Undeniably, like many other cryptocurrencies, Bitcoin (BTC), the market leader, has had a difficult year in 2022. However, the year 2023 began on a high note, with the BTC price steadily climbing. As a result, Bitcoin has gained more than 34.70% only in the March of 2023. But will the price of bitcoin gain its old momentum again any time soon?
Given the recent surge in liquidations due to longs and the turbulence in the equities market, investors and traders are skeptical about Bitcoin’s short-term prospects. Hence, investing in this coin is still a question for many, especially with its current high price and future uncertainty. However, there are some other cryptos that are expected to bring 50x gains this year as compared to BTC. These coins include Love Hate Inu (LHINU), Fight Out (FGHT), C+Charge (CCHG), Metropoly (MET), and RobotEra (TARO).
Now let’s explore bitcoin’s future and how these coins can surpass BTC’s value this year below in detail.
Bitcoin Price Prediction
According to the 3-month price chart of Bitcoin on CoinMarketCap, Bitcoin seems to be unsteady even with the recent surge. Considering the constantly changing value of Bitcoin, it is evidently a risky crypto investment in 2023.
However, considering the BTC price so far in 2023, the year-end Bitcoin price projection for 2023 is expected to vary from $23,218.00 to $43,959.19.
Expert Opinion on the Future Value of Bitcoin:
Given the present market conditions, the price of BTC might reach a high of $74,967.47 by the end of 2024. A lengthy bear run, on the other hand, might reduce the minimum price to $39,453.57. Having said that, the usual price of BTC could reach $57,743.23 in the future.
Since the next Bitcoin halving event is scheduled for 2024, the Bitcoin miner’s payout will be reduced to 3.125 BTC per block. With the fourth halving, 96.875% of Bitcoin will be mined. The most recent Bitcoin halving, which occurred in the year 2020, skyrocketed its price by more than 556% in less than a year.
According to crypto experts, the bitcoin price might surpass $100,000 after the next halving event in the future. This highlights the Bitcoin price halving and makes the BTC price projection for 2024 a serious concern. Nonetheless, the post-event is predicted to generate considerable market disruption and instabilities.
5 New Cryptos You Should Buy for 50x Returns in 2023:
Among the endless crypto coins available today, only a few are capable of surpassing the value of popular cryptocurrencies like BTC. Let’s have a closer look at such high-value cryptocurrencies below:
Love Hate Inu (LHINU):
Firstly, we have Love Hate Inu. Love Hate Inu is a game-changing survey platform that combines a polling system and Web3 infrastructure. This initiative is built on the Vote-2-Earn (V2E) principle, which rewards you for voting in a poll. This project rewards you in the form of its token LHINU, which progressively increases in value over time, for sharing your thoughts on a variety of topics ranging from politics to entertainment to social issues.
Fight Out (FGHT):
Another potential coin that is set to bring you 50x more gains in 2023 as compared to BTC is FGHT. FGHT is the token of Fight Out, which is a fitness-focused Web3 platform. This platform lets you access personalized workouts while playing games and collecting FGHT tokens. Moreover, with its new Play-2-Earn (P2E) concept that ingeniously mixes cryptocurrency with fitness via a mobile app – Fight Out lets you participate in live lucrative bets, build your fantasy league, play, and earn while you complete fitness goals.
C+Charge lets you live in an eco-friendly world and make the most of it. How is that? It’s simple. If you own an electric vehicle, you may charge it with $CCHG tokens and receive valuable carbon credits in exchange. C+Charge has a smart EV charging payment system which rewards you in CCHG while allowing you to monitor wait times, locate nearby charging stations, and access a variety of other eco-friendly services for your EV.
Metropoly makes real-estate investment accessible for you by allowing you to secure property investment as part of your asset. With its token MET, you can buy a piece of quality real estate anywhere in the world for as little as $100. Moreover, Metropoly and its coin MET is the first real estate NFT it brings, providing a hassle-free property purchasing solution without paperwork or bank participation. This means that you can collect passive income from the property dividend you own in the form of MET.
Lastly, we have TARO, a coin by RobotEra. RobotEra is a gaming platform. With its token TARO, RobotEra lets you enter a new world where you can earn from digital assets and cryptocurrencies. Furthermore, TARO introduces you to an engaging plot, personalized robot construction, and income through staking tokens, advertising, cultivating sacred trees, and selling NFTs. These unique features are contributing to the growing value of TARO, making it a safe cryptocurrency investment in 2023.
While the future of Bitcoin is still uncertain, you can still secure profitable future investments for yourself in the form of high-value cryptos of 2023, including LHINU, FGHT, CCHG, MET, and TARO. So don’t miss out on your chance to collect these cryptos at lower rates now and enjoy more future gains in 2023.