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Altcoin Season 2021 – $151 Trillion Market Cap?

We’ve written frequently about the 4 year cycle in cryptocurrency prices. Cryptocurrency – this first of which was Bitcoin – was introduced in 2009. Four years later, in 2013, prices surged to a blowoff top. Exactly four years later, in 2017, prices again surged to another blowoff top.

Using this 4 year cycle as a guide, later this year, in 2021, the cryptocurrency market should again experience another blowoff top.

Using this 4 year price cycle in cryptocurrencies, we’ve made predictions on how high the price of Bitcoin could go. We’ve also made 2021 price predictions for altcoins such as Ethereum, Chainlink, EOS, Stellar Lumens and others.

But what about the entire altcoin market as a whole?

Let’s take a look at the previous altcoin season and use that price information to make an educated forecast of where the altcoin market is likely headed later this year.

Whereas Bitcoin was released in 2009, the first Altcoin wasn’t released until 2011. However, Bitcoin is the undisputed leader of the entire cryptocurrency market. The 4 year cycle in altcoins does not see a peak 4 years after the introduction of the first altcoin, but rather the altcoins follow the leader – Bitcoin – and rise and fall in tandem with it.

Here is the chart of the first blowoff top of the entire altcoin market cap:

You can see from the chart above that the total market cap of the entire altcoin market reached its peak of $2,004,339 billion on December 4, 2013.

Like Bitcoin, after reaching its blowoff top in 2013, the altcoins went into a bear market for the next 2 years.

It was not until June of 2016 that the altcoin market convincingly topped its previous all time high, and it wasn’t until more than 3 years later, on December 28, 2016 – exactly 1,120 days – that the altcoin market exceeded its previous all time high for good.

What did the altcoin market do after exceeding its old all time high for good?

The answer can be found in the following chart:

After permanently exceeding the 2013 all time high on December 28, 2016, altcoins then rose for the next 375 days to set a new all time high of $551,926,104 billion on January 5, 2018.

That’s a gain of 27,536%, or stated another way, 275-to-1.

Now let’s take a look at what has happened since then, and see if the altcoin market is following the same pattern, and if so where the 2021 altcoin season is heading.

The 4 Year Cycle In Action

Like what happened in 2013, after reaching its blowoff top in 2017, the altcoins went into a bear market for the next 2 years.

It wasn’t until more than 3 years later, on February 11, 2021 (4 days ago!) – exactly 1,133 days – that the altcoin market exceeded its previous all time high for good.

Wow.

The cycles are amazingly close. In the previous altcoin cycle it took exactly 1120 days for the altcoin market to convincingly exceed its previous record peak, and in the current altcoin cycle it has taken 1133 days to do the same.

The difference in timing is a mere 13 days, which is only one tenth of one percent!

So where to from here?

The Next Altcoin Blowoff Top

Using this cycle as guidance, it would indicate that the altcoin market will go up for the next 375 days and reach a top on February 20, 2022.

If the overall percentage gain is identical, that would place the total altcoin market cap at over $151 trillion.

Is that even possible?

Our opinion: one word, yes.

Let’s see where we are a year from now.

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Bitcoin News Cryptocurrency News

Be Expecting News Headlines Warning of “The Bitcoin Bubble”

The prices of Bitcoin and altcoins have been climbing in recent weeks. We’ve written a fair amount about the 4 year Bitcoin cycle and have pointed out that 2021 is the next iteration of a significant crypto bull run.

We want to give you a heads up regarding news stories that you are almost certainly going to be subjected to this year: In 2017, the higher the price of Bitcoin climbed, the more stories were published about the “Bitcoin bubble”.

A simple google news search for “Bitcoin bubble” with a date range of the entire year brings up hundreds and hundreds of articles. Here’s just a small sampling:

WBUR.org published, “The Bitcoin Bubble: Deciphering Digital Currency” on June 1, 2017. A quote from the article:

There are a couple of reasons why the bubble is sure to burst. The first is just that it’s a bubble, and any chart which looks like the one at the top of this post is bound to end in tears at some point. 

CNBC published “Mark Cuban calls bitcoin a bubble, price falls” on June 6, 2017. The article included this statement:

Bitcoin gave back most of its gains on Tuesday after billionaire entrepreneur Mark Cuban said in a series of tweets the digital currency is in a bubble. Cuban Tweet: I think it’s in a bubble. I just don’t know when or how much it corrects. When everyone is bragging about how easy they are making $=bubble

The Economist published “What if the bitcoin bubble bursts?” on June 3, 2017. The news story proclaimed:

Is the latest frenzy like tulipmania, a gold rush or the dotcom boom? MARKETS frequently froth and bubble, but the boom in bitcoin, a digital currency, is extraordinary. Although its price is down from an all-time high of $2,420 on May 24th, it has more than doubled in just two months.

There are hundreds upon hundreds of news stories from 2017, all claiming that Bitcoin was in a bubble and implying that anyone holding Bitcoin was going to lose everything once the bubble popped.

These stories were published in every month of the year, however, the higher the Bitcoin price climbed, the more frequent the stories became.

We expect the same stories to be rolled out again en masse this year, as the price of cryptocurrencies soar in a major, breathtaking bull market.

There are bear markets, and there are bull markets. If our forecast is correct, the top of this bull market in cryptocurrencies will not be reached until mid to late December this year.

We are not going to let the coming onslaught of Bitcoin bubble stories frighten us into selling prematurely.

A word to the wise.

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Bitcoin New All Time High In February?

We’ve written extensively about the 4 year cycle in Bitcoin and Altcoins. Just two days ago we released our Bitcoin and Altcoin forecast for February and March.

We pointed out how closely 2021 price behavior is following 2017 price behavior:

This year, Bitcoin reached its high on January 8, only 3 days later than it did in 2017.

In 2017, the previous 4th year of the Bitcoin cycle (2021 is also a 4th year of the Bitcoin cycle), Bitcoin made an intermediate high on January 5 and an intermediate low on January 25.

This year, Bitcoin made an intermediate high on January 8, and made an intermediate low on January 28 – again, exactly 3 days later than it did in 2017.

The timing of these swing lows and highs is remarkable.

Using this data, we predict that February will not see a new all time high for the price of Bitcoin.

If the pattern continues to follow 2017 this precisely (at some point it will diverge, markets don’t repeat so precisely for extended periods of time), the new all time high for Bitcoin will not arrive in February, as the pattern in 2017 saw Bitcoin top its early January high on February 28th of that year.

Comparing 2021 to 2017, the cycle has been experiencing a 3 day delay, which would suggest a new all time high for Bitcoin will not be reached this year until March 3.

Of course, this forecast is not guaranteed. Highly charged positive crypto news events could cause Bitcoin to surge to new highs sooner, while the unexpected appearance of negative Bitcoin news sphere could delay the timing of a new all time high for Bitcoin.

We are quite certain, however, that a new all time high for Bitcoin is only a matter of time.

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Bitcoin News Cryptocurrency News

2021 Bitcoin Price Prediction: $250,000

If you’ve already read our Bitcoin price predictions, you are aware that we’re calling for Bitcoin to reach a price between $379,825 and $1,329,389 later this year. You may also be aware that Tim Draper is predicting the price of Bitcoin to reach $250,000 next year.

Tim Draper isn’t the only forecaster calling for the price of Bitcoin to reach a quarter of a million dollars. The Bitcoin Stock-to-Flow model is predicting the same price, by the end of this year.

PlanB, the creator of the model, a few moments ago tweeted that the model is predicting a 20% monthly increase in value of Bitcoin for the remainder of this year. That would put the price of Bitcoin at $250,000 each by December 31, 2021.

We would like to point out what should be obvious: the model predicts a steady 20% monthly increase in the “value” of Bitcoin. Theoretical value and market price can often be quite different. During periods of fear and negative press, market conditions can can cause the price to be substantially lower than value, and during periods of extreme bullishness and greed (as illustrated by the crypto fear and greed index), market conditions can cause the price to be bid to levels that are significantly higher than the value indicated by the model.

Nevertheless, there are strong indications from several factors – our favorite being the 4 year cycle – that the price of Bitcoin will be six digits later this year.

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Bitcoin (And Altcoin) Price Trends Expected In February And March

Several of our news articles this year – as well as several from last year – included details regarding the 4 year cycle in cryptocurrency prices. The editors at Top5Cryptos are strongly of the opinion that the entire cryptocurrency market is correlating to the previous 4 year cycle patterns in excess of 90%.

Our cryptocurrency price predictions for 2021 are base upon the correlation to the 4 year cycle, among other specific factors.

Using this year cycle pattern, we are going to predict the general price action of the crypto market for the months of February and March.

First, though, we will look at the crypto price behavior during the previous 4 year cycle top of 2017.

Bitcoin Price Performance In Early 2017

Bitcoin started the first day of 2017 at $1,003. It rose rapidly, gaining nearly 19% by January 5th.

Bitcoin then fell by 24% to reach a low on January 25.

From that date, Bitcoin basically bounced up and down in price without going much in either direction. Prices were choppy from January 25 until February 16.

From February 16 to February 24, Bitcoin had a sustained upward movement in price, reaching the same price that it had attained on January 5 of that year.

From February 24 until March 1, the price of Bitcoin remained near the high of January 5. However, on March 2, Bitcoin broke out above the high of January 5, rising about 8% above the peak price attained in early January.

Bitcoin then suffered a 20% correction into a low on March 19.

Bitcoin then again experienced choppy sideways price action until March 30.

April was the month that the climb in the Bitcoin price really kicked into high gear and Bitcoin left for good the trading range it had been in the first 3 months of the year.

Here is what the Bitcoin chart looked like for the above described time period in 2017:

Using this price behavior taken from the previous 4 year cycle time frame, we are going to compare it to the price behavior of Bitcoin this year.

This year, Bitcoin reached its high on January 8, only 3 days later than it did in 2017.

Since then it has been following the same type of price action that transpired in 2017.

We have no reason to believe that the price of Bitcoin will stray much from its previous price behavior.

Our Bitcoin Forecast For February and March

Using the data above, the price of Bitcoin should get back to the $42,000 range around February 23 – 26.

From there, it should make a new all time high around $45,000 to $47,000 the first week of March.

After reaching a new all time high in early march, Bitcoin will likely fall to the range of $30,000 around the 3rd week in March.

The the fun REALLY begins for crypto bulls.

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Bitcoin News Blockchain News Cryptocurrency News Ethereum News

EOS Price Prediction

It’s January and today we’re adding our EOS price prediction to the list of coins that we’ve already made a 2021 forecast for. Later on down the page we’ll explain more about EOS and our reasons for being so bullish on it, but you’re here for the price prediction and we’ll jump right to it.

As always, we like to review price forecasts made by others in the crypto industry before we provide our own. This gives you a reference for easy comparison.

Diverse EOS Price Forecasts For 2021

Capital.com shares these EOS price predictions:

According to TradingBeasts, the EOS price in December 2020 will reach a maximum of $3.4, after which the forecasting service expects it to drop back down to $2.7, on average.

In January 2021, its EOS crypto price prediction shows the coin remaining near this level, at around $2.7, later expecting it to experience a slow but steady rise throughout the year, with the coin having the potential to hit a high of $3.9 next December. The average price of EOS is predicted to reach $4.07 in December 2022, and then $5.03 in December 2023.

Wallet Investor also expects the currency’s price to rise in early 2021, although their EOS coin forecast says that the asset will see a price crash in the second half of the year. The event will potentially lead EOS down to $1.2 one year from now.

As for CryptoGround, they have a very bullish EOS prediction. In fact, their EOS forecast claims that the coin will simply keep climbing, with its value reaching $4.17 in six months, $4.7 in one year, and $21.4 by December 2025.

PrimeXBT reports its 2021 price prediction for EOS:

EOS doesn’t have much price history to analyze for repeating patterns, however, the symmetrical triangle the asset has been trading within for its entire lifecycle was preceded by a powerful rise.

After a breakout of resistance and signaling the end of the bear market, EOS could experience another extremely powerful burst upward, returning to prices near $15 per EOS in 2021 or 2022.

Capitalcoin lists these 2021 EOS price predictions:

CoinFan

Coinfan sees EOS reacing $47 in December of this year, after a string of months with constant gains.

TradingBeasts

Algorithm at Tradingbeasts.com has a much more conservative approach to EOS price, putting it at $7 at the end of the year which still represents more than double of its current price.

Cryptoground

EOS will be levitating around $4.70 according to the Cryptoground algorithm.

Lastly, Trading-education.com chimes in with these two EOS price predictions for 2021:

EOS price forecast for 2021

What are crypto experts forecasting for EOS in 2021?

Now that we’ve explained a bit more about EOS, let’s look forward to 2021 and see what some of the top crypto analysts believe could happen to EOS price. According to DigitalCoinPrice, the outlook for EOS is promising: 

As we can see from this chart, DigitalCoinPrice has forecast that the price of EOS will increase before the end of 2020. Its January 2021 predictions place the price at $6.07, which is more than double its current price of $2.64. The platform believes that the price will then rise to $7.49 in February before slipping down to its lowest point of 2021 in April when it could be worth just $5.47. However, this dip won’t last long. For the rest of the year, DigitalCoinPrice predicts that EOS will swing between $6.20 and $7.39, ending the year on a brief bullish trend. 

If you’re wondering ‘is EOS a good investment?’, this outlook is reasonably optimistic. It shows that the price of EOS will go up from 2020, but that its progress won’t be linear throughout the year. Those who like to make short-term trades could see the chart above as an opportunity to cash in on short-term fluctuations — for example, by selling in March, buying in April, and selling again in June.

Let’s move on to the platform WalletInvestor to see whether its predictions align with those given by DigitalCoinPrice. We can see its forecasts represented in this graph: 

At the start of the year, the pattern we can see on WalletInvestor’s graph is not unlike that on the graph from DigitalCoinPrice. Both feature a sharp rise at the start of the year followed by a dip around May, before climbing up again in June. They even give very similar values for its yearly ATH, suggesting that EOS will start to approach prices of just under $8. 

The key difference between these predictions is evident in the second half of the year. Whereas DigitalCoinPrice believes that the price of EOS will ultimately close 2021 on an upwards trend, WalletInvestor foresees a very pessimistic bearish run, with its price crashing down to below $1. This is undoubtedly bad news for any investors wondering ‘will EOS go up?’.

These EOS end of the year price forecasts range from about $1 to $47. That’s quite a range!

Our 2021 EOS Price Prediction

We’ve been repeating ourselves somewhat, but it needs to be said again: there is a 4-year price cycle in cryptocurrencies. This cycle is most likely – or at least partially – caused by the Bitcoin halving cycle, which itself is a four year cycle.

To date, no major studies have examined this cycle in detail.

This cycle has existed the entire life of the cryptocurrency market. While it certainly could disappear, we see no reason for this cycle to suddenly vanish.

This 4 year cycle, which has existed in the cryptocurrency market since day one, suggests that 2021 is going to be another roaring year for crypto prices.

Previous 4 Year Cycle Tops

The previous two topping patterns of the 4 year cycle were 2013 and 2017. The next cycle peak is due around Christmas time in 2021.

Bitcoin has been through two complete 4 year cycles. EOS was released in January of 2018, and thus we don’t have any previous cycle price patterns for reference. Price history only goes back to mid January of that year.

Instead, we are going to look at our projected multipliers for Bitcoin, Ethereum, and Stellar Lumens, and prognosticate that the multiplier for EOS will probably be similar.

What Multiple For EOS?

We are predicting bitcoin to go up in price by a factor of 15.4 times to reach its high at the end of this year.

We are predicting Stellar Lumens to go up in price by a factor of 20 to 74 times to reach its high at the end of this year.

We are predicting Ethereum to go up in price by a factor of 18 to 34 times to reach its high at the end of this year.

EOS started 2021 at a price of $2.64 on January 1.

EOS 30x This Year

We believe that the price performance of EOS this year will mirror that of XLM and ETH. As such, we are going to use a multiplier of 30x.

Using this multiplier, we predict a price high for EOS at the end of this year to be $79.20.

Our EOS 2021 Price Prediction: $79.20

That’s our EOS prediction. While it may seem unreasonably high, let us remind you that at that price the total Market Cap of EOS would only be about $79 billion. As of press time, Ethereum has a total market cap of $150 billion. We believe it is reasonable to forecast EOS could reach this size of a market cap.

An Introduction to EOS For Newbies

EOS is actually the indigenous cryptocurrency underpinning the EOS.IO blockchain protocol. EOS.IO is actually an intelligent contract platform for decentralized applications and protocol designed as an enterprise solution for scaling computer resources, emulating computer processing hardware, storage, and other things. EOS was developed, including several high cryptocurrency projects, to resolve the speed, flexibility, and high fees and scalability issues in both Ethereum and Bitcoin.

EOS is actually based on a white paper released in 2017, created by the Dan Larimer and Brendan Blumer lead Block.One. The EOS first coin offering launched in June 2017 and concluded in the following June in 2018. The ICO broke records for probably the largest length of capital raised in an ICO, pulling in more than $4.197 billion.

EOS is actually a blockchain based decentralized platform which allows the development, hosting, and also execution of decentralized applications (dApps). It’s existed for many years, and also like some other crypto project which focuses on development, rather compared to payments – it was influenced by Ethereum.

Nevertheless, EOS has an objective of being better, faster, more scalable and providing greater plus more complex services, making it Ethereum’s rival.

The project started the ICO of its back on June twenty six, 2017, and it ran until June one, 2018. Before, it was probably the longest ICO of all the time, as well as among probably the most successful. After the year long ICO was concluded, EOS emerged with the raised $4.1bn, which quickly attracted attention to the venture.

Like the majority of ICO projects, EOS was launched on Ethereum’s network, from which it later migrated upon creating its own blockchain of late. Sad to say, the project faced quite a great deal of problems if the time for the mainnet launch of its had arrived, receiving a large amount of criticism. After delays, the mainnet finally discovered the launch in mid June, just to purchase frozen 2 days later.

Nevertheless, despite the rocky start, EOS ultimately managed to pull itself collectively, launching rather a skilled blockchain.

EOS is actually among the more debatable crypto tokens across the crypto sector, but due to the disruptive technology of its might have among probably the largest long term profit potential. The blockchain technology behind the EOS.IO protocol has the potential to substantially alter the future of computer resources and applications and improve upon a number of companies and industries. Because of the effective impact EOS might have, it is long term value might increase exponentially.

Using important analysis to forecast the long term view of the crypto asset, and providing complex analysis from specialists from across the industry, long-term price predictions are able to assist an investor decide whether EOS is actually a great investment decision.

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Altcoin Season!

Take Advantage Of Altcoin Price Trends Of 2021

The evidence is abundant that 2021 is the year that will bring a jaw-dropping Altcoin Season. Just as the sun rises in the East and sets in the West, Bitcoin is the first cryptocurrency to rise in price, and the Altcoins eventually follow.

Bitcoin Leads, The Altcoins Follow

There’s no questioning that Bitcoin is the definitive OG of the cryptoshere, as is most likely best highlighted by the point that the flagship digital asset has been in a position to pique the interest of many prominent legacy financial institutions – like Microstrategy, BlackRock, Grayscale – during the last year or thereabouts.

Not just that, in recent months, a selection of banks and venture capital funds as JP Morgan, Raiffeisen, Pantera Capital have projected BTC to scale past beyond the $100k mark with great ease (not to mention our own Bitcoin prediction exceeding $379,000 in 2021), indirectly indicating their growing confidence in this yet incipient asset class.

Even with all the sell offs and volatility which was witnessed during the last week, data available on the web definitely shows that the number of addresses with 1,000 or over Bitcoin (referred to as “whales” in the crypto world) has continued to increase. As is ALWAYS so with professional institutional money, the “buy-the-dip” strategy is employed with full force.

It’s called “talking your book” om Wall Street jargon.

While big institutional players plant news stories and give interviews that create fear, uncertainty and doubt (FUD) – thus driving the price down as nervous traders sell – at the same time they are accumulating for themselves at lower prices.

Like it or not, that’s standard operating procedure for traditional markets, and especially crypto.

Bottom line: whales continue to buy Bitcoin.

And where Bitcoin leads, the altcoins will follow.

Forecasting Altcoin Market Activity for the Coming Year

We’ve been pounding the table that 2021 is going to be another moonshot type of year due to the 4-year cycle. 2013 was the year of the first 4-year cycle top. 2017 was the second instance of a tremendous crypto bull run into the second top of the 4-year cycle.

2021 will be the year of the third top of the 4-year cycle.

In order to gain a better understanding of how the 4 year cycle top will play out, we’ll go back and examine the previous iteration of the cycle.

Looking At The Altcoin Season Of 2017

It’s been said that “History doesn’t repeat, but it sure does rhyme.” If you go back and look at historical prices of Bitcoin from previous years, it’s very obvious that Bitcoin isn’t following the 4-year cycle precisely 100% on a daily basis, but the correlation is over 90%.

In other words, Bitcoin price action rhymes with previous Bitcoin price action.

Let’s look closely at Bitcoin’s price action in 2017 as well as the leader of the altcoins, Ethereum.

Bitcoin Price Action In 2017

Bitcoin was priced at $1,003 on January 1, 2017.

It took 138 days for Bitcoin to double in price. (May 18)

It took 216 days for Bitcoin to triple in price. (August 4)

It took 226 days for Bitcoin to quadruple in price. (August 14)

It took 284 days for Bitcoin to quintuple in price. (October 11)

Ultimately, Bitcoin went up more than 19-fold into the 4-year cycle high on December 17, 2017.

Ethereum Price Action In 2017

Ethereum was priced at $8.20 on January 1, 2017.

It took 60 days for Ethereum to double in price. (March 1)

It took 72 days for Ethereum to triple in price. (March 13)

It took 74 days for Ethereum to quadruple in price. (March 15)

It took 75 days for Ethereum to quintuple in price. (March 16)

By the first day of summer, June 21, Ethereum had increased in price by a factor of 41 times over.

Ultimately, Ethereum went up more than 170-fold into the 4-year cycle high on January 10, 2018.

Altcoin Season Lessons

Looking at the above prices of both Bitcoin and Ethereum, we can gain insights into how the altcoin season of 2021 will unfold.

Here are some key takeaways:

  1. Once altcoin season starts to gain momentum, prices of meritable altcoins will rise faster than Bitcoin.
  2. March is likely to be a very good month for the leading altcoins.
  3. By the summer of 2021, a handful of the best altcoins should be as much as 40 times higher in price compared to where they started the year.
  4. The top altcoins could go up in price more than 150 times their value at the start of the year.
  5. Bitcoin will reach its 4-year cycle peak 3 to 4 weeks before the altcoins do, and will start its new bear market.
  6. The entire altcoin market will follow Bitcoin into its next bear market.

Specific Price Targets

There’s no question in our minds that 2021 is going to be a very, very exciting year for cryptocurrency investors.

You should, however, remember that prices don’t move in a straight line higher. Bitcoin Experienced several LARGE drops in 2017, even though the the overall trend was wildly bullish.

The same is likely to be the case this year.

If you’d like to see some of our specific 2021 price predictions for specific coins, simply head on over to this page.

Altcoin Season Basics

An altcoin season is also a term used for a season in which an altcoin is outperforming the price of the original: Bitcoin. There are three stages to an altcoin season. The first stage is when there is a profiting trend on an altcoin that is very new, or a trend that is new to a particular altcoin. The second stage is when the profiting trend dies down, and there is no longer any substantial profit potential from the altcoin in question.

In the third phase, after the profiting trend has died down, the altcoin season starts to see a new influx of traders who are looking to make a long position in the market. By this stage, the profitability potential in trading on any altcoin is significantly reduced. During the second phase, the price movement of all-time high prices of bitcoin continues on its upward trek.

One of the factors that makes the altcoin season so interesting to follow is the fact that there is considerable amount of volatility in the market. The large increase in volatility is what allows an investor to profit from the trading of ether and another high valued alternative currency. Volatility is usually considered a good thing for experienced traders because it increases the opportunities to profit from price movement – both UP and DOWN.

For investors and holders, however, the volatility can be nerve wracking.

lastly, it’s important to remember that the altcoin season doesn’t last forever. In fact, most (statistically it’s over 90%!) investors lose money during the bearish period. However, if you find several profitable altcoins during this time, it can be literally, life-changing.

Come the end of 2021, just remember one fact: trees don’t grow to the sky.

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Blockchain News Cryptocurrency News

Chainlink Price Prediction

This is 4th in our series of 2021 price predictions for some of the major coins by market cap. We’ve already outlined our Bitcoin, Ethereum, and Stellar Lumens price projections for 2021. Today will will provide our Chainlink price prediction.

Further down in this article we will go over the details of what exactly Chainlink is and the potential that it offers, but you’re here for a price prediction, and we’re going to get right to it.

As always, we like to review price forecasts made by others in the crypto industry before we provide our own.

CaptainAltcoin shares the following LINK predictions:

Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the ChainLink (LINK) price, which will give us another point of view to consider:

Trading BeastsLINK – $20.78

Trading Beasts have given LINK prediction on monthly basis and they have forecasted that by the end of 2021, Chainlink might reach $20.78 to the maximum and $10.53 to the minimum.

Coin FanLINK – $23.18

Coin Fan is good at giving optimistic numbers and has predicted that by the end of 2021, LINK might reach $23.18, which is way more bullish and optimistic a prediction. They have even forecasted that by 2023, LINK might reach as much as $300, which is an unbelievable prediction.

Digital Coin Price LINK – $15.74

Digital Coin price also has given a monthly prediction for Chainlink and they have projected that by the end of 2021, LINK might reach $15.743, which is almost double the current price.

Wallet InvestorLINK – $18.32

Wallet Investor is known for giving not so optimistic prediction for almost every digital currencies. Even for Chainlink, it is not quite different. They have predicted that by 2021 end, LINK might go down to $18.325.

Looking at the above forecasts for the price Chainlink might climb to this year, we’d venture to say they need to update their forecasting methods!

LINK has already surpassed 3 out of the four, and has almost surpassed the fourth. Needless to say, there’ still a LOT of time left in 2021 for LINK to keep Climbing.

Let’s review a few other LINK forecasts.

Coinpedia.org offers this prediction:

Chainlink has drawn a lot of attention and attracted new fans to their project. Their activities and appreciation among other industry players have increased trust in the company. By the end of 2021, the coin may reach about $28.

CryptoEinfach reported these Chainlink price predictions for 2021:

Crypto-rating.com determined the year-by-year price change of Chainlink with their own AI-enabled algorithm, they are predicting In 2021, Chainlink will be priced around $19.82.

Digitalcoinprice.com thinks Chainlink will peak in 2024 with around $34.3 their prediction is a bit more pessimistic with a price in 2021 of $20.49.

Once again, LINK has already exceeded the two price forecasts above.

This is the LINK prediction as declared by gov.capital:

Our site uses a custom algorithm based on Deep Learning that helps our users to decide if LINK could be a good portfolio addition for the future. These predictions take several variables into account such as volume changes, price changes, market cycles, similar coins.

Future price of the asset is predicted at $33.033427 (57.429% ) after a year according to our prediction system.

Custom deep learning algorithm? Sounds so sophisticated. However, If our LINK prediction is anywhere near close to what actually occurs, it won’t be very long before it becomes crystal clear that their deep learning algo needs to go back to shcool.

Lastly, here is the LINK forecast provided by the bybit blog:

The Chainlink price is predicted to experience a bullish trend, sustaining over $23 in 2021 and paving the way for an eventual run up to $60 in 5 years

LINK over $23.00 during 2021? With the price of LINK quoted at press time of $22.22, that’s about as risk-free of a forecast as one can make.

It should be very evident from the forecasts above that all the “experts” are unanimously calling for the price of Chainlink to pretty much remain in the range of its current price.

We strongly disagree.

Our 2021 Chainlink Price Prediction

We’ve said it before, but it needs to be said again: there is a 4-year cycle in cryptocurrency prices. This cycle is most likely – or at least partially – caused by the Bitcoin halving cycle, which itself is a four year cycle.

This cycle has existed since the creation of Bitcoin. While it certainly could, we see no reason for this cycle to suddenly disappear this year.

This 4 year cycle, which has existed in the cryptocurrency market since day one, suggests that 2021 is going to be another roaring year for crypto prices.

Previous 4 Year Cycle Tops

The previous 2 tops of the 4 year cycle were 2013 and 2017. The next cycle peak is due around Christmas time in 2021.

Bitcoin has been through two complete 4 year cycles. Chainlink was released in June of 2017, and thus we don’t have a full cycle year to use as reference. Price history only goes back to mid September of that year. as such, we don’t have the data from a previous cycle to use as a basis for making a prediction for this cycle.

Instead, we are going to look at our projected multipliers for Bitcoin, Ethereum, and Stellar Lumens, and reason that the multiplier for LINK will probably be similar.

What Multiple For LINK?

We are predicting bitcoin to go up in price by a factor of 15.4 times to reach its high at the end of this year.

We are predicting Stellar Lumens to go up in price by a factor of 20 to 74 times to reach its high at the end of this year.

We are predicting Ethereum to go up in price by a factor of 18 to 34 times to reach its high at the end of this year.

LINK started 2021 at a price of $11.87 on January 1.

Chainlink 30x This Year

We believe that LINK’s price performance this year will mirror that of XLM and ETH. As such, we are going to use a multiplier of 30x.

Using this multiplier, we predict a price high for LINK at the end of this year to be $356.10.

Our LINK 2021 Price Prediction: $356.10

That’s our LINK prediction. While it may seem unreasonably high, let us remind you that at that price the total Market Cap of Chainlink would only be about $150 billion. As of press time, Ethereum has a total market cap of $140 billion. We believe it is reasonable to forecast LINK could reach a similar market cap.

What’s Chainlink (LINK)?

Chainlink is actually a blockchain platform developed to protect clients against unauthorized access when exchanging data while working for complicated smart contracts. The Chainlink solution offers advanced data protection both outside and inside of the blockchain.

The Chainlink blockchain consists of special nodes known as oracles. For the network to operate right, the smart contracts have to do the job properly, as well as the data sent to them should be dependable. A decentralized oracle network verifies the input data from different sources and then sends them to an intelligent contract. This achieves greater accuracy of input info, and that is at times difficult to confirm in a centralized fashion. Additionally, that eliminates data manipulation. The Chainlink oracle serves as a dependable bridge between data providers and the customers of theirs.

Chainlink is an answer necessary for blockchain to evolve.

Smart contracts enable you to move cryptocurrency from one address to the next when certain conditions are actually met. Readily available for public viewing in the blockchain, smart contracts are actually invariable, which implies that the parameters of the agreement or maybe contract features cannot be changed once they are deployed.

Smart contracts requiring off chain data need to have a dependable source to properly transfer details to the chain before this information is transferred forth and back to any off chain party. The communication issue had formerly held back the improvement of smart contracts. Nevertheless, with the growth of oracles, that issue is a factor of the past. Smart contracts may today be used for an assortment of scenarios.

Oracles

Oracles are actually used to transfer actual data to the blockchain via smart contracts. Any data could be transferred, weather forecast, the football or price details match score. Decentralized financing (DeFi) is actually probably the most typical use of an oracle because these platforms need probably the most correct and trustworthy sources of information readily available to avoid errors.

An oracle is actually a middleman or maybe middleware that functions like a bridge between a number of parties during the data transfer to and out of a blockchain. Oracle checks and transmits serious data to various blockchain ecosystems in which the information is then utilised. When oracles utilized in conjunction with smart contracts, they confirm that the conditions of the intelligent contract are actually fulfilled and that the data provided is actually dependable.

Chainlink’s Applications

Centralized oracles include a problem: if the system fails, it is able to result in a failure on some other platforms, possibly putting users’ funds at risk. If one single oracle shuts down for a short time, it is able to cause chaos for a lot of people. Which generates significant trust issues for a centralized oracle network.

Chainlink’s network of decentralized node operators is financially urged to attain a consensus on data reliability. Abusers are actually penalized for playing unfairly, and the data of theirs gets rejected without reaching consensus with the majority of the network. That is the decentralization element which makes the Chainlink network very safe.

Just how does Chainlink (LINK) work?

Chainlink (LINK) is actually a decentralized network of oracles whose main objective is actually connecting smart contracts with info coming out of the planet. Since a blockchain doesn’t have access that is totally free entry to info outside of the system of its, the oracle acts as an info channel in an intelligent contract.

The Chainlink network uses as its underlying asset LINK tokens, that are required to extract off network data flows. All tokens are actually created into a readable blockchain and off chain network computing system which offers a reliable, secure workflow.

Chainlink is based on clients and information providers. Clients choose specific desired data, as well as providers share just this data. Being a guarantee, data providers block a particular percent of LINK tokens if they publish an offer for data. These tokens may be confiscated in the event of vendor misconduct. At exactly the same time, Chainlink uses the oracle reputation system to gather and assess the data provided. When everything goes smoothly, suppliers just receive the payment of theirs, and everybody is satisfied.

Bottom line: Chainlink connects data providers with the buyers and has a very bright future.

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Cryptocurrency News Ethereum News

Ethereum Price Prediction

Earlier today we reported on the “unprecedented demand” for Bitcoin and cryptocurrencies. As we reported, this very strong demand is the driving force behind pushing the price of cryptocurrencies to all time highs and beyond.

Bitcoin has already more than doubled its previous all time high price of just under $20,000 back in 2017. On the other hand, Ethereum has only recently approached its all time high price from early 2018.

Our prediction for the price of Bitcoin this year is well into the 6 digit range. However, what is our prediction for the price of Ethereum this year?

Here are three Ethereum price predictions made by financial professionals, followed by our own prognostication.

Raoul Pal Ethereum Prediction For 2021 and Beyond

Raoul Pal is well known in financial circles. He is CEO & Co-Founder, Real Vision Group & Global Macro Investor. Raoul Pal leads Real Vision to provide unparalleled access to the very best insights and analysis from the brightest financial minds. He prides himself on being a Business Cycle Economist, Investment Strategist, and Economic Historian.

In a very recent video he states:

But it suggests that Ethereum could go to $20,000 on this cycle. Over time, I believe, and if you look at it, the adoption actually of market cap versus number of wallet addresses of Ethereum is ahead of, significantly ahead of where Bitcoin was.

And you see the distribution of returns – Again, I put some of that on twitter. I’ve written this whole piece. I will do a piece of Real Vision crypto in the next couple of weeks. It shows potentially that Ethereum is getting adopted faster and will potentially have a larger market cap than Bitcoin over time.

Again, I’m not putting a “flippening” happening immediately, blah, blah, bl;ah, I’m talking about platform versus asset. And the platform is often more valuable than an asset.

When Raoul states that Ethereum “could go to $20,000 on this cycle”, he is talking about this year, as in 2021. “This cycle” refers to the next 4 year cycle top, due around Christmas of 2021, or a few weeks later.

Longer term, meaning possibly a decade or so, Rauol believes that the price of Ethereum could be higher than the price of Bitcoin. You can see his full Ethereum prediction in this video:

Tyler Winklevoss 2021 Ethereum Prediction

Tyler Winklevoss recently gave an interview in which he predicted that Bitcoin would eventually be worth at least $500,000. In the same interview he also made some forecasts for Ethereum. he stated:

“So, you know, Ether’s got to upgrade. It’s moving to ETH 2.0. There’s some scalability things it’s got to work through. But, like, I’m an optimist and the smartest folks in the room are working on it. So if Ether’a the global computer in the future, what’s that worth? It’s gotta be a ton, and it’s gotta be worth as much as digital gold I would think, maybe more.”

Previously in the interview he stated that digital gold would be equivalent to a $9 trillion market cap. At the time of the interview a couple of weeks ago, the market cap of Ethereum was $84.56 billion. If the total market cap of Ethereum grows to $9 trillion, that would mean that each Ethereum token would be worth about $78,000 a piece, assuming that the growth of the number of new Ethereum tokens created each day continues at the same pace.

Tyler’s full interview can be viewed in this video:

Blocktown Capital’s James Todaro ETH Prediction For 2021

James Todaro, managing partner at Blocktown Capital, thinks that ETH has the potential to reach a $1 trillion market cap on the basis of the growing DeFi industry. According to his estimate, the value of Ethereum could surge to $9,000.

Our Own Ethereum Prediction For 2021

When looking at the fundamentals, we can clearly see that blockchain is a disruptive technology that will invade all of finance and the economy just as software has done in the past 50 years. Fundamentally speaking, crypto is the future.

That’s the basis for our forecast of the continued growth of the industry.

Fundamentals vs. Technicals

When it comes to price forecasting, we always want our technical price analysis to dovetail with our fundamental analysis. Our technical analysis looks at past price behavior, and our fundamental analysis sheds light on whether or not we feel it likely that previous price trends will continue or not.

In the case of Ethereum, like the 3 analysts above, we do feel confident that the positive price trends will continue.

The 4 Year Cycle In Crypto Prices

There is clearly a 4 year cycle in the cryptocurrency market. The next 4 year cycle peak is due around December of 2021.

Bitcoin has gone through 2 complete cycles, but Ethereum has not. With less of a track record, it makes it more difficult to predict where the price of Ethereum will be at the end of 2021.

Looking back at the previous year which was a 4 year cycle top, 2017, Bitcoin started the year on January 1, at $998.33. It ended the year on December 31, 2018 at $14,156.40, after climbing over $19,400 in mid December of that year. Depending on whether you’re looking at the highest price reached in mid December or whether you’re looking at the end of the year price, Bitcoin went up by a factor of between 14x and 19x during the last 4 year cycle top.

While this performance is still exceptional, it is quite a bit less than the gains from the previous 4 year cycle top that happened 4 years prior, in 2013.

Bitcoin started that year on January 1, at $13.30. It ended the year on December 31, at $805.90, after climbing over $1,237 in early December of that year. Again, depending on whether you’re looking at the highest price reached in early December or whether you’re looking at the end of the year price, Bitcoin went up by a factor of between 60x and 93x during the last 4 year cycle top.

The point of looking at Bitcoin’s first two cycles is to see that the first cycle saw larger percentage gain than the second.

Ethereum’s One Cycle Iteration

Ethereum wasn’t created/released until July 30, 2015, so there is no price data from 2013 – it didn’t exist back then.

So Ethereum’s price performance in 2017 was only it’s first 4 year cycle top.

We therefore anticipate that – just like had occurred with Bitcoin – the gains of the second 4 year cycle peak would be less than those of the first 4 year cycle top.

So, how did Ethereum fare in 2017, and what can we extrapolate for 2021?

Ethereum’s Past Price Performance

Ethereum started 2017 on January 1, at $8.20. It ended the year on December 31, 2017 at $736.77, after climbing to $800 in mid December of that year. The Altcoins had a cycle peak that was a couple weeks after Bitcoin reached its ultimate peak. After closing out 2017 at $736.77, Ethereum reached its 4 year cycle peak 2 weeks later on January 13 at $1,423.20. Depending on whether you’re looking at the highest price reached in mid January or whether you’re looking at the end of the year price, Ethereum went up by a factor of between 89x and 173x during 2017 for the last 4 year cycle top.

To recap, Bitcoin went up by 60x and 93x during its first iteration of the 4 year cycle peak, and 14x and 19x during its second iteration.

Ethereum has only seen one 4 year cycle peak during its existence, going up between 89x and 173x.

Price History As A Guide

If Ethereum follows Bitcoin’s lead and the rate of increase slows by the same amount that Bitcoin’s did from the first iteration to the second, that would mean that this year Ethereum will “only” go up between 18x and 34x.

With Ethereum starting the year at $729.12, that equates to a predicted price high between $13,124 and $24,790.

That’s our Ethereum prediction.

As the saying goes, “past performance does not guarantee future results.”

Like all future predictions, at this point in time we don’t know if the forecast is accurate or not, but as of press time, we have a high degree of confidence in our forecast price range being reached.

Time will tell.