Cryptocurrency is always a topic that make waves and has many speculation and alot of people love the subject and would spend hours discussing about it especially crypto enthusiast.
For now is down it seems like there isn't much to say about it, some who formerly had much to say are now rather silent as the euphoria is no longer there but come the next bull run that follows a surge in price cryptocurrency will attract many lovers once again both people interested and not, that's why am especially happy to be writing this contest about my expectations for coins like bitcoin,steem,trx,hive and steemit backed dollar and.
Bitcoin (BTC) Price Prediction 2025: How High Can It Touch? (in dollars) |
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The bitcoin halving cycle has always been accompanied by a huge surge in price a rather parabolic run termed the bull run or market and it's not surprising as anytime bitcoin is halved it leads to a supply shock where the demand is higher than supply of course this concept alone shows we ought to have higher prices as the simple economic law of supply and demand shows.
Now every time bitcoin undergoes halving the mining rewards reduced or halved by 2 and come and 2024 during the next bitcoin halving bitcoin mining reward 3.125 though currently the reward is still at 6.25 btc per block mined
Bitcoin so far has undergone 3 halving event the one of 2012 followed by 2016 and then 2020, there is one thing that is very notable in each of this halving event, it is always accompanied by a run up in price of bitcoin.
During the first bitcoin halving on november 2012 the price of bitcoin was around a measly $13 then around a year later it hit an all time high of around $1,242 that's a staggering 95.5× from where the price was during the halving. The next bitcoin halving was in July 9, 2016 and during this halving at the time the price of bitcoin was at $651 but after the halving around a year and 5 months later that's on december 17th 2017 the price peaked at almost $20,000 now from where the price was at the time of the 2016 halving and to it's high in 2017 that's atleast a 30× increment.
The third bitcoin halving was in may 11 2020 around the time of the halving bitcoin was around $9,000 and later a year and 6months later it peaked at $69,000, so from where the price was at, at the the time of the halving in may 11, 2020 to where it topped out at November 2021 that's a 7.66×.
There is one notable thing about the bitcoin halving and that's after the halving for a period of a year to 2 years we experience a bullish run so come 2024 at the time of the next halving depending on where the price is at the time with the model above I could make a prediction as it keeps declining by 3 to 4× which is to say to get the price high target of 2025 is to multiply 3.5 to what the price will be at the time of 2024 halving.
Now using the previous cycle it bottomed around $3,000 before getting to $9,000 at the time of the halving that's a 3× increase then after the halving it peaked at $69,0000 that's a 7.66× I will use this to predict the next top in 2025, I personally believe bitcoin has not bottomed yet and it will bottom at $10k some time this year and from there it will 3× from there to the next halving in 2024 to be at $30k and from there if it follow similar path as to last time and have a 7.66× from the price of the halving to the top that will place btc price at $229,800 at 2025 high let's call it $230k.
Apart from this if we look at the 2017 high of $20k to the 2021 high of $69,000 that's a 3.45× from 20k to 69k now if we follow the same trajectory and bitcoin 2025 top will be $69k the 2021 top multiplied by 3.45 placing bitcoin at $238k. So with this two statistical historical analysis and some speculation I personally think bitcoin 2025 high will be $230,000 give or take $10k.
Short term analysis on btc, steadily approaching a supply zone that broke structure from here am expecting a rejection atleast to $16,849 to the demand zone there.
Tron is a good project and has been around for a while now though the crypto market right now is quite competitive and for a coin to be relevant now it has be worked on actively yes the tron blockchain is a very good blockchain able to process thousand transactions per second a very scalable and nice blockchain but in terms of price trx has kind of not lived up to expectations no much surprise though seeing as how competitive the market is.
Trx reached an all time of $0.231673 in Jan 2018 during it's first bull run and of course it's only natural to expect for it to at least surpass it's previous all time at the next bull run like most major coins did like bitcoin, litecoin, ethereum and bnb for instance.
During the next bull run this past one 2021 trx was not able to surpass it previous high clearly showing that it's not must that a coin must surpass it previous high is all about how much development is going on because the market is very competitive and there are lots of exciting project available, trx reached a high of $0.231673 in 2018 but 2021 it's high was $0.166178 as the pic below depict.
As at when am writing this post trx is at $0.055044 so personally come 2025 if there isn't any major plan or development or integration going on with how competitive the market will be then with the emergence of new projects, nfts and meterverse coins and other new project which could attract investors more easily I believe trx will fall short slightly to reach a high of $0.1118 come 2025
Currently at trading view based on the immediate short term at the HTF trx just tested a resistance level and at a supply zone so am expecting a retracement ifnot immediately maybe within hours
Of course our very own Steem also surge high at first reaching high of $8 during the 2017 crypto bull but of course just like trx Steem fell short of expectations reaching high of $1.41 mostly due to not much development compared to other available project making waves in the market and attracting investors.
Steem is currently ranked at #287 at coingecko with a market cap of $69,459,506 at coingecko and currently trading at $0.164649 as of when am writing and Steem being a social media platform would get more traction with more investors and if major development happens though at present due to the bear market many people have lost interest because at the end of the day price and profit is what we all are after.
I know during the next run up more writers will likely come up and maybe some development maybe or maybe not but whatever the case as bitcoin is surging up I expect other altcoin to follow like Steem did in 2021 reaching a high of $1.4 though wasn't able to sustain it for long.
I don't really expect Steem to break it previous high based on the current development and other competitive project of which there will be in 2025 adding to the present ones and those rolling up major development, I expect Steem to atleast hit $1 high come 2025.
Actually expecting Steem to move up a bit on the short term as it coming up from a demand zone and possibly get rejected around $0.18 but if it goes above that then I expect more upside for it atleast in the immediate short term
The Steem backed dollar of course is corelated with Steem though as is pegged to dollar it's expected not to fall below $1 atleast, infact it's expected to be at $1 but in recent years we have seen it rallies up when ever the crypto market is pumping currently trading at around $2.
The sbd has shown its ability to perform well for instance during 2017 crypto bull run at the end it topped out at around $22 when Steem was at $8 and in the last bull market it topped out at around $19 when Steem was $1.41 so come 2025 personally I think Steem will hit $1 and if Steem could manage that feat then I trust that our very own Steem backed dollar which will have missed so much largely due to this bear market will atleast hit the $15 come 2025
Sbd historical graph chart on coingecko below
Hive is a sister to Steem and indeed it's a very nice chain they have several second layer project which utilities hives fast free transaction enabling them to build their own web apps on their blockchain, applications which spreads across defi, gaming, blogging, video, fitness.
The chain is very nice and also due to its decentralized nature and technical capabilities one can easily build on the chain and have ability to scale multiple times, this chain very similar to the steemit blockchain but since it's inception since the beginning of 2020 there has been constant development going on the chain and it has reflected on the price.
This last bull run hive surpassed Steem in price and set a high of $3.41 almost 3× that of Steem and with the constant development and integration going on personally I believe if the team continue in the same pace I see hive breaking it's high 2025 because development on a chain it's what attracts investors and they have shown they are up to it so personally I think hive will hit $5 in 2025 my personal prediction, currently hive is $0.29 as at time of writing.
Hive current analysis on the short term below, it has been rejected on a former high where a supply zone is and is currently retracing, I believe it will drop down atleast to support around $0.26 but if it reverses and crosses the supply zone then I expect more upside
Is always good to write about cryptocurrency of course I believe we all should all do our research believe investing in any crypto project because crypto is a highly speculative project but one thing I know for sure is that come 2024-25 all crypto investors may have reason to smile once more.
this is my entry
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