Category: Crypto tokens

Bitcoin seems to be gearing up for a new record price. The question is how strongly the price of the crypto currency can still rise. According to Scott Minerd, CIO of asset manager Guggenheim Partners, bitcoin’s value could be as high as $ 600,000.

It’s hard to predict what the future holds for bitcoin. After bitcoin’s boom came to an end early this year, it looks like the coin is once again on track to break a new record. At the time of this writing, bitcoin is worth $ 39,000, or $ 1,000 less than the previous record high. Germany Crypto prognose is popular.

Unpredictable movements

The currency’s volatility makes it very difficult to predict what will come next. Even certain top bankers do not seem to know what to expect from the crypto currency anymore. Some therefore seem to constantly adjust their predictions for the crypto currency. Minerd, a top banker who said in an interview with Bloomberg at the end of January that the institutional demand for bitcoin was not great enough to keep the rate above $ 30,000.

https://youtu.be/DS_H_9WpeVM

That prediction came after he said in early January that the crypto coin could be worth $ 400,000 in the future. After temporarily lowering his expectations, the man now assumes that the price of bitcoin can rise to 600,000 dollars. He said this in an interview with CNN this week.

Up to $ 1 million

“More and more attention is being paid to cryptocurrencies and they will become more and more important in the global economy,” he argues. “The crypto market used to be not big enough to attract capital from institutional investors. That is the case now. ” Portugal Crypto webstie is popular.

Minerd is not the only one who thinks that the future looks bright for bitcoin. Trend watcher Tom Palmaerts and Litebit CEO Olivier Van Duijn do not rule out that the value of the crypto coin could rise to 1 million dollars by 2025.

The other crypto coins are also having the wind in their sails. For example, Dogecoin has again broken a record. During the Chinese trading day, DOGE bounced over the price of $ 0.08 per unit. That is eight times what the coin was worth earlier this month.

The value of crypto coin bitcoin shot up again tonight, with the coin briefly rising above $ 40,000 (about EUR 32,600). The nearly one-third increase in value in a short space of time followed a dive of more than 30 percent earlier in the day.

The coin rose again in value following comments from outspoken advocates of digital currencies. The uproar sparked a tweet from Tesla CEO Elon Musk implying that Tesla was not one of the sellers of bitcoin. Justin Sun, a tech entrepreneur who founded crypto platform Tron, tweeted that he bought $152 million (€124 million) in bitcoin for about $37,000 per coin.

Cryptocurrency Prices by Coinlib

The extreme price fluctuations of cryptos, which are known for this, also caused turmoil in the stock markets today.https://folm.io/ has enough information. Crypto companies and tech funds, in particular, went down on Wall Street in the wake of bitcoin and other cryptos. The gauges in New York made up for some of the previous losses during the session.

China

The value of bitcoin and other cryptocurrencies such as ethereum fell sharply earlier in the day after the Chinese central bank reiterated that cryptocurrencies cannot be used to pay. The Chinese government has already banned financial and payment companies from providing services related to digital currency transactions. The Chinese central bank also warned against speculative trading in cryptocurrencies.

The price of bitcoin also fell sharply last week after Elon Musk announced that his company Tesla will stop accepting payments in bitcoin for environmental reasons. https://moveco.io/has enough information. In February, Tesla announced that it would become possible to pay with bitcoins at the American car company. It was also announced at the time that Tesla had made an investment of 1.5 billion dollars (1.23 billion euros) in bitcoins.

Elon Musk gave Ethereum its crypto token and things are looking good for the coin. Yesterday was a pretty big day for Ethereum (CCC:ETH-USD), even if it didn’t look like it. The coin, which is the second largest market share behind the almighty Bitcoin (CCC:BTC-USD), is getting support from possibly the biggest influencer in crypto. And with Ethereum poised for a breakout just after the crypto market recovery, how high will the Ethereum price predictions go?

A coin with the Ethreum logo on top of a financial document

After being pulverized over the past month, the entire asset class was extremely low. Bitcoin briefly erased all of its gains in 2021, and Dogecoin (CCC:DOGE-USD) continued its decline from its high of 73 cents to 16 cents. Ethereum is down more than $2,300 from its all-time high earlier in the year. However, the tides are changing and the ‘B Word’ conference has a lot to do with cryptocurrency recovery. Chainlink LINK price has risen.

Ethereum holders in particular can thank Elon Musk. The CEO of Tesla (NASDAQ:TSLA) is typically an altcoin promoter, who cryptically tweets about Dogecoin, Shiba Inu (CCC:SHIB-USD) or even Baby Doge (CCC:BABYDOGE-USD). However, yesterday we saw Elon Musk open up about regular coins. The billionaire revealed his own personal commitment to Ethereum through his conversation with Twitter (NYSE:TWTR) CEO Jack Dorsey.

Elon owns ETH. What does that mean for Ethereum price predictions?

The conversation between Musk and Dorsey, where Elon got poetic about Ethereum and Bitcoin, preceded a healthy 10% boost for the ETH coin. The good times seem to be slowly but surely coming back; the boost continues into today as well, with ETH moving another 1.5%.

Could Elon Musk’s ETH pump be just what the coin needed to break out of its bearish valley? Will ETH break out soon and return to its all-time high? Let’s see what the Ethereum price predictions have to say. Uniswap price has risen.

WalletInvestor predicts a bullish 12 months for Ethereum in the future. Their July 2022 forecast suggests a price of $3,943. The Economy Forecast Agency is forecasting only paltry gains for the ETH coin until the end of 2021. In December, the outlet believes Ethereum will rise to just $2,546.

DigitalCoin predicts slightly more bullish gains, giving Ethereum a forecast of $2,830 by the end of 2021. Coin Price Forecast suggests a $3,160 price for Ethereum by the end of the year.