Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
Hey, fellow traders and investors! How are your Bitcoin holdings doing? Well my guess is – Not good.
While there were expectations that following a brief drawdown, the crypto would hit new peaks again, that didn’t happen. In fact, the last few months have seen BTC fall as low as $18,000 on the charts.
This is interesting, especially since for a long time, many were expecting BTC to go as high as $100,000 on the charts. When that didn’t happen, the blame game started. PlanB’s S2F projections, for starters, were deserted by many.
Even so, despite everything, there remain many who are still in the business of predicting where the cryptocurrency will be 5 years or 10 years from now.
The following article will touch upon these projections. With BTC emerging as a strong store of value of late, it is crucial investors are aware of where popular analysts see the cryptocurrency heading over the next decade. These projections, while not an absolute certainty in any way, can help traders and holders make smart decisions.
That’s not all, however. According to CoinGecko, for instance, Bitcoin enjoys amarket share of just under 40%. While this figure isn’t as high as it was back in 2017 or even, 2021, it’s a significant share. By extension, what it means is that whatever happens to Bitcoin, the rest of the altcoin market is bound to see a ripple effect. Ergo, even if you’re only into altcoins, what BTC performs will affect you too.
This article will briefly look at the cryptocurrency’s recent market performance, with a special focus on its market cap, volume, and rate of
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