Bitcoin and ethereum are down more than 50% from their all-time highs in late 2021. While there have been small surges in recent weeks, the crypto market as a whole is largely stalled. While no one knows for sure, some experts say crypto prices could fall even further before any sustained recovery.
Is there a new crypto/coin that's booming now which has a lot of potential in the future?
- Thread starter Castelione
- Start date
Some experts predicted that the cryptocurrency will dip further. Based on my market research, i also found out that the cryptocurrency, most especially bitcoin is overbought and it is a clear indication of a downtrend.
Most of the cryptocurrency traders would want to go with the Bitcoin because this particular cryptocurrency has the ability to surge in the future based on the fact that it is good as a store of value.
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For now I'm not sure there's any due to the "silence" the market is experiencing. The whole buzz has died down a lot and people investing in this sector are finally going back to understand the basics.
Cryptocurrency is a form of currency that exists solely in digital form. Bitcoin (BTC). Market cap: $377 billion. Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency.
Cryptocurrency exist only in the digital form and that is why it is called digital asset.
The Bitcoin is a very promising cryptocurrency because it has potential to surge in the future and it could be used as a store of value.
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Absolutely true. You can generate funds from your Investment all at the comfort of your home, work or wherever you find yourself. This digital platform really helps a lot.
The next hot coin is Luna classic. It has the crash of Terra Luna serve as a catalyst for it's popularity. Binance recently announced that they will burn all transaction fees associated with it, so it will probably explode sometime soon.
Luna classic is a failed project it seems you are mistaking terra(LUMA) luna (LUNC).
The lunar classic was the failed stablecoin that was pegged to the dollar.
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The truth is, we are currently bearish in the cryptocurrency markets and this a risk off phenomena.
I wouldn't suggest any cryptocurrency at the moment.
I wouldn't suggest any cryptocurrency at the moment.
The bearish move in the market will be very difficult to make predictions presently but we cannot overemphasized that it is really possible for some coins to reach the moon and I'm looking at the Bitcoin.
Actually alot of cryptocoin are right now available but we all know that you can not overestimate or underestimate any coin available because the value price can really be booming today and then fall back to it starting point tomorrow so it's uncertain.
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Yeah Bitcoin has a potential for that and I strongly believe that it might begin it's bull run hopefully next year.
But currently the interest rates of the dollar is something to look out for
The only cryptocurrency is right trust the most is Bitcoin because it has lots of potentials and it has the ability to surge anytime. I will definitely invest in Bitcoin more and more if I have the cash.
I don't think it's safe to invest in bitcoin right now. Before, we say the best time to invest on bitcoin is when there's decline in it's price. So, you when it's price increase because we believe that no matter how low the price of bitcoin can go, it'll rise back. But with the current happening, the best advise is to have patience as regard investing on bitcoin.
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You have given a very wonderful advice because the market is bearish presently and it will be difficult to invest your money on uncertainty.
We have not been receiving a clear signal on whether to buy or sell Bitcoin.
There are many coins which has potential to grow but you need to make some researches about it because when you do researches yourself you will know many things about that certain crypto.
I opine that Cardano is a cryptocurrency which is really high in potential because it has a low market capitalization and has recently acquired a smart contract which will herald the dawn of NFT creation on this network
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No any other popular coins rather than these all mention about and Bitcoin is on the top of potential by boming because this is one of the famous coin in the world.
I'm not aware of any brand-new cryptocurrencies that are dominating the market, but I am aware of several established and historical cryptocurrencies, like bitcoin, that are doing well and have a lot of potential for growth in the future.
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