Forecast for the next bull market, including multiple crypto price forecasts such as BTC, ETH,ADA
#BTC #crypto2023 #ETH #Binance #Web3
Author:现货持有者Spot holder Weibo:BeingLam Twitter:lam_being
Foreword: This article is very important to you. It may be your prediction of making a lot of money in the next bull market. Please read it patiently. You will come back to thank me in 2 years.
Recently, the price of BTC has continuously broken through new highs. On March 18 (Beijing time), it even rose to 27,700 US dollars, and the price hit a new high in nearly 8 months. Other altcoins also rose sharply. The rise in the price of the cryptocurrency market not only broke the silence of the market, but also attracted people to pay attention to the cryptocurrency market again.
Recently, many fans have asked me in private messages: Is the bear market over? Will BTC continue to fall? Is it possible to buy in stock now? When did the bull market start? What is the highest price of BTC and ETH in the next bull market? Is the next bull market going to be a super bull market? What altcoin is recommended to buy. And so on.
Next, I will take out the questions raised by fans one by one, and express my own thoughts. I believe it will be very helpful to everyone, especially friends who like the spot, you must read it carefully.
First of all, it is clear that the bear market is ending, and now is the best time to buy spot. We need to know a concept, the bear market is a cycle, not a specific time, so you buy cryptocurrency spot during this cycle, it is very cheap. You can never buy when the price is the lowest, even the main force cannot buy when the price is the lowest。
Why we say that the bear market is ending now, we analyze it from many aspects:
1: From a macro point of view, the end of the global epidemic, especially the full opening up of China, and the restart and acceleration of the global economy will have a major positive role in promoting the global financial market.
2: The Federal Reserve is the big brother of the global financial market and has unshakable influence on the global stock, gold, foreign exchange and cryptocurrency markets. According to the Federal Reserve's statement, the United States will stop raising interest rates from the second half of 2023 to the beginning of 2024. This is undoubtedly a huge benefit to the stock market and the cryptocurrency market, and many funds will return to the cryptocurrency market, which will push the price of Bitcoin up.
3: Judging from the halving time of various cryptocurrencies, starting from the second half of this year, various important cryptocurrencies will begin to halve one after another. Especially the halving of BTC has a considerable boost to the price of the cryptocurrency market. The main force will generally buy in advance before the halving, because the price often rises after the halving, and buying in advance can obtain the maximum profit. The main force can wait for half a year or even a year, but most retail investors cannot. In this respect, the bear market is indeed ending.
halving time of coin
4: From the perspective of market sentiment, many cryptocurrency project parties have recently announced their project plans and progress. The sentiment of retail investors ushered in a small climax, and the price of many altcoins has fluctuated greatly recently. Compared with the low price of the previous period, Bitcoin also has a large increase. The sharp rise and fall of the currency price is the performance before the end of the bear market. It's like a sleeping dragon stretching and yawning when it just wakes up. Another important benefit is that Hong Kong opened up the legal trading of personal cryptocurrencies in June. Many people seriously underestimated this good news, and the cryptocurrency market sentiment in Hong Kong has been very high. The next round of super bull market should be driven by Chinese funds.
5: At present, the major external bad news has basically been digested by the market. Important bad news such as Luna's plunge, FTX's thunderstorm, Sanjian Capital's bankruptcy, Silicon Valley Bank's bankruptcy, etc., have been digested by the market. There will be a lot of bad news in the future, but the impact on the market is already small. You must know that there will always be bad news, whether it is a bull market or a bear market, so the following bad news is for washing the market. After the bad news is digested by the market, it is time for the main force to buy. At present, there are more and more signs that the main force is accelerating the purchase of low-priced BTC and ETH, reflecting from the side that the bear market is coming to an end.
Based on the above reasons, the bear market is undoubtedly ending, and now is a good time to deploy spot stocks. My idea is that there are no high-priced cryptocurrencies in the bear market, only timid users.
Next, let's talk about when the bull market will start. There is no doubt that the end of a bear market is the beginning of a bull market. The BTC price in 2023 will most likely fluctuate back and forth between $25,000-40,000. Continuously cleaning the funds of retail investors through slow rises and sharp falls, many retail investors will be eliminated. The elimination will be almost completed by the end of the year, and it will start to rise steadily in 2025.
Many retail investors simply cannot resist the slow-rising and sharp-falling wash-up tactics. For example, an altcoin rose from $5 to $50 in 3 months, but fell back to $8 within a week. Many people can’t accept it. The contract will basically be liquidated, and spot users will also sell. Then it went from $8 to $80. This is extremely torture for retail investors. So when you ask me when the bull market will start, I just want to say that it will start in the second half of the year, but it will be a turbulent period, and the beginning of next year will be a relatively stable rising period, but the price will already be relatively high at that time.
Next, I will predict the price of BTC, ETH, ADA, DOGE in the next round of bull market
Before predicting the price, let's first look at the total market value of cryptocurrencies in previous years. From about US$1.5 billion in the total market value of cryptocurrencies in 2013 to US$3 trillion in 2021, it is an explosive growth. But it can also be seen that the multiple of growth is decreasing. Compared with 2013, 2017 has increased by 533 times. The sudden increase during this period is mainly due to the fact that everyone did not recognize cryptocurrency in the early stage, and it is not referenced. The real reference is from 2017 to 2021, and the market value has increased by about 3.75 times. It is conservatively estimated that if the total market value of cryptocurrencies in 2024 is only doubled compared to that in 2021, then the total market value of cryptocurrencies in the next round of bull market will be about 6 trillion US dollars.
Total market value
Well, then we can predict the price of the next round of BTC. In normal times, the market value of BTC is about 37%-44%. Considering that during the bull market, altcoins have diluted more market value, and in the next bull market, the market value of Bitcoin is calculated as 35%, then: 35% X 6 trillion = 2.1 trillion US dollars, the total number of Bitcoin is 21 million, 21,000 Divide 100 million by 2100, then the price of the next round of bitcoin will be about $100,000. Then we compare the price of ETH, the total market value of BTC is about 2.4 times the total market value of ETH. Therefore, it can be concluded that the total market value of ETH is 840 billion, and the current circulation is about 120 million US dollars. It can be calculated that the price of the next round of bull market is about 7,000 US dollars. Considering the problem of ETH audience, the final price is about 10,000 US dollars.
The price of the next bull run can be deduced in a number of ways:
BTC: $100,000
ETH: 8000-12000 USD, compromise: 10000 USD
ADA: $5-6
BNB: $2000
DOGE: $3-5
SOL: $400-500
The above is just my very conservative prediction, because the next round is a super bull market, and the price may far exceed this estimate. Every time I estimate the price, there are always people who refute me. For example, when Dogecoin rises to $3 and its market value is about 300 billion, he will say that it exceeds the market value of Ethereum, but he does not know that the market value of Ethereum will also If the market value rises, the overall market value will rise, not the rise of individual cryptocurrencies.
In every round of bull market, new coins will rise sharply, and these new coins will seize the market value of some old coins. This is an inevitable law of history.
Recommended currency:
Big capital users: BNB, BTC, ETH
Small capital users: DOGE, CFX, SHIB, ADA, THETA, AGIX, ID
The above is for reference only
Well, I will share it here today. If you are also a spot holder, you can like and share this article. Let us witness the next round of bull market and get rich together. Welcome to follow me!
Since my English is not good, the translation may not be very correct, please understand me
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Well, I will share it here today. If you are also a spot holder, you can like and share this article. Let us witness the next round of bull market and get rich together. Welcome to follow me!