Whether you are an experienced trader or a newbie, you are interested in the current trends and what cryptocurrencies to pay attention to. Thus, let us have a look at the main cryptocurrencies that are the main focus for now.
Bitcoin news is always in the center of attention of most traders. The main reason for this is very simple: Bitcoin is the main and the most expensive coin. The smallest change in the price might bring significant profit or make you lose a lot.
For now, we observe a slow decline in the Bitcoin price. It is forecasted that it will continue to drop until the price reaches approx. 41.000 USD. After that, two scenarios are possible.
- 1 – if the coin price manages to stay above 41.000, we can expect a constant growth to up to 62.000.
- 2 – if the coin price moves below the line of 41.000, the drop will continue until the price reaches 34.000, and then, after a slowdown, the price will continue moving down to 29.000.
XLM, or Stellar
We all know that when Bitcoin goes up, other coins also grow in price. The same principle applies to Stellar. However, within the current year, it is not expected to grow in price significantly. It is expected to be traded on LetsExchange.io somewhere between 0.30 and 0.50 USD. In 2022, its price is expected to move up to the mark of 0.65 USD. And only in 2023, Stellar is expected to cross a one-dollar line and be traded at the value of 1 – 1.40 USD.
The traded price of CRO is 0.157 USD now, and for the moment, no significant growth is forecasted. While during the previous year 2020, the cryptocurrency price was stagnating, this year, it is expected to grow because investors show more interest in it. Within one year, it is expected to triple its value and move to the mark of 0.30 USD per one coin.
Now, Binance coin is traded for 236 USD per coin. It is expected that the coin will continue growing after a short drop in price during April – August 2021. The interest of investors in this coin type is growing. However, in this specific case, the coin price also depends greatly on regulation and the reputation of Binance.
Litecoin is one of the most popular coins after Bitcoin. It is a Bitcoin hard fork; thus, we can expect that the Litecoin price will follow the price of Bitcoin.
Now, one Litecoin costs 186 USD, however, the price is changing constantly. During 2020, the price of the coin was stagnant. Most of the year, Litecoin was traded at the price of 30-40 USD per coin. Even though the coin price surged to 80 USD per coin in February, the average situation was not the most favorable.
In 2021, the price started growing, and the growth continues now even if not so intensively.
It is expected that by 2022, the coin price will at least double, and within 5 years, it will reach the mark of 800 USD per coin.