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Long-term and short-term crypto predictions

Long-term and short-term crypto predictions

Updated: July 25, 2023

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Long-Term Cryptocurrency Price Predictions for 2024, 2025, 2030

Long-term cryptocurrency price predictions for 3, 5 and 10 years are based on the analysis of trends of the previous years. According to the Elliott Wave theory, markets develop cyclically, which is why based on the length and amplitude of the previous waves, the moment of the next wave can be predicted. The prospects of development of certain segments of cryptocurrency startups are also taken into account: transition of national economies to their own CBDC, development of platforms for providing blockchain-based banking services, etc.

Cryptocurrency price prediction for 1 day, 1 week

The following instruments were used to prepare short and medium-term price predictions:

Instruments of technical analysis: trend indicators, channel indicators, oscillators.
Instruments of chart analysis: trend lines, Pivot levels, reversal patterns, support and resistance levels.
Fundamental indicators: heatmap, economic calendar, market sentiment.
Fundamental analysis. The long-term influence of key news is included in the price predictions.

Also predictions of independent experts and expert platforms have been analyzed and taken into consideration. A consolidated price prediction was made on their basis, suggesting the most probable market development.

Is it worth trading based on cryptocurrency price predictions?

You earn from cryptocurrency price changes exclusively by using your own (!) knowledge, experience, intuition and the skill to analyze the market. Paid or free signals, individual analytical opinions and price predictions are all of an informative subjective nature. This doesn’t mean you shouldn’t consider them. Cryptocurrency price predictions are ideas based on the patterns of the previous periods, and they can repeat in the future. At the same time, there is always a probability of short-term fundamental factors to the Black Swan that radically change the market situation. Guided by predictions, evaluate the potential risk and try to regularly monitor open positions.

How do I invest in cryptocurrencies?

Tips for trading and investing in cryptocurrencies:

Where to invest. Cryptocurrency exchanges are the best platforms for short-term speculative trading. Forex brokers are the best for speculative trading on long and short positions on major cryptocurrency pairs. Cold wallets installed on your computer are the best option for long-term investing.
Which crypto to invest in. Diversify the risks. Cryptocurrencies ranked in the Top 50 in terms of capitalization have the lowest risk, but their growth is slower. Relatively new startups with original ideas carry the highest risk, but they can bring over 1000% yield, although more than 80% of them are scams.
How to analyze. Technical analysis in cryptocurrencies works mostly at the level of psychology. Cryptocurrencies react much stronger to the news: decisions of the SEC, statements of media personalities, fundamental statistical indicators of the global economy.

We also recommend considering passive income options that are often offered by many exchanges: staking, dual currency investment, Flash Loans, etc.

FAQs

Which cryptocurrencies are the best for long-term investing?

The coins of the platforms that meet the following criteria:

Have practical use for users. A startup must solve some user problems and generate profit. It is a guarantee that the platform will represent interest for users and that the developers won’t shut it down at some point.

Do not have a scalability program, have low network fees, resistant to hacks, do not experience failures. These are primarily platforms based on the PoS/DPoS algorithms that are built on the TRON, Binance Smart Chain, Ethereum blockchains or their sidechains and parachains.

Offer unique solutions that could become successful in the future, for example gaming metaverses, the Internet of Things, etc.

Startups must pass the beta testing stage and be listed on all Top 10 exchanges in terms of daily trading volume.

What segments of cryptocurrency startups are there?

According to CoinMarketCap, there are over 20,000 cryptocurrencies that are listed at least on one crypto exchange.

Key segments of cryptocurrency startups:

Payment systems. These are the platforms that were initially developed as an alternative to traditional banking systems. Examples: Bitcoin, Ripple.

Platforms for developing decentralized apps.

Decentralized exchanges, centralized exchanges. These are cryptocurrency platforms that launched their native tokens and altcoins. These coins are considered to be among the most reliable ones. Examples: BNB (Binance), UNI (Uniswap).

DeFi. These are decentralized finance platforms that replace the traditional banking systems. Examples: Osmosis, Compound.

GameFi. These are gaming platforms that operate on the Play-to-earn, Move-to-earn principle. Users earn money by building their character, selling game items, reselling items linked to NFT objects. Gaming metaverses also fall into this segment. Examples: Decentraland, Axie Infinity.

Ancillary Startups for Ethereum-Class Platforms Ethereum remains the top network for decentralized apps. Transition to the PoS algorithm did not resolve the scalability problem, but there are “satellite” platforms that help solve this problem. Examples: Polkadot, Polygon.

Oracles. These are the platforms that act as intermediaries between the real and cryptocurrency worlds. They collect statistics for DeFi and other segments from the real world, broadcasting it to the blockchain. Example: Chainlink.

Meme tokens. These are useless from a practical standpoint, startups that copy popular online memes. They can become successful in the short-term period following a news release. Examples: Dogecoin, Shiba Inu.

Stablecoins. Their price is pegged to a monetary unit (1 USD, 1 EUR, etc.). They are not suitable for investing, but can be used for internal transactions. For example, on the Binance network, the BNB stablecoin allows active traders to save on fees in case of frequent conversions.

This list describes the essence of at least 90% of altcoins and tokens from the Top 100 list in terms of capitalization.

What initial deposit is required in order to be able to make money on cryptocurrencies?

It depends on your goals and the platform. Forex brokers set the minimum deposit at USD 50-100 (there are brokers with a minimum deposit of USD 1, but a position opened with leverage will violate the rules of risk management). Exchanges allow users to buy cryptocurrency for several US dollars, but you won’t be able to make much on that. In order to calculate your deposit amount, determine your target for 1 month, consider the average daily volatility as a percentage, decide how much time you are prepared to spend in front of your computer and factor in your possible loss.

What instruments are used to prepare cryptocurrency price predictions?

Instruments of technical and fundamental analysis: trend indicators and oscillators, support and resistance levels, patterns, as well as news analysis, crowd psychology, correlation tools, etc.

Team that worked on the article

Ivan Andriyenko

Author at Traders Union

Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.

Olga Shendetskaya

Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.

Olga’s motto: Do well and you’ll be well!