Bitcoin is one of the hottest topics in the cryptocurrency market. In mid-April, this asset reached its peak in 2023 and cost more than $30 thousand. Now the price of bitcoin has fallen slightly. However, in the history of BTC there have already been falls followed by rapid growth.
Some analysts still believe that the bitcoin rate will reach $100 thousand in the coming years. Some even claim that the price of BTC will approach $1 million dollars.
It is useful to look into whether bitcoin can reach such heights. You should also consider alternative cryptocurrencies, which can increase in value many times after the first listings. These assets will be a good investment option for those who do not have thousands of dollars for start-up investments in expensive coins.
Altcoins that will grow in the near future: top 3
These projects are at the pre-sale stage. This means that now they can be bought at a reduced cost. Such cryptocurrencies are suitable for both novice investors who are not ready to spend a lot of money and take big risks, and experienced traders who want to diversify their portfolio:
| The project’s native token | Project Mission |
|---|---|
| The first crypto platform for creating unique memes with the possibility of earning from NFTs | |
| An ecological (“green”) crypto project that engages the community and big brands in resource conservation efforts through a financial model and rewards. | |
| A platform of verified freelancers and clients with tokenized copyrights and low commissions |
AiDoge
Given the high volatility of the market and the dynamic regulatory environment, it can be difficult to identify a good investment option. As a result, it is important to choose a platform that has utility and virality potential. These are exactly the characteristics of the new crypto project AiDoge.
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The largest crypto exchange where you can quickly and safely start your journey in the world of cryptocurrencies. The platform offers hundreds of popular assets, low commissions and advanced tools for trading and investing. Easy registration, high speed of transactions and reliable protection of funds make Binance a great choice for traders of any level!
AiDoge combines meme culture, blockchain technology and artificial intelligence (AI). It is the world’s first platform that allows you to generate funny pictures through an AI algorithm and receive rewards for it.
The public wall displays the latest memes created by users. Popular authors receive Ai tokens, which can then be sent to staking and earn even more credits. This ensures the sustainability and constant development of the platform.
Individuals who want to maximize their income on meme creation should act fast. The pre-sale of Ai, AiDoge’s proprietary token, is now underway.
The value of the coin is currently $0.000026. It will increase with each stage of the presale. This means that by the end of the presale, early investors will already get real profits.
Pros of the project:
- It is possible to profit from generating memes.
- Affordable option for investment at the presale stage.
- The project has already attracted $3.5 million from early investors.
- Promising cryptocurrency with AI.
Ecoterra
Ecoterra is a new cryptocurrency project with Recycle2Earn mechanics. It allows earning ECOTERRA tokens for recycling raw materials and participating in environmental events. The Ecoterra app will incentivize community members to protect the environment and fight environmental pollution. Users will receive tokens that can be exchanged for credits to offset their carbon footprint.
Ecoterra is also working to get the attention of companies. Delhaize, Pepsi, Evian and other brands are among the project’s partners. All locations in the Delhaize network will have RVM recycling machines that are integrated with the Ecoterra app. To receive the tokens, users will simply have to scan product barcodes and take them to the RVMs.
ECOTERRA’s key benefits:
- Opportunity to earn money from the fight against pollution.
- Collaboration with major brands.
- Shaping the market for recyclables.
- Carbon credits.
DeeLance
DeeLance is a platform that provides an easy way for freelancers and employers to find each other and make interesting and profitable projects. Within its framework, all participants are KYC-checked, and DLANCE’s own ecosystem token ensures the security and transparency of all transactions.
The project is characterized by a low level of commissions, thanks to which DeeLance stands out from other competing platforms. 10% – for performers, and the fee from clients is only 2%. All works on DeeLance are tokenized and transmitted to customers in NFT format, which ensures copyright protection and facilitates content control.
DeeLance is also developing its meta-universe where users can meet, socialize and build businesses. The platform opens up the opportunity to share experiences with others, as well as receive privileges when working on it.
DLANCE’s key benefits:
- Easy and convenient search for jobs and professionals.
- High level of security.
- Copyright protection and easy transfer.
Will BTC show significant growth: Bitcoin price forecast
After a bearish 2022, bitcoin showed a rapid recovery in the first quarter of 2023. The asset rose to $31,000 by mid-April, but then sagged a bit. Then bitcoin started to rise and is now trading at $27.5 thousand.
Some analysts predict that BTC will be worth more than $100,000.
There is also a forecast of bitcoin growth to $1 million dollars. However, it is based on the assumption of a prolonged issue of USD by US regulators in order to support the economy. In this case, investors would treat bitcoin as a means of saving. But this scenario seems a bit premature.
The bitcoin rate forecast for 2023 implies a significant growth. Some experts expect the bitcoin price to reach $41,599.19 in the second half of the year. The average of the predictions is $38,825.91. This sounds quite ambitious, but it is realistic in the near future given the expected development and advancements in the cryptocurrency industry.
Halving will take place in 2024. This is an event that occurs periodically in the blockchain when the number of bitcoins received per block is halved. This happens every 210,000 blocks, which roughly corresponds to a time interval of 4 years.
Halving will lead to a decrease in the number of new bitcoins. This, in turn, will increase the demand for the cryptocurrency and thus affect its price. It is believed that the bitcoin exchange rate after the 2024 halving could increase by two or three times the current price.
Completion
Analysts’ forecasts for this asset remain positive. However, bitcoin’s history is characterized by extremely volatile prices. Investing in the main cryptocurrency of the market will always carry a high level of risk, so it is necessary to keep in mind the possible losses. On the other hand, bitcoin is not dependent on any centralized financial institutions. Its advantage as a hedge against inflation could be a key factor for many.
Beginning investors and traders with a limited budget should consider cheap cryptocurrencies at the pre-sale stage. But the decision to invest even in low-cost assets should be made based on one’s financial situation, risk tolerance level and goals.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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