NEW YEAR CONTEST: Crypto price prediction for 2025

Hello friends,

It is a wonderful opportunity to be among the participants of this great contest hosted by @rme on steemit.

This contest is a very important and Interesting contest that enable investors to know their target for BITCOIN, STEEM, SBD, TRX and HIVE.

This contest also helps to strengthen our conviction that there is a huge hope for the cryptomarket.

Please follow along as I begin this contest.

We shall begin with an overview of the yearly action of bitcoin over the years.

^{Screenshot gotten from WhatsApp}

As shown above, bitcoin has a record of being in an uptrend for 3years afterwhich it experiences a downtrend for a year.

This pattern has been respected for over a decade and it is only expected for it not to be defiled now.

This pattern can further be confirmed on trading view.

^{SCREENSHOT FROM TRADING VIEW}

Shown above is a chart of BTCUSD on a yearly timeframe.

From the above chart, it took a year for each candle to be formed.
And there are 12candles on the chart above which implies that the whole candle above was formed in 12years.

Shown below is a table that shows the quarterly percentage increase and decrease of bitcoin over the years.

^{SCREENSHOT GOTTEN FROM A FRIEND}

As shown from the image above, there is usually a big bullish move a year or few months after any bitcoin halving event.

Permit me to discuss a little about bitcoin halving.

Bitcoin halving is an event that occurs roughly every four years and this event leads to the halving of bitcoin reward.

This event usually happens after the complete mining of 210000blocks.

When Bitcoin was created in 2008, it had a block reward of 50btc, then after the mining of the first 210000blocks in 2012, it reward was reduced to 25BTC which led to a large increase in the price of bitcoin.

For more information about Bitcoin halving, visit my post titled Bitcoin Halving - The Beginning Of a New Bull Run

It's no longer news that there is always a surge increase in the price of bitcoin few months after it undergoes it's halving event.

The first Bitcoin halving occured on the 28th of November 2012 with its price at $12.20.

The halving of bitcoin reduced it circulation which projected Bitcoin to an all high $1,100 in 2013

The second halving of bitcoin occured on the 9th of July 2016 with bitcoin price at $650.96 and this occurred after the validation of a total of 420,000blocks.

The second halving of bitcoin rode the price of bitcoin to another it's all time high of $20k as at December 18, 2017.

Bitcoin third halving occured on the 11th of May 2020 after the mining of 630,000 bitcoin block.

The third halving occured when bitcoin was at $8605.03 and rode bitcoin to it's current all time high of $69,045 which occured on the 10th of November 2021.

Having analysed the historical response of bitcoin price to it's halving.

Having confirmed the movement of bitcoin from $12.20 to $1100 after it first halving.

Also confirming bitcoin price movement from $650.96 to $20k after it's second halving.

And experiencing it's increase from $8605 to $69,045 after it's third halving.

I am hereby predicting Bitcoin to break above it's current all time high of $69k and get to at least $210k.

From history, bitcoin has always done more than 3x of it's previous all time highs whenever it undergoes it's halving.

I eagerly anticipate bitcoin to make a new all time high of $210k and above.

To get the prediction of trx shouldn't be difficult since the price movement of trx is dependent on the movement of bitcoin.

Trx is another coin with very good fundamentals and a very hard-working team with so many meaningful project.

Trx was created 2015 and it has proven to be a coin of great fundamentals.

We shall be doing analysis of trx in respect to bitcoin price movement, follow along as we begin.

Tron was created 2015 and Bitcoin had it's second halving 2016.

The price of tron hits it's all time high after it experience the second halving of bitcoin.
It hit it's all time high of $0.3004 on the 5th January 2018.

On the third halving of bitcoin which led to Tron second bull experience, Tron was unable to hit its previous all time high which is so unlikely when it comes to other cryptocurrencies.

Having considered the previous price action of Trons, I will conclude that Trons has the potential to make a new all time high but as we know, there is a lot of work required of its team.

My personal prediction for Tron price come 2025 is $0.2 and above.

The price prediction of other cryptocurrencies is quite easy, all other cryptocurrencies (altcoin) move alongside the movement of bitcoin.

The prediction of our very own coin STEEM wouldn't require much analysis, and it will be easily understood.

STEEM made a nice all time high of $8 during the 2017 bullish move and many expected it to continue that way or even break above it.

Unfortunately, STEEM reduced drastically in price and this was because of some inward activities occurring amongst it's team members.

This conflict led to the creation of a new blockchain just steem blockchain and we know this blockchain to be HIVE blockchain.

In the 2021 bullish move, STEEM was unable to hit an it's previous all time high of $8, instead it made an high of $1.4 which was weigh below it's all time high, and I believe this is because of the misunderstanding between it's team.

All things being equal with a constant increment in STEEM volume, I predict steem to hit $1 come this 2025 bull run.

As the name implies, steem backed dollar is a cryptocurrency, a sister of STEEM coin but it is pegged to dollar.

Just like the UST is a sister to terra luna but pegged to dollar.

SBD is pegged to a dollar because it is not expected to go below $1, it is expected to remain within the range of $1.

SBD has performed beautifully well, in the year 2017 SBD had a price increment to $22, and that was when steem was at it's all time high of $8.

In the 2021 bull run, SBD made an high of around $19 which was weigh below it's all time high.

We expected SBD to make a new all time high but unfortunately it did not.

As at when this post was made, SBD is currently trading at around $2.

Personally, I don't see SBD making a new all time high but I expect it to make an high of at least $10.

Hive is a sister coin to steem, it came about through the hardfork of steem blockchain.

Hive was launched on the 20th of March 2020 and it hit it's all time high on the 26th of November 2021.

Considering the numerous project being handled by Hive blockchain, I am predicting it's price to get to $5 come 2025 bull run.

I am so glad to have participated in this contest, and of course everyone should endeavor to make their own research.

Everything I have mentioned is not a financial advice but I appeal to all to make their own research and invest whatever they are willing to loose as the cryptomarket is very volatile.