could drop to $13.87.

2025 is expected to boost crypto recognition all over the business sectors. With this impressive growth, the coin could reach as high as $23.96, averaging around $22.07. In a sell-off, the minimum price could be expected to fall to $20.18.

In 2026, with the continued growth of capital in the crypto market, the coin could reach a maximum of $30.27, averaging around $28.38. If a sell-off occurs, the minimum price will fall to $26.49.

Considering the adoption of the coin by countries worldwide in 2027, it is anticipated to reach a maximum price of $36.58, with an average price of $34.68 expected. In the event of a bearish market, the minimum could fall up to $32.79.

In 2028, investors could see DOT reaching a maximum price of $42.88, with an average of $40.99. In a bear market, the minimum price could reach $39.10.

2029 is expected to show another major bull, which means that Polkadot investors may see the coin achieve a maximum of $49.19. The average price is expected to reach $47.30. In the bearish market condition, the minimum is predicted to go to $45.40.

Based on market sentiment, the Polkadot price prediction 2030 is that the value of DOT will continue to rise with a potential maximum price of $55.49. However, if the market does not support this growth, the average could be around $53.60, with the minimum dropping to $51.71.

In contrast to Bitnation’s prediction, [Priceprediction](https://priceprediction.net/en/price-prediction/polkadot) has higher hopes from DOT. It suggests that the coin could reach a maximum of $135.67 by 2030, with an average of $118.10. In the worst case, it is expected to see a minimum of $114.12.

## Polkadot price prediction 2030 - Conclusion

Although these are just predictions made by Bitnation and Pricepredicton, based on experts and technical analysis, we can expect to see high-value ROI from DOT investments. 

Crypto is volatile, and I always suggest that you conduct a thorough market analysis before making investments.


green image of polkadot DOT token over image of crypto stock prices

Polkadot Price Prediction 2030

Ethereum PoW, or ETHW, is a hard fork of the Ethereum blockchain with "The Merge". But what is the prediction for the native token's price?

[Ethereum](/news/article/ethereum-price-in-uk) is a leading blockchain platform widely known for its native ether (ETH), the second-largest cryptocurrency in the market. It is a key player in the decentralised finance ([DeFi](/news/article/what-is-a-defi-token)) space, enabling users to create decentralised applications (DApps) with native tokens.

It was founded in 2013 by Vitalik Buterin, who pioneered smart contracts computer programs that automatically execute when certain conditions are met. These smart contracts have been beneficial for the Ethereum platform and have been adopted by many other blockchains. 

It previously operated on a Proof-of-Work (PoW) consensus mechanism, similar to [Bitcoin](/news/article/bitcoin-bull-or-bubble-debate). This relies on miners to solve complex mathematical equations to add blocks to the blockchain, earning rewards in return.

## Problems that led to the birth of Ethereum PoW(ETHW)

The PoW consensus mechanism used by [Ethereum](/news/article/why-is-ethereum-going-down) had two main drawbacks.

First, it required a vast amount of computing power, making it both costly and not very eco-friendly.

Second, the mechanism resulted in slower transaction speeds, leading to higher transaction costs, known as gas fees. Bitcoin did not face this issue as it only performs one function. With Ethereum's multiple functions, transactions on the blockchain were slower.

## The birth of Ethereum PoW (ETHW)

To address the challenges of PoW, Ethereum decided to adopt a Proof-of-Stake (PoS) consensus mechanism. Under this system, individuals are chosen to add blocks to the blockchain based on the amount of the native token they hold, in this case, Ether (ETH). This new mechanism requires less electricity, making it more environmentally friendly and appealing to investors. Additionally, it results in faster transactions and lower gas fees.

In December 2020, Ethereum announced that it would be transitioning to a PoS consensus mechanism, known as "[The Merge](/news/article/the-merge-ethereum-nft-impact)", which took place on 15 September, 2022. However, this transition harmed the blockchain's miners, as they were no longer needed and lost their supplemental income.

As a result, a group of anonymous miners established a version of Ethereum based on the original pre-Merge blockchain. This version is called Ethereum Proof-of-Work (ETH PoW). It allows people to continue earning rewards by adding blocks to the blockchain traditionally while utilising the same features as the original Ethereum. The mainnet of this Ethereum fork came online on 15 September, 2022, following The Merge.

Like any blockchain, Ethereum PoW has a native coin. ETHW is used to pay miners and can be bought, sold, or traded on cryptocurrency exchanges.

## ETHW price history

Ethereum Proof-of-Work (ETHW) was officially launched on 15 September, 2022, and reached an all-time high of $141.36 on CoinMarketCap on 8 August, 2022. The value dropped to below $100 the following day. The prices continued to decline over the next few weeks, and by the end of the month, the value of ETHW was $49.58.

As the Merge approached, the ETHW price peaked at $63.29 on 3 September, but fell to a low of $27.03 on 9 September. 

After the launch, there was some growth, and the coin reached a post-Merge high of $14.42 on 16 September. However, it faced a replay message attack which caused the price to drop to a post-Merge low of $4.22 on 19 September. The coin recovered and reached $13.78 on 24 September. It remained above $10 for the next week but fell again, reaching a low of $6.59 on 13 October before recovering to $7.66 the next day.

The collapse of the [FTX](/news/article/is-crypto-dead) exchange into bankruptcy had a negative impact on the market and ETHW, as the coin reached an all-time low of $3.13 on 22 November, with a small attempt at recovery in the following week. On 1 December, 2022, it was trading at $3.60 with a market cap of around $387.5 million, making it the 79th largest cryptocurrency.

## Ethereum PoW current price

As of the time of writing, Ethereum PoW is trading at USD 3.95 with a 24-hour trading volume of $1,83,52,256. 

Ethereum PoW is down 4.54% in the last 24 hours. It is ranked 83 on the CoinMarketCap with a market cap of $42,55,57,593, with a circulating supply of 10,78,18,999 ETHW coins.

## Ethereum PoW price prediction

Ethereum PoW price prediction by [DigitalCoinPrice](https://digitalcoinprice.com/forecast/ethereum-pow) suggests that the coin price could reach $9.05 in the current year and $10.69 the following year. The site predicts that by 2025, ETHW could be worth $14.81 before rising to $18.53 in 2027 and $22.51 in 2028. It also suggests that the coin could close the decade at $30.66, and in 2030 it predicts that it could trade at $42.71, with the potential to reach $59.23 in 2031.

[WalletInvestor's](https://walletinvestor.com/forecast/ethereumpow-prediction-data) Ethereum PoW price prediction for 2023 suggests it could face a challenging year. The site predicts that the coin's value could drop to a low of $0.277 by the start of December 2023.

It is essential to remember that the cryptocurrency markets are volatile, making it challenging to predict the price of a coin or token in a short period and even in the long term. If you are considering investing in crypto, we recommend conducting thorough research. Analyse the current market trends, news, technical and fundamental analysis, and expert opinion before making investment choices.


Ethereum PoW Price Prediction 

Atari token, or ATRI, is a decentralized cryptocurrency developed by Atari Chain, a subsidiary of Atari, the popular American game development company.

The token was designed to meet the needs of the interactive gaming industry. Its main goal is to become a universal means of payment for the video game industry, giving gaming developers and publishers more options for monetizing their products, integrating smart contracts, protecting in-game assets, and much more.

Atari token is currently being used to pay for goods and services in its ecosystem, earn rewards, and make stakes.

## Atari Chain

The company develops the tools for its ecosystem. So far, it has created several tools, including:

•	Portal: The portal allows users to interact with ATRI tokens and their ecosystem. Users can, for example, buy, exchange, withdraw, deposit, and stake their tokens from within the portal. The portal not only allows access to users' wallets, but also displays vital information like their transaction history.

•	Smart wallet: The wallet provides a place where users can securely store, manage, and exchange their crypto. It is a mobile wallet that works with a combination of off-chain and on-chain technology. The wallet also provides users with a place to store NFTs.

•	Decentralized exchange: The DEX allows users to swap between Ethereum, [Fantom](/news/article/fantom-crypto-undervalued), and ATRI tokens via the Metamask browser extension. While the selection of crypto assets is quite limited at the moment, there are plans to add additional asset support soon.

The gaming company is also in the DeFi space and Metaverse. Its official site features a DeFi interface that allows users to purchase and stake their tokens for staking rewards.

As for the Metaverse, it already has a theme park featuring a variety of its gaming experience in The Sandbox virtual world. In 2021 it also launched a casino within Decentraland, another popular virtual world.

## Atari token

It is an ERC-20 standard token based on the Ethereum network and also operates on the Fantom blockchain. It is currently worth $0.00218, according to [Coinmarketcap](https://coinmarketcap.com/currencies/atari-token/), and is the 990th largest cryptocurrency in the world with a live market cap of $4,886,062.

Like most cryptocurrencies, it has a max supply cap, which stands at 1,975,082,183 coins. There are currently 1,481,092,185 of them in public circulation.

For those interested in purchasing it, it is available on Pancakeswap, Uniswap, Hotbit, Bitbay, and its own DEX.

It is worth noting, however, that Atari token can't be bought directly with fiat currency. To purchase the coin, buyers must first buy other cryptos, like ETH or [BTC](/news/article/bitcoin-surge-hits-new-heights), from a crypto-to-fiat exchange, then move to a crypto-to-crypto exchange that lists the coins to purchase them.

## Is it a good investment?

There are a few reasons to consider Atari token as a good investment option. Firstly, it is backed by a reputable gaming company, which helps with its credibility. The coin is here to stay.

Secondly, its ecosystem keeps expanding, which can help with its price movement in the future. The more people start and continue using the coins, the higher the chances it might grow in price. The coin is already being used in the DeFi space and Metaverse.

Its parent company's numerous partnerships are another reason to have high hopes for the coin and consider it an investment option. So far, its parent company has partnered with the Litecoin Foundation, Game Taco, Rockstar Games, Enjin, Native Gaming, and Wax, to mention a few.

Several crypto prediction platforms also see ATRI as a good long-term investment option. It, therefore, might not be the best option if you are looking for quick profits.

According to Ambcrypto, ATRI might trade at an average price of $0.096 in 2023, $0.12 in 2024, $0.15 in 2025, and $0.19 in 2026. Cryptonewsz predicts the coin might hit a high of $0.0319 in 2023, close 2024 trading at $0.0342 per coin, and hit a maximum price level of $0.0446 by the end of 2025.

Most crypto prediction platforms agree that the coins might experience slight positive price movements. They also agree that it will be a long time before they start trading above $1. Some don't even see the coins trading above $1 by 2030 or 2031.

While the coins' current market price might deter some investors from investing, it does offer a good entry point into the crypto market for some beginners.

## Conclusion

ATRI stands out as a token looking to dominate the gaming industry. It might not be where it is supposed to be price-wise, but considering what its parent company is working on, based on its roadmap, the coin has the potential to become one of the most sought-after cryptocurrencies in the gaming space. There are many reasons to keep a close eye on Atari and its crypto.


green image of atari machine with Atari token logo overlayed

What is Atari Token?

Bitcoin has now completed its 11th straight day outside the "Fear" zone on the Crypto Fear and Greed Index, extending its longest stretch since late March. What is today's price?

## What is today's Bitcoin price?

Today's Bitcoin price reached $23,955, its highest level of the year. It has now dropped marginally to $23,687 as of this writing. Meanwhile, sentiment is solidly in the Greed zone, with a score of 61, its highest level since bull run peak on around 16 November, 2021, when it was about $65,000.

## Will the Bitcoin price last? 

Despite the coin's recent strong rebound, market players continue to discuss whether the current price rise is part of a [bull trap](https://seekingalpha.com/article/4573410-bitcoin-bull-trap-fully-loaded-technical-analysis) or whether there is a genuine opportunity for a [bull run.](/news/article/bitcoin-forecast-2023)

The current rise has brought many more holders back into the green. 64% of BTC investors are currently profiting, [according](https://app.intotheblock.com/coin/BTC) to statistics from the blockchain intelligence portal IntoTheBlock. According to on-chain analytics firm Glassnode, those who initially purchased BTC in 2019 are also back in profit. 

## What will be today's BTC price?

The average first-time purchase price for [BTC](/news/article/bitcoin-to-pounds) investors in 2019 was $21,800, implying that those investors are up nearly 9% at $23,687. 

Meanwhile, according to a [survey](https://twitter.com/coingecko/status/1619790705567895552) conducted on 29 January by crypto market platform CoinGecko, 57.7% of 3,725 respondents expect BTC will reach $25,000 this week, while just 21.2% believe BTC will fall below $22,000.

## Analyst views on BTC resurgence

Dr Jeff Ross, the founder and CEO of Vailshire Capital, also gave a technical analysis, predicting that a short-term spike toward $25,000 is possible. 

On 29 January, Blockware's head analyst Joe Burnett warned his 43,900 Twitter followers that BTC will not reach and surpass its all-time high of $69,000 until after the second halving event, which takes place in March 2024.

According to Lyn Alden, a macroeconomist and financial consultant, there may be significant danger ahead, with [potentially risky liquidity circumstances](https://www.coindesk.com/markets/2023/01/10/poor-bitcoin-market-liquidity-keeps-crypto-whales-at-bay/) predicted to jolt the market in the second half of 2023.


What is today's Bitcoin price?

To assess the future of cryptocurrency, we need to start by looking back.

Bitcoin and Ethereum have dropped more than 50% since their all-time highs in late 2021. While there were some modest gains in late 2022, the cryptocurrency market remains relatively stagnant. Some analysts believe cryptocurrency values might fall considerably further before seeing a lasting rebound.

According to a senior market analyst at brokerage firm [OANDA](https://www.oanda.com/group/news-analysis/meet-analysts/edward-moya/), the crypto market might yet undergo one more significant sell-off before it begins to rebound, with [Bitcoin](https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-price-predictions/) plummeting close to $10,000. According to crypto specialist Wendy O, Ethereum is at risk of falling as low as $750, a 50% drop from its current price.

"We're in a full-fledged bear market, not a bear cycle," says one analyst.

"Just because we're seeing some good pricing activity doesn't mean we're out of the woods," says another. "We're now trading around $1,500 for Ethereum, and to be very positive on Ethereum, it would need to see us break over $2,248. That is a 50% price increase."

Furthermore, crypto firms have laid off employees, halted withdrawals, and attempted to offset losses, increasing concerns about the industry's viability.

Terraform Labs went bankrupt in May, but the bear market has affected numerous companies since then. [Coinbase](https://blog.coinbase.com/a-message-from-coinbase-ceo-and-cofounder-brian-armstrong-578d76eedb12), the biggest cryptocurrency exchange in the United States, stated in June that it was laying off 18% of its workforce. This followed layoffs at other cryptocurrency firms, such as Gemini, BlockFi, and Crypto.com.

Due to "extreme market conditions", crypto bank Celsius unexpectedly ceased [withdrawals](https://blog.celsius.network/a-memo-to-the-celsius-community-59532a06ecc6) towards the end of 2022. The future of cryptocurrency hedge firm Three Arrows Capital was also thrown into doubt. When Bitcoin fell below $19,700, alarm bells rang. 

Crypto investors should invest between 2 and 5% of their net worth, according to Vrishin Subramaniam, founder and financial planner at [CapitalWe](https://www.capital-we.com/about).

"We often see 2 to 3% for most clientele who only watch crypto markets weekly", he added.

## Future of cryptocurrency regulation

Lawmakers in Washington DC and worldwide are debating how to create regulations and norms that would make cryptocurrencies safer for investors and less enticing to hackers.

Additional regulation may be the future of cryptocurrency. More regulation might lead to greater stability in the famously turbulent cryptocurrency sector. It could safeguard long-term investors, deter fraudulent conduct inside the crypto ecosystem, and give clear advice to allow enterprises to develop in the crypto economy, if there's a correct balance.

A recent Biden administration paper details potential laws that would increase regulation of the crypto sector. In recent months, US Fed Reserve Chairman Jerome Powell and [SEC](/news/article/sec-crypto-enforcement-warning) Chairman [Gary Gensler](/news/article/sec-crypto) have expressed concern about the absence of cryptocurrency regulation. 

Despite all the back-and-forth, a few critical themes on the issue of new US cryptocurrency legislation have emerged: preventing cryptocurrency crime and tax fraud, stablecoin regulation, and the possibility for investment vehicles such as crypto ETFs and other funds.

The decentralised nature of digital currencies, which, unlike traditional currencies, are not backed by any organisation or government authority, is a significant appeal for many crypto enthusiasts. However, regulatory guidelines can assist in protecting investors.

"As much as I admire the decentralisation and absence of government involvement, I am pleased they are paying attention since there are many scams with cryptocurrency", says Kiana Danial, author of Cryptocurrency Investing for Dummies.

One potential provision would broaden the definition of a brokerage firm to include entities that handle digital asset trading, such as cryptocurrency exchanges. This move would imply higher tax reporting duty to assist the IRS in tracking crypto tax evasion. 

Furthermore, [Gensler has stated](https://www.sec.gov/news/public-statement/gensler-aspen-security-forum-2021-08-03) that stronger legislation is needed to help avoid future ransomware attacks like the one that took down the [Colonial Pipeline](https://www.nytimes.com/2021/05/08/us/politics/cyberattack-colonial-pipeline.html) in May 2021. The pipeline assault was one of several high-profile examples of hackers demanding [Bitcoin ransoms](https://www.npr.org/2021/06/10/1004874311/how-bitcoin-has-fueled-ransomware-attacks).

While Gensler did not specify how the SEC planned to assist in prosecuting these offences, he did state that the agency will continue to use its full authority. The SEC will continue to push its authority as far as it can, Gensler said at the [Aspen Security Forum](https://www.aspensecurityforum.org/) in Colorado. According to a recent US Treasury assessment, cryptocurrency "poses a serious detection difficulty by promoting illicit conduct, including tax evasion".

## Future of cryptocurrency: Stablecoin regulations

The ease with which stablecoins may be exchanged, along with their stable value, has figures like Yellen and Gensler concerned that they pose threats to the financial system and economy. As a result, they must regulate.

Stablecoins, which act as a bridge between cryptos on various blockchains, might make it easier and cheaper to perform trades on an exchange without using fiat currency. Stablecoins are tied to other assets, often less volatile than cryptocurrencies, such as fiat currency or precious metals, and may price them similarly. 

Therefore, the coins are more "stable" than other cryptos, whose values fluctuate with the markets.

Assisting in reducing or eliminating potential transaction costs since certain exchanges prefer trading from stablecoins to other cryptos over trades from a dollar-based bank account. Many exchanges, like Coinbase, do not charge fees when converting US dollars for USD Coins, which are used to purchase other cryptocurrencies.

According to a [recent study](https://home.treasury.gov/news/press-releases/jy0454) from the Federal Deposit Insurance Corporation, the Working Group on Financial Markets, and the Office of the Comptroller of the Currency, some stablecoins' purpose is to circumvent money-laundering laws or even finance rogue states or terrorists. This has grown even more prominent in policymakers' minds in the aftermath of Russia's invasion of Ukraine, with the possibility that Russia may utilise cryptocurrency to avoid sanctions.

However, there are fears that stablecoins would weaken established US banking institutions, causing financial system difficulties. In other words, the more stablecoins used by investors, the more likely any problems with them would damage the economy. According to White, systemic risks frighten regulators the more, which is why stablecoins are at the tip of the regulatory spear. For example, if you purchased $1,000 worth of stablecoins to decrease or eliminate costs on your cryptocurrency trades, but the stablecoin collapsed before you could utilise it, you'd be down $1,000.


blue image of man trading on ipad in futuristic landscape

What is the future of cryptocurrency?

Since its inception in 2016, Cronos crypto (CRO), developed by CRO Protocol Labs - Crypto.com, has aimed to provide a seamless cryptocurrency experience. Fueled by this goal, it has seen mass adoption around the globe. Cronos' rising curve has seen a steep acceleration and does not seem to slow down.

## What is Cronos crypto?

Cronos is a unique next-generation public blockchain created for buyers and sellers. It enables them to use and receive cryptocurrency easily while paying attention to privacy and security.

Crypto.com aims to put cryptocurrency in every wallet. The company takes a special interest in assets that increase value. This particular interest has propelled them to develop several investment opportunities that include:

•	A staking platform for CRO and NFTs.

•	Visa cards with cashback features.

•	DeFi protocols that pay interest.

•	Swaps and farming.

•	Other investment opportunities offering more than 14.5% interest.

## What is a CRO Token?

CRO (CRO-USD) is the native token for [Crypto.com](https://crypto.com/). Initially, it was known as Monaco (MCO), but was rebranded to CRO, matching its exchange, Crypto.com. It was an ERC-20, Ethereum-based token that was migrated to the Cronos blockchain ecosystem, launched in February 2022. The CRO token provides crypto-tied benefits, including buying and selling fiat currency, debit cards, trading, borrowing, and lending.

The total supply for CRO totals 30 billion. This is after the burning of 70 billion CRO tokens, the biggest crypto burning in history, which shocked the globe. The remaining 10.4% billion are secured by smart contracts to be burned monthly upon unlock.

The CRO supply is allocated as follows; 20% reserved as capital, 20% for the network's incentives, 10% for community development, 20% for frozen ecosystem grants, and 30% to be released within five years for secondary distribution alongside launching incentives.

You can use the Cronos crypto as an intermediary currency and to convert crypto to fiat and vice versa at affordable rates.

## How to buy Cronos crypto

The best platform to buy CRO is Crypto.com. However, CRO is not limited to its exchange but is also available on other popular exchanges like Huobi, Kukoin, and [Binance](/news/article/python-get-crypto-prices-binance). Here are the steps to follow to buy CRO:

1.	Select your preferred exchange – Ensure your exchange has listed Cronos. Look at the gas fee and ensure they suit your needs. Check to ensure that the exchange has an integrated wallet.

2.	Choose a payment method – After settling on a particular exchange platform, pick the best payment medium. Remember to check for associated fees. Issuers are fond of treating cryptocurrency purchases like cash advances that incur fees upon initiating transactions.

3.	Place your order – If you have already funded your account on the preferred exchange, you can now navigate to the Cronos CRO page. Select the amount you wish to invest on this page and press enter to continue.

4.	Choose your storage – While many exchanges come with integrated wallets, you can still store your CRO in an alternative wallet. You can choose between the "hot" wallet online or the "cold" offline wallet.

## The CRO price prognosis

Currently, the price for CRO is at $0.08074, ranking it as the 33rd cryptocurrency (26th January). In circulation, CRO supply sums 25,263,013 692 having a market capitalization of $1,579,112.361.
From the Energy Web Token (EWT) perspective, CRO has already hit its maximum retracement targets. A reversal is expected soon.
CRO has multiple utilities and thus offers high hopes for investing in it.

In 2023, according to our analysis, expect the price to range between $0.71 and $1.07. The average price should be $0.89. 

Moving forward to 2024, you can expect prices between $0.9 and $1.36, with an average price of $1.13. In 2025, the price could range between $1.15 and $1.73, averaging $.144. The 2026 expectations lie between $.146 and $2.20 and an average price of $1,86.

This is an optimistically smooth appreciation curve for long-term investors. However, remember that it is all based on its ongoing developments and social sentiment from the online community.

## Wrap up

Cronos crypto is still in its infancy. Having performed well last year and proven to have invested in interesting developments like credit cards, NFT staking platform, and DeFi passive earning schemes. 

CRO is likely to go up, but could just as easily go down. Crypto is volatile. Deep research of a specific cryptocurrency is needed before investing.


navy and green image of hexagon pattern with cronos crypto hexagon logo in centre

Cronos Crypto Price Prediction

## Jim Cramer suggests investors ignore Bitcoin hype

Jim Cramer, the host of CNBC's Mad Money, [recently advised](https://www.cnbc.com/2023/01/23/jim-cramer-why-investors-should-ignore-crypto-and-stick-with-gold.html) investors to exercise caution when investing in cryptocurrencies.

###Jim Cramer suggestion to investors

Despite the [recent gains in Bitcoin's value](/news/article/bitcoin-bull-or-bubble-debate), Cramer suggests that investors should consider investing in gold instead. 

Bitcoin continued to rise in value on Monday, reaching a high of $23,155.93 as investors bet the Federal Reserve will slow or halt interest rate cuts.

According to Coin Metrics, the digital currency's price rose to $23,333.83 on Saturday for the first time since August. The coin has risen nearly 39% since the beginning of the month.

![graph](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_24_at_11_41_30_289ce18657.webp)

Cramer said the charts indicate investors "need to ignore the crypto cheerleaders" following Bitcoin's resurgence. If you want "a real hedge against inflation or economic chaos", choose gold, he added.
 
The basis for his advice is the analysis by Carley Garner, a senior commodity market strategist and broker at DeCarley Trading. The study compares the daily chart of Bitcoin futures to that of the tech-heavy Nasdaq-100 since March 2021.

It is observed that [Bitcoin](/news/article/scaramucci-bitcoin-price-prediction) and other cryptos are almost trading in lockstep, suggesting they are risky assets rather than a currency or a stable store of value. Furthermore, the advice is that given the volatility of Facebook and Google shares, it would be unwise for business owners to try to conduct transactions with them, and the same goes for Bitcoin.

According to Cramer, "counterparty risk", which is the possibility that the other party in an investment or transaction might not uphold their end of the deal, is why they trade so closely.

He said that although counterparty risk can be avoided by storing Bitcoin in a decentralised wallet, as it is used for trading, the risk will return. Pointing to [FTX](/news/article/ftx-us-reports-415-million-hacked) collapse, he firmly suggests gold should be the potential investment.


Jim Cramer Says Ignore the Bitcoin Hype

The Ether price in British pounds plummeted in November, with Trading View charts showing the ETH price at less than £1,100 on 11 November and failing to rise to the level again.

Ethereum tops the list of altcoins among traders and investors. It is the most well-known altcoin and, to many investors and enthusiasts, much more than just another cryptocurrency.

Currently, the ETH price is £1,575.97, slightly higher than the opening price of this week, £1,552.52. During an entire week, Ether's price moved between a maximum of £1,063.22 on 5 December to a lowest of £1,000.01 on 7 December.

![ether.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/ether_d1e3f1abb5.png)
  
Source: Tradingview.com

The Ether price pounds value rallied 19.74% from £907 on 22 November to £1,086 on 30 November before falling -7.20%. The resistance level at £1,086 has been keeping up for a month, which is the likely cause of the correction to £1,000.01 on 7 December. On the other hand, traders are happy that the ETH is now trading 15% above its low on 22 November.

The market is already in winter, and the fall of FTX worsened the mood of traders. However, two other events pushed the waves higher and broke traders' confidence. A [tweet by Elon musk asking SBF where did the money go](/news/article/elon-musk-tweets-where-did-money-go) acted as a stone to break the beaker.

Plus, three US Senators wrote to [Silvergate Bank asking for information regarding the bank's involvement with FTX](https://cointelegraph.com/news/us-lawmakers-request-answers-from-silvergate-over-ties-to-ftx-report). Lawmakers are trying to find out legislative or regulatory solutions to prevent a similar occurrence in the future. 

Following "reports suggesting that Silvergate enabled the transfer of FTX client cash to Alameda", the lawmakers asked inquiries. They gave the bank until 19 December to respond.

NBC News, on 5 December, reported that Silvergate is claiming not to be involved in FTX and Alameda Research's apparent misuse of customer funds. However, according to 6 December news, the three Senators, Elizabeth Warren, John Kennedy, and Roger Marshall, sent a letter to Silvergate CEO Alan Lane. It asked the bank to provide details on its connection with FTX regarding the allegations and queries around its name.

It is still unclear what the long-term consequences of FTX's collapse will be, as the latest wave of bankruptcy cases poses a risk of extending the present cryptocurrency bear market. Keeping these things in mind, investors are forced to think that the crypto meltdown will likely go deeper because of such frequent negative events happening in the market.

The FTX collapse has had an influence on the course of the regulatory regime in the United Kingdom. The planned revisions would make it possible for the Financial Conduct Authority (FCA) to keep an eye on the regional operations of the crypto businesses.

In this bearish scenario, investors fear Ether could lose the £1,000 support. It's important to note that making a firm call for the Ether price pounds value is challenging. Some predict that Ether could be in for a crash this year, with its value dropping as low as £750. Crypto market analysts expect ETH to drop as much as 80% from its all-time high of £3,560, leading it to around the said support level.

## Final words

A positive aspect of the network, when considering the Ether price pounds value, is that Ethereum has more than a 90% share of the NFT market.

It is hoped that the first smart contract blockchain will survive this period of instability.


green image of British flag and GBP with ETH logo in centre

Ether Price in Pounds: Unable to Reach £1,100

The cryptocurrency market has experienced massive growth and sharp declines in the past two years. Total crypto market capitalization rose by 283% from $782 billion on 1 January, 2021 to $3 trillion on 10 November, 2021. Since that day, the market cap of the entire crypto market has plunged by 72% to around $815 billion on 9 December, 2022.

While the massive growth was attributed to a significant rise in institutional adoption of cryptocurrencies as a method of payment and an investment instrument, most of the decline has been attributed to waning interests by crypto enthusiasts, global macroeconomic instability, and the collapse of popular crypto projects.

In December 2017, when BTC reached a peak of $20,000 (resulting in a bear market through 2018 and 2019), many analysts predicted the end of Bitcoin and the entire decentralized finance market. Most market analysts affirmed their positions on the future of crypto in the next 5 years when the financial markets (centralized and decentralized) plummeted to all-time lows during the peak of the coronavirus pandemic in March and April 2020. 

Despite their forecasts, BTC and [Ethereum](/news/article/neo-network-china-ethereum) (ETH) weathered the storm and exchanged hands for more than $60,000 and $4,000, respectively, in November 2021.

Five years on from BTCs peak in 2017, some analysts believe crypto could rise to the moon and recover. Others believe the crypto market could stabilize, while the naysayers think the next five years look like a bad period for the future of crypto, which could see it crash and burn. Skeptics should know that the era where demand and supply determined the price of cryptocurrencies is over. Whether crypto will boom or go bust in 2023 and beyond depends on regulation in the United States and abroad, the rise in the demand for crypto-tied exchange-traded funds (ETFs), and the mass adoption of cryptocurrency as a method of payment and an investment asset by individuals and mainstream companies.  

## Government regulation could brighten the future of crypto in the next 5 years

Despite the potential of decentralized lending platforms, which give users above-average minimum annual percentage yields (APYs) of 5%, billions of people have stayed away from many decentralized applications (Dapps).

Aside from the two most popular cryptocurrencies in the form of BTC and ETH, other digital assets like Shiba Inu (SHIB), Dogecoin (DOGE), and SafeMoon (SAFEMOON) have brought more than 10,000% gains to investors in a short period. Despite the quick earnings in less than one year, billions of potential investors have stayed away from investing in cryptocurrencies and using Dapps to earn a consistent passive income because they are unregulated by institutions they trust.

According to a June 2022 study by [The Ascent](https://www.fool.com/the-ascent/research/study-americans-cryptocurrency/), which is part of the Motley Fool, around 46.5 million Americans who have never engaged with any cryptocurrency said they are considering becoming crypto owners in 2023. 

The same study said that more than half of Americans surveyed who have never owned cryptocurrency said they would consider purchasing the new asset class if they could store their coins and tokens in their primary bank.

More importantly, around 50% of Americans believe crypto should be regulated.

The United Kingdom’s top regulator, the [Financial Conduct Authority](/news/article/ftx-uk-warning) (FCA), revealed its [crypto asset consumer research for 2021](https://www.fca.org.uk/publications/research/research-note-cryptoasset-consumer-research-2021), and findings showed the need for regulation. 

Many residents said they have heard about stablecoins, especially the United States Dollar Tether (USDT) and the United States Dollar Coin (USDC). Stablecoins are cryptocurrencies pegged to fiat currencies such as the USD, Euro (EUR), or Great Britain Pound (GBP). 

Around 59% of people surveyed said they stored their digital assets on the cryptocurrency exchange from which they purchased. About 24% made it known that they have zoomed into self-custody and, as a result, store their coins in digital [wallets](/news/article/tony-fadell-launches-crypto-wallet). Some pointed out that they have opted for hardware wallets due to their traits of being offline and not in the reach of cybercriminals who spread malware to compromise wallets and make off with billions of dollars in stolen crypto.

Bitcoin was the most popular coin, followed by Ethereum, Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH).
The FCA’s concern was that ownership had risen significantly from 1.9 million in 2020 to 2.3 million in 2021. 

According to the [FCA](/news/article/uk-crypto-license), many investors mistakenly believe that the cryptocurrencies they engage with have regulatory protection, which they don't. Due to a lack of regulation, about 43% of people surveyed said they were discouraged from buying crypto due to the consumer warnings on the FCA's website. Mistaken beliefs and a lack of understanding about an industry that continues to experience billions of dollars in losses are the reasons why crypto should be regulated.

## The future of crypto in the next 5 years

Chris Oldfield, the co-founder of Fitburn, told Moni Talks:
"Predicting the future of crypto in the next 5 years is hardly possible. However, we can look at it from different perspectives, investors, companies, and banks. From an investor's perspective, crypto is the only way to own an uncontrollable asset in many countries around the world.

This applies to both buying and selling. Investors still have the opportunity to get in early enough to position themselves well and earn high returns over time, contrary to previous asset levels.

"This also applies to day traders, who find a very young and strongly fluctuating market. Companies can quickly and easily digitize their business through the smart implementation of blockchain technology and build a fiat-independent trading business through cryptocurrencies with various partners worldwide."

Without regulation, millions continue to pour billions of dollars into the crypto industry. Regulations will give investors protection, which could motivate new investors to get involved with the new asset class and keep it alive.

"In general, I am very optimistic about the future of crypto, although we should keep an eye on regulations imposed by countries. Especially macroeconomically, crypto is volatile and can quickly be shaken by new laws and regulations. All in all, it will still take some time and some ups and downs until cryptocurrencies shape our everyday lives," Oldfield added.

Aside from government regulation, other industry-wide factors could influence the future of cryptocurrency in the next 5 years. 

## The impact of alternative blockchains is essential to the future of crypto in the next 5 years

The Proof-of-Work (PoW) blockchain had environmental concerns due to its high carbon emissions. Proof of the impact of PoW chains can be attributed to the use of the most popular cryptocurrency, Bitcoin.

Due to the power needed by BTC, it has been estimated that the first cryptocurrency creates more climate damage than global beef production.

Such environmental concern is why [Tesla](https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html#:~:text=Tesla%20announced%20Monday%20it%20has,maximize%20returns%20on%20our%20cash.%E2%80%9D) and Wikipedia broke their relationships with BTC after announcing the cryptocurrency as a payment method earlier.

Stakeholders of the crypto industry have not overlooked the adverse effects of PoW. This is why many developers have jumped into Proof-of-Stake (PoS) blockchains.

Ethereum has embraced PoS in its transition from PoW in September 2022 and other blockchains, such as Solana, Avalanche, TRON, Algorand, and Binance Smart Chain. Its introduction has made it easy for networks to process thousands of transactions every second while maintaining security.

PoS blockchains do not rely on application-specific integrated circuits (ASICs) but instead rely on Central Processing Units (CPUs) and Graphic Processing Units (GPUs) powering desktops and laptops to validate transactions.

This has led to a substantial reduction in high energy consumption, with most PoS chains tagging themselves as zero-carbon technologies.

Many reports point to the fact that an improvement in transaction validation could be a primary factor in the future of crypto in the next 5 years. This is because decentralized finance applications and non-fungible tokens (NFT) can be used with their transactions processed without any security problems or network congestion.

"As a blockchain is a great tool for transactions traceability and transparency, and smart contracts play an important and reliable role in securing transactions in a very cost-efficient way, eliminating mediators, most likely that crypto will replace a huge part of the traditional fiat transactions.

"On the other hand, the crypto ecosystem is moving forward, developing amazing monitoring and tracing tools that enable the regulators and community to identify suspicious transactions, wallets, and projects. This will lead to purity and maturity to minimize scams, hence big adoption in various businesses," Mohammed AlKaff AlHashmi, co-founder and Chief Brand Officer (CBO) at Islamic Coin, told MoniTalks.

## Broader institutional adoption could create a great path for crypto

The market capitalization of crypto reached a peak of $3 trillion because of institutional adoption. Three of the institutions that took the market to such heights were Tesla Inc., Grayscale, and MicroStrategy. 

In February 2021, Tesla announced that it had purchased $1.5 billion in BTC. Bitcoin reached a then peak of [$58,330.57](https://coinmarketcap.com/currencies/bitcoin/historical-data/) on the back of the purchase on 21 February, 2021.

As of September 2022, MicroStrategy’s total BTC holdings were 130,000, up 42% from March 2021’s total holdings of 91,064 BTC. Co-founder of MicroStrategy Michel Saylor has been a huge proponent of BTC since his firm began investing in BTC as far back as August 2020, when 21,454 BTC were purchased for $250 million. 

[Grayscale Investments](https://grayscale.com/) is the largest digital asset management company in the world. The firm launched Grayscale Bitcoin Trust in September 2013 and followed this up with Grayscale Ethereum Trust in December 2017. Due to the success of BTC and ETH Trusts, Grayscale followed up with Trusts for [Filecoin](https://grayscale.com/products/grayscale-filecoin-trust/) in March 2021, [Solana](https://grayscale.com/products/grayscale-solana-trust/) in November 2021, [Decentraland](https://grayscale.com/products/grayscale-decentraland-trust/) in February 2021, [Chainlink](https://grayscale.com/products/grayscale-chainlink-trust/) in February 2021, [Livepeer](https://grayscale.com/products/grayscale-livepeer-trust/) in March 2021, and [Basic Attention Token](https://grayscale.com/products/grayscale-basic-attention-token-trust/) in February 2021. 

Despite the plunge in market prices, Grayscale remains unshaken and continues to maintain the Trusts.

A repeat of the investments made by these companies in the future could keep the crypto industry alive for many years. 
Aside from making direct investments in crypto, the adoption of crypto trading by mainstream companies can also bode well for the future of crypto. 

On 1 November 2022, [MoneyGram](https://ir.moneygram.com/news-releases/news-release-details/moneygram-introduces-new-crypto-service-enabling-customers-buy), a cross-border payment company, announced the launch of what it called a new crypto service that enables its customers to buy, hold, and sell cryptocurrency via its MoneyGram App. This saw MoneyGram join other financial services firms like PayPal Inc. and Skrill (from PaySafe Group, which also includes Neteller) in allowing their customers to buy, store, and sell cryptocurrencies on its platform. 

MoneyGram is one of the biggest names in cross-border payments. If more companies join in offering crypto services to millions of their customers, this could positively impact the fortunes of crypto in the future.

## Acceptance of ETF vital to the future of crypto

In centralized finance, an exchange-traded fund (ETF) comprises a basket of securities bought and sold via a stock exchange or a brokerage firm. Since BTC is the first and most popular cryptocurrency, ETFs backed by the cryptocurrency have been trending over the past few years.

 Bitcoin ETFs are pools of BTC-related assets offered on trading exchanges by brokerages to be traded as ETFs. The purpose of BTC ETFs and other crypto-backed EFTs that will be joining the industry is to give retail investors and other investors who are not comfortable with investing in cryptocurrencies access to digital assets without actually owning them. 

Some of the best Bitcoin ETFs as of December 2022 are ProShares Bitcoin Strategy ETF (BITO), Valkyrie Bitcoin Strategy ETF (BTF), VanEck Bitcoin Strategy ETF (XBTF), AdvisorShares Managed Bitcoin Strategy ETF (CRYP), Global X Blockchain & Bitcoin Strategy ETF (BITS), and ProShares Short Bitcoin ETF (BITI). 

## Crypto investor and community support essential

Despite the need for regulation, the use of PoS blockchains, mainstream adoption by major corporations, and crypto-backed ETFs, the future of crypto in the next 5 years still depends on crypto investors and the crypto community.

Without the community, the crypto industry wouldn’t have survived into its 13th year. While many naysayers have predicted doom for the crypto sector, some industry experts remain optimistic about the future of crypto. One of them is Slava Demchuk, co-founder of AMLBot, founder of the AMLSafe app, and CEO of PureFi. 

He told MoniTalks: "The cryptocurrency ecosystem is developing rapidly, with growing investor interest and increasing transparency of crypto issuers and intermediaries. 

The convenience, speed, and security of cryptocurrency payments will continue to improve gradually. Due to the formation of a legal framework, comprehensive regulation, and oversight, cryptocurrencies will have a clear legal status, and market participants will have the right to legally conduct business and protect their interests. Most likely, all these developments will contribute to the spread of payments in cryptocurrencies, and their share in people's savings and investment portfolios will increase. 

Exchanges will de facto turn into brokers and send information about their trading activities to the tax authorities at the place of the user's tax residency. 

Cryptocurrency will get its own tax status and method of accounting and valuation. Higher transparency of the cryptosphere will lead to the situation when it will be almost impossible to use dirty crypto anywhere."

Despite the positives, crypto still faces an uncertain future and needs to tackle its cybercriminals' problems as well as find an answer to its emerging competitor in central bank digital currencies (CBDCs). 

## The future of crypto in the next 5 years looks uncertain

While many believe crypto is the future of money, the emergence of national digital currencies could end this narrative. 

China banned banks from interacting with cryptocurrencies in 2013 and followed this up with the banning of initial coin offerings (a way of raising funds to support crypto projects just like what is done in the stock market called initial public offering) in 2017. The country’s attention turned to crypto mining in 2019, and in May 2021, China banned crypto and mining. 

As a major power of the 21st century, China took the lead by launching the digital Yuan (e-CNY) in 2021, and millions of Chinese are using the national digital currency. 

According to the People’s Bank of China (PBOC), the e-CNY app had around 261 million users as of the end of 2021 and has been involved in more than 360 million transactions worth over $14 billion. The digital Yuan is available to residents in 23 cities across the country. 

China’s lead in CBDC has been embraced by other countries such as The Bahamas and Sweden. The [Dominican Republic](https://newsdirect.com/news/dominica-selects-tron-as-its-national-blockchain-to-issue-the-countrys-official-coin-607432614) announced in October 2022 that it had selected TRON as its national blockchain as it plans to issue its first official coin, Dominica Coin (DMC).

In November 2022, the Federal Reserve of the state of New York launched a digital dollar pilot program with nine financial institutions, which included Mastercard, Wells Fargo, and Citibank, to test the utility of a digital dollar using distributed ledger technology (DLT). Millions of Americans and billions worldwide are also concerned about crypto scams.

If cybercriminals continue to have their way due to a lack of regulation, crypto could crash and burn in the future.



bue image of man walking in futureistic city with bitcoins falling from sky

The Future of Crypto in the Next 5 Years 

Hopes for a cryptocurrency market recovery have created a bullish Bitcoin price prediction for 2025.

In 2022, the cryptocurrency market experienced a significant decline in value, losing around $1.4 trillion. The industry was plagued by liquidity problems and several bankruptcies, culminating in [the failure of the exchange FTX](/news/article/is-crypto-dead).

However, according to Anthony Scaramucci, 2023 will be a year of recovery for Bitcoin. He predicts it could reach $50,000 to $100,000 within the next two to three years. He also emphasized that investing in Bitcoin involves taking on risk, but as we have faith in its increasing adoption, we could see things going the right way.

## Why are experts expecting a bull run in 2024-2025?

Interviews with industry experts by [CNBC revealed](https://www.cnbc.com/2023/01/16/bitcoin-price-prediction-2023-investors-see-12000-to-30000.html) that the crypto market goes through regular cycles every four years. These cycles involve the cryptocurrency reaching an all-time high, followed by a significant correction and a period of recovery. The key event that precedes these cycles is known as "halving," where the rewards for mining Bitcoin are cut in half.

This slows down the supply of Bitcoin in the market, as there will only ever be a maximum of 21 million in circulation. Halving events, historically, have been followed by a bullish market trend, with the next halving set to occur in 2024. And for that reason, when we see a Bitcoin price prediction 2025, we tend to have a [bullish outlook](/news/article/will-bitcoin-go-back-up).

Nevertheless, Meltem Demirors cautioned that the events of 2022 have inflicted severe harm to the reputation of the cryptocurrency industry and the asset class as a whole. He said it would require some time for trust to be restored.

## Other factors that could influence Bitcoin pricing

As well as watching the cryptocurrency market, it is worth paying attention to the broader economic situation. We have already seen a strong correlation between crypto and risk-oriented assets such as stocks, specifically the technology-heavy Nasdaq. These assets are impacted by fluctuations in interest rates determined by the Federal Reserve and other macroeconomic factors.

Last year, the Federal Reserve's attempts to decrease inflation by raising interest rates resulted in negative effects on risk assets.

green image of anthony Scaramucci pointing at falling bitcoins

Bitcoin price prediction 2025: Scaramucci's view

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?

Luna Classic (LUNC), formerly Terra Luna (LUNA), was given a new name after a disastrous crash. After the collapse, Luna Classic news said the recovery procedure would be carried out to create a new chain supporting future transactions.

Terra Classic (LUNC) created the stablecoin TerraUSD by destroying LUNA with the help of smart contracts. 

TerraUSD's price was fixed to the US dollar for 18 months before being unpegged to retain its value against it.

This unpegging resulted in the death of TerraUSD and the LUNA coin. To validate transactions, the new LUNA will employ the Proof-of-Stake mechanism, which can also be used for passive revenue. The project has a total supply of 6.88 trillion coins, and the price reached an all-time high of $119.18 in April 2022.

## Luna Classic news and Do Kwon

In recent Luna Classic news, it was reported that South Korea was attempting to revoke Kwon's passport, which might compel him to return home. According to [Bloomberg's](https://www.bloomberg.com/news/articles/2022-10-06/crypto-fugitive-do-kwon-is-set-to-lose-his-south-korean-passport) Luna Classic news, a request has been made to the country's Foreign Ministry to cancel the travel passport. A warrant for his arrest and those of other members has already been issued.

According to Yonhap News, Seoul Southern District Court Chief Warrant Judge Hong Jin-Pyo has cancelled the arrest warrant for Terraform Labs co-founder Shin Hyun-Seong and other Kwon partners. The judge found "minimal chance" that Shin or Terra associates would destroy evidence connected to the crypto firm's claims.

The announcement is a relief to Terra Luna Classic investors, who had been worried about the implications of the arrest warrants on the cryptocurrency corporation and its price.

According to the report, Terra co-founder Do Kwon is unlikely to return to South Korea due to ongoing legal processes.

Even though many [cryptocurrency](/news/article/cryptocurrency-crash) investors blame Kwon for their losses and the current bear market, he has remained socially engaged after Terra's collapse. In September, the Terra co-founder declared that he was "making zero attempts to hide" from the police.

He even participated in a live webcast with the infamous hedge fund manager and pharmaceutical executive Martin Shkreli. They discussed FTX and Shkreli's time in prison.

[Terra Classic (LUNC)](/news/article/terra-luna-classic) had a modest price boost due to this being regarded as a good occurrence for LUNC investors.

## Price analysis

The LUNA Classic (LUNC) price has increased in the previous 24 hours. During that period, the altcoin's price increased by 0.47%. Much of the weekly gains have been erased due to daily chart losses.

With the demise of [FTX](/news/article/ftx-uk-warning), LUNC has been teetering on the brink of a negative trend for some time. The coin lost more than 10% of its market value in November. LUNC is currently displaying consolidation beneath its immediate resistance mark.

There is a new update on the development front - the first look at TerraDart's new Alpha bundle. TerraDart is a Dart SDK used for developing applications that connect with the Terra blockchain, which has released a new package named Alpha. The Alpha package has been made available in Flutter and Dart environments to interface with the LUNC blockchain.

## LUNC's 2025 forecast

According to Telegaon, the lowest and maximum LUNC pricing in 2025 will be $0.0089 and $0.028, respectively.

Other analysts believe that LUNC's average price in the coming year will be $0.015, based on its recent performance.

Coinpedia, on the other hand, is less hopeful about the future of Luna Classic. In 2025, LUNC is expected to trade at a high of $0.002846 and a low of $0.001094. It will cost $0.001776 on average in that year.

## LUNC's 2030 forecast

Telegaon remains confident about the prospects of LUNC in 2030 as well. It forecasted that LUNC would trade as high as $5.23 and as low as $1.93 in 2030, with an average price of $3.11.

LUNC's price, on the other hand, is expected to oscillate between $0.002603 and $0.002834 in 2030, according to Bitcoin Wisdom. According to the forecast, its average price in the given year will be $0.002719.

## Technical analysis

In November, the coin demonstrated a positive divergence, following which the price of LUNC increased somewhat. 

Despite this, the bulls were unable to increase their strength. The Relative Strength Index was nearing 40, indicating that the coin was approaching the oversold zone.

Likewise, the LUNC price was lower than the 20-Simple Moving Average line, indicating a lack of demand. The reading also suggests that sellers were driving the market's price momentum.

The Chaikin Money Flow model represents capital inflows and outflows at a certain time. The indicator was below the half-line, indicating that capital inflows were modest. Regarding purchasing power, capital inflows have also decreased due to a lack of investor interest.

The Directional Movement Index displays the asset's overall price direction and trend. DMI was negative because the -DI (orange) line was higher than the +DI (blue). The Average Directional Index (red) was below 25, suggesting that the present price movement is losing strength.

LUNC is now selling at a price 100% lower than its all-time high, set around nine months ago.

## Conclusion

When making a LUNC coin price forecast, consider that cryptocurrency markets are still very volatile. This makes it impossible to precisely anticipate a coin's price in a few hours and even more challenging to make long-term predictions. As a result, analysts and algorithm-based forecasters can and do make incorrect forecasts.

If you are considering investing in crypto, we urge you to do your own research first. Before making any investment choice, consider the most recent market trends, news, technical and fundamental analysis, and expert opinion. 

Remember that previous success is not an assurance of future results. Only trade with funds you can afford to lose.


green image of luna classic logo over blockchain background

Luna Classic News: What's the Future?

The Boba coin price has been bullish in recent times. Why is that?

Boba Network is a brand-new platform that provides lightning-quick transactions and costs up to 100 times lower than Layer-1. For the first time, the power of Web2 will be available on-chain through a technique called hybrid computing. Execution of complicated algorithms like machine learning classifiers or data collection from the actual world can be accomplished by smart contracts by calling any external Web2 API.

## Bullish trend

Boba coin is designed to help people save money when they buy gas. This coin has an inbuilt discount system that allows you to get a 25% discount on your gas fees.

Among the various cryptocurrencies, Boba coin price has experienced [a bullish trend over the past month](https://coinmarketcap.com/currencies/boba-network/). Its price has been steadily climbing over the last three days. However, it is still in a relatively low range. A slight correction is expected in the next few days.

In the short term, Boba might see some resistance levels. 

Several factors could influence its value. For instance, regulations and taxes could make it more expensive to invest. Also, technological developments and news events could affect its prices.

Another factor that may be influencing the Boba coin price is celebrity endorsements. Many celebrities promote NFTs on social media, which could help drive the price higher. Similarly, government plans can have a positive impact on the market. To determine the direction of the price, most investors use a combination of technical and fundamental analysis.

## Boba coin price on the cryptocurrency market

The current BOBA value is [$0.1868, with a market cap of $63,397,682](https://www.coingecko.com/en/coins/boba-network). Many factors, such as government regulations, technology advancements, and tax policies, influence the token's exchange rate.

Boba aims to become a pragmatic L2 and gain adoption from developers and users. The network also aims to gain more accessibility to the market by implementing an open-source, decentralized network. It uses Ethereum as a settlement layer, making transactions faster and cheaper.

The network experienced a bullish period in the past year. It gained 28% over the 14 days leading up to 8 April 2022. The market capitalization of the token increased by 44.9%, indicating that the price was relatively stable. The average daily transaction fee was also high.

There is a potential for the Boba coin price to drop a bit because the COVID-19 pandemic caused economic distress across the globe. News events have impacted the crypto markets. Some newsmakers have been promoting NFTs on social media. It is also possible that [new DeFi protocols may be deployed on the platform](/news/article/what-is-a-defi-token), which would challenge OolongSwap's dominance.

In the future, the network will increase its value, boosting market sentiment among cryptocurrency enthusiasts.

## BOBA tokens offer a 25% discount on gas fees

Using the BOBA token, developers can plug code into algorithms on web-scale infrastructure to create complex problems. This platform is compatible with the Ethereum network, allowing users to transfer money faster than conventional Layer 2 solutions.

This platform will provide users with near-instant transfers between L2 and L1 while also providing low costs of transactions. It's built on optimistic rollup architecture, making possible sophisticated algorithms on-chain.

The network features an incentivized yield farming mechanism for liquidity providers. This enables users to earn interest on digital assets. They can pay for gas with their native BOBA tokens, boosting user options and trading volume.

Boba's Hybrid Compute mechanism allows for fast transactions and can process more than 60x more transactions than traditional Layer-2 solutions. It also provides on-chain access to games, enabling game development on the blockchain. The network plans to expand to other L1s, attracting developers and game enthusiasts to the platform.

Boba's circulating market cap surged in Q3 2022, a result of high activity. However, the overall market cap stayed relatively stable, indicating that the token's value was not a major driver. Its TVL has remained steady, declining since the spike.

The network has two key contributors: OMG Network, formerly known as OmiseGo, and Enya, a blockchain infrastructure company. The company has been responsible for implementing the Fast Exit to L1 protocol and cross-chain bridging.

Boba has the potential to be a key player in the DeFi ecosystem. The platform's unique features can help users build a better, more robust blockchain game. As the number of new contracts deployed on the network grows, it will likely be a significant driving force in the future.


Boba Coin Price Analysis

You can find many Bitcoin forecast articles in the market, talking about the future price predictions of this cryptocurrency. Let's explore and learn more about Bitcoin before we discuss Bitcoin forecast or price prediction for the coming years.

## Bitcoin overview

Bitcoin is a cryptocurrency, also known as 'digital gold', with no logistic or border constraints. 

It's unaffected by the central government pressures and refuses to be chained into defective monetary shackles. Bitcoin (BTC) allows you to store and transfer value in the cryptocurrency market, taking power away from financial institutions. According to [our current Bitcoin forecast](/coins/btc), Bitcoin’s value will rise by 0.70% and reach $17,264 by January 15, 2023.

Cryptocurrency:	Bitcoin

Ticker Symbol:	BTC

Price:	$21,964.06

Price Change 24h:	    +2.32%

Price Change 7d:	    +1.69%

Market cap:	$331,049,753,994

Circulating Supply:	19,228,537 BTC

Trading Volume:	$20,702,743,176

All-time high:  	$68,789.63

All-time low:  	$65.53

BTC ROI:         +12618.46%

## Bitcoin forecast: technical analysis

The [current Bitcoin price](/coins/btc) is $17,141, with a market cap of $366,203,862,174. Its 24-hour trading volume is valued at $27,097,274,450, with a circulating supply of 19,176,800 BTC. Supply is limited to 21,000,000 tokens.

•	Over the last few months, Bitcoin has faced a massive fall. Also, traders and investors are confronting FUD in the crypto market.

•	On June 19, 2022, Bitcoin dropped to $17,770 for the first time since December 2020.

•	Since November 2021, the cryptocurrency market has lost two-thirds of its market share.

The BTC crypto price has not crossed the $24,890 mark ever since.

As a part of any Bitcoin forecast, many crypto analysts say that this continual fall in the BTC price may reverse the coin's position in the cryptocurrency market with second-placed Ethereum. The great ETH 2.0 merge has happened, aimed at enhancing the network's scalability and speed. With this falling price, will BTC remain the king of crypto? Whether Bitcoin stays extremely profitable will depend on those who hold a big chunk of BTC.

## Reasons for Bitcoin’s price fall

To create a proper Bitcoin forecast, we need to understand why Bitcoin's price has declined recently. Many factors affected Bitcoin's price, including supply and demand. Moreover, in the crypto industry, many price fluctuations originate from the high volatility in BTC prices. Here are the main factors that impacted Bitcoin’s price in the recent past:

•	Approval of BTC as an official payment means in various countries around the globe.

•	BTC’s approval as a financial asset by corporations and companies worldwide.

•	Issues related to the legalization of cryptocurrencies at the legislative level.

•	Tackling problems like low transaction speed and high service fees.

•	The US Federal Reserve policy becoming stricter towards the crypto market.

## The crypto winter: can Bitcoin survive it?

It's not just Bitcoin suffering from crypto winter, but the entire cryptocurrency market. The primary reasons are high inflation, Terra LUNA's collapse, hikes in interest rates worldwide, and balance sheet tightening by central banks.

Bitcoin has already started recovering, making trades above $19,000. But crypto experts predict that the crypto winter will last for at least a year before we start seeing any positive outlook. Nonetheless, Bitcoin, as king of cryptocurrencies, is expected to survive this downfall. Experts believe it will emerge stronger, with a long-term improvement for the crypto market. It could be a good time to [consider buying Bitcoin](/news/article/btc-price-today).

## Bitcoin forecast: price predictions from 2023 to 2030

At the beginning of 2022, Bitcoin's price was around $46,300. In March this year, it reached $47,689. The Bitcoin price has been continuously falling since, killing the hopes of retail and institutional investors.

•	[GOV Capital’s technical analysis for Bitcoin](https://gov.capital/crypto/bitcoin/) forecast predicts that the BTC will reach $52,711.06 in one year. Five years down the line, it might even cross $235,503.

•	Another analysis from [Wallet Investor](https://walletinvestor.com/forecast/bitcoin-prediction) predicts that the Bitcoin (BTC) future price may reach $47,496.74 by 2027.

•	[Digital Coin’s](https://digitalcoinprice.com/forecast/bitcoin#:~:text=According%20to%20our%20current%20Bitcoin,15.13%2C%20which%20means%20extreme%20fear.) Bitcoin forecast indicates that the price will reach $18,833.66 by the end of January 2023.

BTC's expected maximum trading price is $24,199.85. The minimum is $16,909.59. Currently, Bitcoin's value has been trading in a consolidating range because of the bear market scenarios. But the coin will soon get back on track and gain momentum, getting over the bear market. 

Look at the BTC price prediction table below for reference.

![Screenshot 2023-01-04 at 08.52.27.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_52_27_1d09c06a88.png)

## Bitcoin forecast for 2023: Good idea to buy Bitcoin?

As per our BTC price prediction for 2023, Bitcoin’s maximum expected value is $34,933. Its minimum trading value will hit the $18,188 mark. People looking to trade Bitcoin in 2023 can expect an average price of $26,561 — the price rise is expected to be over 80% by the end of December 2023. Looking at these rising rates of the BTC, we can say that it’s a good idea to buy it as soon as possible to make the most out of it in the future.

![Screenshot 2023-01-04 at 08.52.52.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_52_52_ee4045cd8b.png)

## BTC forecast: BTC price prediction 2024

According to our Bitcoin price prediction, the average price of BTC in 2024 will be $40,832. In 2024, you can trade Bitcoin at a maximum trading level of $51,438 and a minimum value of $30,225. Look below for clarity.

![Screenshot 2023-01-04 at 08.53.10.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_53_10_bfe1e2acc2.png)

## Bitcoin forecast: BTC price prediction 2025

Based on our Bitcoin forecast, we can say that BTC is all set to have a bright future. In 2025, you can expect the BTC price to rise to $39,512 (lowest) and $62,723 (highest) at the start and end of the year, respectively. Its average price may be $51,118. Look below at the table to see Bitcoin's price for 2025.

![Screenshot 2023-01-04 at 08.53.24.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_53_24_3855e9dde7.png)

## Bitcoin’s correlation with other coins

Bitcoin is most positively correlated with these coins:

•	Wrapped Bitcoin (WBTC).

•	DeFiChain (DFI).

•	Nexus Mutual (NXM).

•	Ethereum (ETH).

•	KuCoin Token (KCS).

Having a positive correlation with other coins signifies that these coins follow the same price trend that of Bitcoin at the same time.

Bitcoin is most negatively correlated with these coins:

•	Celsius Network (CEL).

•	Waves (WAVES).

•	Bitcoin Gold (BTG).

•	Fei USD (FEI).

•	UNUS SED LEO (LEO).

Bitcoin’s negative correlation with these coins means that the price of these coins typically moves in the opposite direction as that of Bitcoin price at that time.

## Bitcoin forecast: final verdict

The fundamental principle of forecasts is that they can't be wholly accurate. Bitcoin forecast is no exception either. While not being accurate completely, we can’t overlook or avoid these forecasts since they lay their foundation on market trends.

Moreover, they come from industry experts, technical analyses, and influencers’ verdicts, bringing some credibility to the table. Looking at the current trends in BTC prices, we can predict that the rate will rise in the coming years. Those who buy Bitcoins now will make the most out of them in a couple of years.


green image of weatherwoman and bitcoin raining from sky

Bitcoin Forecast: 2023 and Beyond

Circle Head of Global Policy and Chief Strategy Officer Dante Disparte said that the instability in the market over the past year might signify a shift in the technology to more stable and resilient businesses in the crypto 2023 market.

In a post for the World Economic Forum, Disparte highlighted the increasing use of cryptocurrencies in the financial industry and suggested that the ongoing bear market and problems with exchanges could ultimately result in the creation of a more responsible and reliable internet finance system.

He also pointed out that the cryptocurrency market's current situation may be similar to the dot-com bubble burst in the early 2000s, which resulted in the transfer of the future of the internet to more durable companies and use cases.

Disparte spoke from his position at Circle, the issuer of the USD Coin ([USDC](/news/article/usdc-coin-losses), a stablecoin tied to the US dollar. In addition, he is a member of WEF's Digital Currency Governance Consortium and a lifetime member of the Council on Foreign Relations.

## Could we expect more stability in crypto 2023?

According to Disparte, despite the disastrous year for cryptocurrency, which he compares to a [crypto](/news/article/yield-farming-crypto) ice age rather than winter, cryptography and blockchain will remain an important part of the current economic landscape.

He stated that 2022 was a horrible year for cryptocurrency markets, with one of the most destructive bear markets ever recorded and the failure of several big platforms. 

[Despite](https://www.bloomberg.com/news/videos/2022-11-11/circle-s-disparte-on-crypto-crisis-video) these barriers, he believes that mainstream financial institutions will eventually migrate to cryptocurrencies because the technology remains a prominent participant in finance.

He added that it is important to pay attention to the actions of big banks and mature financial services firms rather than their words when understanding the staying power of digital assets and blockchain technology, asserting his bullish views for crypto 2023 technology.

Disparte's statements come amid a shift in attitude among some of the most vocal opponents of cryptocurrency, who have now started to embrace it. Despite being repeatedly declared as failed or deceased (Bitcoin Obituaries Archive says more than 460 times), [Bitcoin](/news/article/how-to-buy-bitcoin-uk) and other cryptocurrencies have continued to grow in popularity and become more widely accepted.

Furthermore, Disparte reinforced his viewpoint in a recent opinion post for the Diplomatic Courier, calling it "disingenuous" for bankers to bash Bitcoin with one hand while attempting to usurp its ideas with the other.


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