Re: Crypto Price Prediction

Bitcoin and cryptocurrency prices have jumped today with ethereum rival cardano making a huge leap higher—even after Coinbase revealed an ethereum surprise last week.

The bitcoin price remains off the closely-watched $50,000 per bitcoin level but ethereum has climbed back over the $3,000 mark after dipping under it earlier today.

Now, as cardano and solana make double-digit gains and outpace other cryptocurrencies, famed investment strategist Lyn Alden has predicted bitcoin will hit $100,000 and ethereum will reach $5,000 as soon as next year.

Reference

Looking at the current state of the crypto market, it is very difficult to say for sure what will happen in the next year. The odds are almost the same for both a decline and an increase with a slightly higher probability of a fall. Although some experts predict the growth of bitcoin and Ethereum is very large in the future. Considering the current bitcoin price is close to $42,000 and the Ethereum price is $2900. However, how and when the price of bitcoin and Ethereum will reach such high predictions is still uncertain.

cryptocurrencies are in a dilemma after several countries refuse to adopt bitcoin. as a result of this incident the market price slightly decreased sharply from $52k to $42k. In cases like this, it is rather difficult to predict future market prices, will bitcoin stay at $42k and pump again or continue to fall in price. a little worried to decide how to predict the future.

LOL, what do you mean several countries refusing to adopt bitcoin. If they don't adopt that will be fine, but we have El Salvador who legalized it and then probably Paraguay will be next. As I have said, adoption would come definitely, the main thing is that there should be big online stores that will come first, not countries because that's how bitcoin has been designed, to be used a micro-payment scheme. Nevertheless, adoption is growing, just in a slow phase.

Quite honestly what is happening at El Salvador is incredible, I always believed that the only way that something like that happened was because there was a massive crisis and governments on an extreme position of weakness decided to make bitcoin legal tender due to the pressure of their population to do so, the fact that it happened so soon and when we are not under those circumstances yet makes me very positive that we are probably bound to see at least a few more countries take that step during the next decade.