The world of crypto has come a long way since the invention of Bitcoin and the presentation of blockchain technology to the public. At the very beginning, only a handful of financial enthusiasts were interested in crypto. Nowadays, the world’s largest banks and tech giants openly acknowledge crypto technology and spend hundreds of millions of dollars on Bitcoin. The blockchain’s introduction leaps forward with giant strides. However, even with such astonishing results, it is still hard to predict what the future of cryptocurrency and the crypto market in general will be. In this article, we will try to identify the path cryptocurrency is moving towards.
Before we jump to the main topic, it is crucial to look at crypto in general and analyze its current condition. After all, the technology behind cryptocurrencies is not ideal, and it has its own strengths and weaknesses.
New generation of technology
The economic crisis of 2008 showed how vulnerable and unreliable our financial system is. It is not surprising that the technology that crypto brought along with it got so much attention. Decentralized finance system (or “DeFi”); anonymity; peer-to-peer transactions without the need for banks and any other kind of middleman; low fees and little, if at all, paperwork; no government regulation — all of that made blockchain technology in general and cryptocurrencies in particular a worldwide phenomenon. Started as a way of “revolution” against traditional financial institutions, it managed to attract the attention of its rivals: banks, hedge funds, and other representatives of the conservative monetary system are now trying to implement blockchain technology into their own systems.
No wonder this combination of finance and technology has made such an impact on economic institutions: the demand for new technology, security and flexibility from the users of traditional financial services has only been rising since the crisis of 2007-2008.
This demand has evolved into multiple fintech startups that have expanded the blockchain and crypto ecosystem. Now we have extra secured crypto wallets to store digital assets; crypto exchanges like Binance and decentralized exchanges like Uniswap; public chain infrastructure; crypto payment systems and so on and so forth. Moreover, the increase in investors in the crypto space, which could’ve been witnessed in recent years, has made trading and long-term investment in cryptocurrency an activity with a potential for high returns.
Nonetheless, the crypto world is far from being mature and blockchain technology certainly has its own limits and weaknesses. Whilst we have already mentioned the pros of crypto, it is important to take a closer look at the cons.
Wide variety of concerns
Let’s face it: central banks, traditional currencies and fiat money have been with us for centuries. Cryptocurrencies as a phenomenon appeared only around 11 years ago. This fact makes so many people, especially of the older generation, still quite sceptical not only about using crypto for long term storage of their funds, but also about the future of crypto in general. On the other hand, it is worth mentioning that at least one in three millennials see cryptocurrencies to replace fiat money and credit cards in future. However, we shouldn’t be quick to judge those who are sceptical about crypto since there are certain reasons for that.
Lack of regulation
It can be seen as a problem or a feature of cryptocurrency, depending on your personal attitude and the way you look at it. Certainly, the fact that no government in the world can fully control the transactions, distribution and evolution of crypto and digital assets can be somewhat attractive, since you can stay anonymous and make possible profits without middlemen or exhausting paperwork and ID checks.
At the same time, since the crypto world is self-regulated, protection of your funds is fully up to you. So in the case if your funds have been stolen, your wallet has been hacked or if the project you have invested in came out as a scam then no one would be able to help you to retrieve your money.
Moreover, in some places like the USA or EU, your income from crypto investments is taxable, and tax dodging can get you in jail. It leaves you with the situation when your funds are not protected by any branch of your government, but you are still obliged to pay taxes. That can be repulsive to many investors who prefer to stick to more traditional types of investments like stocks and bonds. In that case, you can be sure that you can at least go to court if you end up being a victim of a fraud.
High volatility is another reason that scares off potential investors. Certainly, that can be seen as a double-edged sword: high volatility can bring potential profit, or it can make you lose all your investments. If we, for instance, look at the most known cryptocurrency — Bitcoin — we can see that the chart for it looks like a roller coaster.
However, the volatility itself may not be the problem alone here. The fact that no one can say for certain if high volatility stays in crypto world forever or it can be somehow tamed in the future is the question that concerns most. For now, the only thing that the investors can do is to adapt and learn how to squeeze the maximum profit out of it.
Is there any future for digital currencies?
For all the limitations the cryptocurrencies have, they are doing great at the moment. If you look at the news’ headlines for the last few years regarding cryptocurrencies you could notice that cryptos are being more and more adopted across the globe, both by opinion leaders and billionaires like Elon Musk, and even by the whole countries.
Cases like El Salvador’s move to accept Bitcoin as legal tender give even more confidence to crypto enthusiasts in their vision of a future where fiat money becomes a relic of the past. Nevertheless, the situation might not be as bright as it would seem at first glance. We can expect more and more governments’ attempts to regulate crypto, or at least to make enough pressure on it so it won’t stay so easily accessible.
China’s efforts to ban crypto mining this year made a strong negative impact on cryptocurrencies’ market positions. Moreover, People’s Bank of China claimed that they will maintain high pressure on activities that include cryptocurrency transactions.
On top of that, the US government also tries to create boundaries for the crypto world in order to make it more regulated and taxable, prevent money laundering and control the price of stablecoins.
It does not mean that crypto is going anywhere any time soon. Moreover, the fact that it is facing more and more regulations and attempts to make it similar to fiat money means that cryptocurrencies are on their way to be alongside such traditional forms of investments like bonds and stocks. That is something we can clearly witness in the near future. As for replacing fiat money — that most likely will not happen, at least not in the next upcoming years. However, more than half of fintech experts believe Bitcoin will replace fiat money by 2050. Whether or not this will happen or whether these attempts of regulation can solve the limitations of crypto still remains to be seen.
Which Cryptocurrency has the best future?
Bitcoin is the king of cryptocurrencies. The last decade has proved that Bitcoin only strengthens its position. Without a doubt, the next decade will be crucial for the major cryptocurrency in becoming a mainstream. Still, with all the above-mentioned limitations and weaknesses that cryptocurrencies have, this road might be bumpy. Without the technological improvements of the crypto ecosystem, more attempts at regulation from the outside will follow.
Nevertheless, the price for Bitcoin has only been growing since it became publicly available. Only during 2021, the price has reached $60 000 and now Bitcoin costs around $40 000. But the rise in market price is not the only thing the main cryptocurrency can expect in the near future.
According to Citibank, Bitcoin might become “the currency of choice for international trade” as more and more companies and banks adopt blockchain technology and seek to issue their own digital currency. Even though there have been thousands of new coins issued over the last decade, Bitcoin’s position remains intact, and it is safe to say that its future is bright.
The situation with Ethereum is different. Unlike Bitcoin, Ethereum was created on an open-source platform for a reason, thus allowing anyone who knows how to code to create their own decentralized applications, or DApps, that nowadays can vary from DeFi like Uniswap decentralized exchange to online games like Axie Infinity. Ethereum looks even more promising than Bitcoin since it represents the image of every crypto enthusiast — programmable money.
Such technology could not become unnoticed, and that is the reason why Ethereum is the second-largest cryptocurrency by market cap.
The problem that Ethereum is facing now due to its popularity is high transaction fees since its network is highly congested. Because of this so many potential investors are waiting for the major update to Ethereum 2.0. Still, if we take a closer look at the all-year chart, we can see that Ethereum is a very promising cryptocurrency that is destined for further growth.
The third largest cryptocurrency by market cap — Cardano — has all the chances to continue flourishing in the near future. Unlike Bitcoin and the not yet updated Ethereum, Cardano is a more environmentally friendly and “green” cryptocurrency — it uses a proof of stake method that allows validating or mining block transactions according to the number of coins the investor holds, unlike Ethereum’s or Bitcoin’s proof of work method, which requires a global network of computers to validate and confirm transactions and issue new coins.
This is a much more “healthy” and environment-friendly alternative, and that is the reason why Cardano managed to get into the spotlight of investors.
However, apart from its technology, Cardano is also striving to be used in real-life use cases. For instance, in addition to the already existing alliance with Ethiopian’s Ministry of Education in assisting with the goal of programming blockchain-based universal student credential systems, Cardano plans to create a blockchain tech for this country’s ID system. In case it goes as planned, we can expect other countries to move in the same direction, and thus guarantee Cardano’s bright future.
Projects like Polkadot represent a next-generation blockchain protocol that enables cross-blockchain transfers of any type of data or asset, not just tokens. Besides, interoperability protocols like Polkadot can process multiple transactions in parallel, thus solving the issue of the so-called bottleneck that happens on legacy networks that process transactions one by one.
This kind of technology improves scalability and creates a lot of room space for future project growth. Just like Cardano, it uses a Proof of Stake method and thus it makes projects like Polkadot more environment-friendly cryptocurrency.
Is there a demand for other coins?
When it comes to investing in digital assets it may not be easy to pick one. Surely, you can put your money in the Top 3 currencies in the crypto market, but what about the rest of them? Currently, there are around 7 thousand cryptocurrencies on the CoinMarketCap website alone, and you might think that investing in the most recently added currencies or those with a low market cap would be potentially profitable.
However, it may not be that simple. The problem with cryptocurrency space is that a lot of crypto projects have no real utility or use cases at all — a study conducted a couple of years ago showed that even among the Top 100 of cryptocurrencies by market capitalization only 36 have real utility.
When it comes to investing, you should always do your research first to see if the project is actually worth it and if it has a real life use case. For instance, meme coins with nothing but hype might not be a good idea for investment, and, on the contrary, projects like Binance Coin, which is a currency of a well-known and popular crypto exchange, might be worth investing in.
If you can’t choose one particular cryptocurrency, then you can pick several projects to invest in. Crypto experts believe that you shouldn’t put all your eggs in one basket, so making your investment portfolio more diversified is actually a good thing.
What will crypto be worth in 2030?
Different experts have different opinions on the question of how much cryptocurrency will cost in the near future. If we go deep into the subject, we could see that those forecasts vary greatly: some experts say Bitcoin will go up to $250,000, others are more sceptical and believe it won’t succeed that much.
For instance, billionaires and crypto entrepreneurs Winklevoss Twins are confident that Bitcoin will eventually reach $500,000 by 2030. Anthony Pompliano, co-founder and partner of Morgan Creek Digital hedge fund also believes Bitcoin will have a steady rise in price and can be traded at $300,000 in 2025 already.
Most of the experts agree that Bitcoin will remain the number one cryptocurrency and we can all expect more and more adoption of it from banks, hedge funds and other representatives of the CeFi.
Ethereum’s future price forecast might be even more bullish, according to experts. Ryan Gorman, co-founder of the Trade the Chain app believes it can go up as high as $100,000 in 2030. All that will be due to the nature of the Ethereum platform that, according to Gorman, will remain the most popular platform for the deployment of DApps in the crypto space.
A cryptocurrency research firm Crypto Research Report tends to be more realistic about Ethereum. They predict ETH to reach $7,000 by 2025, and $21,000 by 2030. What most of the experts believe is that the next upgrade of Ethereum 2.0 will make a major impact on the coin price, and in case the upgrade succeeds, Ethereum will be able to surpass competitors like Polkadot and Cardano in terms of scalability and transaction solutions.
As for the overall crypto market capitalisation, the experts believe it will more than triple, and we can witness it hit almost $5 billion by 2030. The main drivers for that will be having more transparency in global payment systems and increased demand for international remittances. The most significant growth will be in the Asia Pacific region due to the increasing number of mining businesses.
What are the biggest concerns about crypto?
Biggest crypto concerns are lack of regulation and volatility. For now, the only thing that the investors can do is to adapt and learn how to squeeze the maximum profit out of it.
Which cryptocurrency has the best future?
These cryptocurrencies might have the best future: Bitcoin, Ethereum, Cardano and Polkadot.
What will crypto price be in 2030? ›
According to Changelly, BTC might peak at around $937k in 2030, with the cryptocurrency trading at an average price of $798k.Which crypto will rise in 2030? ›
- In the next crypto bull market, the most likely coins to attain a trillion-dollar market cap are Bitcoin, Ethereum, and Solana.
- Bitcoin, once considered to be "digital gold," is the only crypto that has ever attained a trillion-dollar market capitalization.
With the bear market showing signs of coming up to an end, Bitcoin easily stands out among the top 10 cryptocurrencies that could explode between 2022 and 2025.How much will ethereum be worth in 2030? ›
Ethereum (ETH) Overview
Bullish Ethereum (ETH) price predictions range between $6,525.07 and $12,325.14 by 2030. Market analysts believe ETH could reach $5,075.06 by 2025.
Answer: Bitcoin could be worth between $800,000 and $1 million in 10 years based on analysts' predictions. The $1 million price target is anticipated in 2030.What will crypto be in 2040? ›
According to Telegaon's BTC prediction, bitcoin could trade at $175,109.22 in 2030, and more than double by 2040 to a potential average of $353,429.23.Which crypto will rise after 5 years? ›
Bitcoin Will Lead the Next Crypto Bull Market
After a meteoric rise in the past decade, many industry experts have questioned whether it could lead to the next crypto bull market. Bitcoin has a strong network effect, and many investors are bullish on its future.
The 5 next cryptocurrencies to explode in 2023
C+Charge - A project that seeks to revolutionise the EV charging industry. RobotEra - A Sandbox-like planet-rebuilding game. IMPT - A carbon credit ecosystem and shopping platform.
Now, a panel of cryptocurrency experts has predicted bitcoin will overtake the U.S. dollar as the dominant form of global finance by the year 2050—putting the bitcoin price at just over $66,000 by the end of 2021. The bitcoin price has surged through 2021 but its rally has stalled--some think bitcoin is going to ...Which crypto will make you rich in 2023? ›
Market research has brought forward 6 cryptocurrencies that have immense potential to deliver huge gains - Fight Out (FGHT), Dash 2 Trade (D2T), C Charge (CCHG), RobvotEra (TARO), Calvaria (RIA) and RenderToken (RNDR).
What crypto will be the best in 10 years? ›
Investors can look at top altcoins such as Ethereum, XRP and MATIC as the best long-term investments for HODLing. On the other hand, many emerging tokens such as FGHT, D2T, CCHG and IMPT can also provide huge long-term returns.Which coin will pump in 2023? ›
2023 promises to be a big year for Shiba Inu as it seeks to transition from a popular meme coin to a serious player in the DeFi space with the release of Shibarium. This network promises lower costs for SHIB transactions while providing a platform for creating dApps.Where will Ethereum be in 20 years? ›
CaptainAltCoin was also optimistic, and indicated the ethereum future value could reach $32,424.33 by 2030. It went on to make an ethereum price prediction for 2040 that estimated the coin could go on to $64,848.66.How much will Cardano be worth in 2030? ›
Cardano price prediction March 2030: Cardano's price for March 2030 according to our analysis should range between $1.62 to $1.86 and the average price of ADA should be around $1.74.How much would 1000 dollars in Ethereum be worth in 5 years? ›
According to data presented by BlockArabia.com, a $1,000 investment in Ethereum five years ago would be worth nearly $195,000 today, bringing a whopping 19,400% gain.Is crypto going to be around in 5 years? ›
After a big down year in 2022, the crypto industry will regroup in 2023, with those still standing ready for a big push heading into 2024. In other words, next year is a year of continued survival, with a look toward a return to huge gains in the years ahead.What will $100 of Bitcoin be worth in 2030? ›
A $100 investment in Bitcoin could purchase 0.00607 BTC today based on a price of $16,466.14 at the time of writing. If Bitcoin hits the $1 million price target by Wood in 2030, the $100 investment would turn into $6,070.Is crypto worth holding long term? ›
In 2023, crypto seems to be on the cusp of finally being recognized as a viable long-term investment option for patient, buy-and-hold investors. Big institutional investors are grudgingly acknowledging that crypto is an asset class worth investing in, albeit a very high-risk and volatile asset class.What will crypto be worth in 20 years? ›
His short-term Bitcoin price prediction is set at $100,000 and $500,000 by 2030.How much will 1 Bitcoin be worth in 2050? ›
Bitcoin price prediction for 2050
According to the calculation, Bitcoin's price could increase to $6,680,000 by 2050 and grow by more than +27,700% over the next 27 years. Bitcoin could become a multi-million dollar asset by 2050.
What is a realistic Bitcoin prediction for 2030? ›
Bitcoin 2030 Price Prediction Bullish with $1,000,000 the Target Price. By carrying out a rudimentary extrapolation of BTC price movements since 2017, BTC is on a run rate to hit $191,000 by January 2030.Which crypto will 100x in 2030? ›
Polygon wants to assist Ethereum to improve security, efficiency and scalability. If Ethereum continues to grow and thrive in the future, Polygon could be a promising Layer 2 blockchain investment. Polygon co-founder Sandeep Nailwal believes that Polygon could see 100x growth by 2030.Which crypto has best future? ›
- Bitcoin (BTC) Bitcoin has been around for the longest of any cryptocurrency. ...
- Ethereum (ETH) ...
- BNB (BNB) ...
- Cardano (ADA) ...
- Polygon (MATIC) ...
- Terra 2.0 (LUNA) ...
- Avalanche (AVAX) ...
- Chainlink (LINK)
- #1 Bitcoin (BTC)
- #2 Ethereum (ETH)
- #3 Cardano (ADA)
- #4 Tether (USDT)
- Invest in Cryptos with WazirX.
In Analytics Insight, Sanyal says that market analysts predict that Bitcoin could hit USD $100,000 by the end of 2023, and others say it can climb to the mark in the first quarter of 2022.Which year will crypto rise again? ›
Bitcoin PRICE PREDICTION 2025-2030
During 2026, the price may try to recover, but it is likely to remain bearish in the first half. The price may begin with a minor upswing in H2 2026 that may intensify in 2027, which may further reform into a strong bull run ahead.
Our top pick for the next fastest growing cryptocurrency coins in 2023 is Meta Masters Guild. Currently available in stage 1 of its presale, the project is building the world's first dedicated Web3 gaming platform and also has a token, MEMAG, that will increase in price by 228% before it even reaches exchanges.Will crypto be here forever? ›
Will Bitcoin function like pocket change or bars of gold in the year 2140? The Bitcoin ecosystem is still developing, making it possible that Bitcoin itself will continue to evolve over the coming decades. But however Bitcoin evolves, no new bitcoins will be released after the 21-million coin limit is reached.Will crypto overtake money? ›
Though there are infinite ways the future of money can evolve, Prasad predicts the combination of cryptocurrency, stablecoins, central bank digital currencies (CBDCs) and other digital payment systems will lead to the “demise of [physical] cash.” However, he emphasizes that one technology alone won't overtake it.Will crypto replace currency? ›
The top US bank regulator says that crypto tokens are unlikely to replace traditional currency and that banks should proceed cautiously when they experiment with the asset class.
Which crypto can give 1000X in 2023? ›
- Ethereum (ETH)
- Cardano (ADA)
- Tron (TRX)
- Ripple (XRP)
- Dogecoin (DOGE)
- NEO (NEO)
- Shiba Inu (SHIB)
Our top choice for the best penny crypto with the potential to breach $1 in 2023 is MEMAG – the native token of Meta Masters Guild. This ERC-20 token will be utilized to power Meta Masters Guild's Web3 gaming ecosystem and can also be used for staking rewards within the platform.What is the safest cryptocurrency? ›
Bitcoin is the original cryptocurrency and still the most widely used. It is also the most stable, with a market capitalization of over $100 billion. Binance coin (BNB) is another safe option since it is also one of the largest cryptocurrencies on the market and it runs on the secure binance smart chain.Is it worth buying crypto now? ›
Investing in crypto assets is risky, but can be a good investment if you do it properly and as part of a diversified portfolio. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency.Which crypto has highest potential? ›
Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs). Ethereum has also experienced tremendous growth.Which coin will boom in 2024? ›
Sometimes, currencies like Bitcoin come up, and after that, altcoins take over. However, according to experts, cryptocurrencies like D2T, IMPT, TAMA, and RIA will rally into 2024 with massive potential.What are the top 3 cryptocurrency to invest in 2023? ›
- Tamadoge - Meme-Inspired Metaverse Gaming Arcade. ...
- Binance Coin - Cryptocurrency Issued by the Binance Exchange. ...
- Polkadot - Multi-Chain Platform Enabling Blockchain Interoperability. ...
- Cardano - PoS Blockchain Platform With High Developer Activity.
A $100 investment in Ethereum today could purchase 0.0489 ETH.What will Ethereum price be after 10 years? ›
Looking ahead to the end of the decade, DigitalCoinPrice predicted that the ethereum price in 2030 could reach $7,347.97, based on historical data.How much will Ethereum be 10 years from now? ›
DigitalCoinPrice Ethereum price prediction for 2022, 2023, 2025 and 2030. DigitalCoinPrice also provides a positive Ethereum price prediction for the next 10 years. They believe that the coin may close in 2022 at over $1,600 and that its maximum value in 2026 could be $5,088.
Can ADA reach $500 dollars? ›
What Is Cardano (ADA)?
|Year||Minimum Price||Average Price|
Even the most bullish of Cardano supporters acknowledge that Cardano will only potentially surpass Ethereum within six to 10 years, not earlier. Right now, Cardano only has a total market capitalization of $12 billion, while Ethereum has a total market capitalization of almost $160 billion.How long should I hold Ethereum? ›
However, we think ethereum is a good long-term investment for the next one to three years and are bullish overall. That means we expect prices to rise in the long term.What is a realistic Ethereum price 2025? ›
Ethereum Price Prediction 2025
Based on the technical analysis by cryptocurrency experts regarding the prices of Ethereum, in 2025, ETH is expected to have the following minimum and maximum prices: about $3,976.21 and $4,744.87, respectively. The average expected trading cost is $4,119.37.
Ethereum Price Prediction 2022-2030.
Dogelon Mars (ELON) Overview
Bullish Dogelon Mars (ELON) price predictions range between $0.000002 and $0.000003 by 2030. Market analysts believe ELON could reach $0.000001 by 2025. Bearish Dogelon Mars market price prediction for 2023 is $0.000000300969.
The global cryptocurrency market is expected to grow from $1.44 billion in 2020 to $1.63 billion in 2021 at a compound annual growth rate (CAGR) of 12.9%. The market is expected to reach $2.73 billion in 2025 at a CAGR of 13.8%, according to ResearchAndMarkets.How much will crypto be worth 2050? ›
A recent report from CoinDesk, the average price prediction for Bitcoin in 2050 is $511,000. That would represent a more than 2,500% increase from the current price of around $19,000.What is Dogecoin expected to be in 2030? ›
Digital Coin Price analysts are also bullish on Dogecoin long term as seen in their Doge price prediction for 2030. In December 2030: The price of Dogecoin is predicted to reach a minimum worth of $0.38 in 2030 and a maximum level of $0.42. The average includes an average trading price of $0.40 throughout 2030.
What will Luna be worth in 2030? ›
By 2030, they expect LUNA to be trading at $0.00135777, representing a potential increase of 632% from its current price.What is the highest crypto price in 2030? ›
Bullish Bitcoin (BTC) price predictions range between $104,486.37 and $197,363.15 by 2030. Market analysts believe BTC could reach $81,267.18 by 2025. Bearish Bitcoin market price prediction for 2023 is $18,575.36.Will crypto be big in 2023? ›
In Analytics Insight, Sanyal says that market analysts predict that Bitcoin could hit USD $100,000 by the end of 2023, and others say it can climb to the mark in the first quarter of 2022.How much will $1000 in Bitcoin be worth in 2025? ›
Given its steady growth rate, and accommodating all the factors that indicate the sustainability of its current growth trajectory, an investment of $1000 today will comfortably yield a return of about $11,530 by 2025.Will crypto keep growing? ›
Analysts estimate that the global cryptocurrency market will more than triple by 2030, hitting a valuation of nearly $5 billion. Whether they want to buy into it or not, investors, businesses, and brands can't ignore the rising tide of crypto for long.