Johannesburg, 06 Jul 2021
Crypto-currencies continue to dominate the world as thousands of people are investing in these digital assets with each passing day. Studies have shown that there are around 7 million crypto traders and the number is likely to double in the next couple of years.
The first crypto-currency to be introduced to the world and the one that keeps dominating is Bitcoin. But, as you are well aware, there are more than 1 000 crypto-currencies on the market today and all of them are looking to make a massive breakthrough.
But, quantity does not mean quality, which is why not every crypto-currency is profitable. Speaking of profitability, we wanted to take a closer look into the top digital assets on the market and see what the future holds for them. But first, let’s explain where and how do you trade crypto.
Where can you trade with crypto-currencies?
If you are trading Bitcoin, then there are two options – Bitcoin ATMs and trading sites. Bitcoin ATMs are hard to access and charge enormously high fees, which is why trading sites are the best option. Apart from being extremely easy to access as they utilise the latest HTML5 technology, which means you can trade on desktop and mobile, trading sites usually accept a plethora of crypto-currencies. They are not limited to just one.
That is a massive advantage as you have plenty of assets to choose from. If you are indecisive about one, you can always resort to trading with multiple crypto-currencies. All you have to do to start the process of trading at trading sites is to register. Reputable platforms such as Prime Advantage are very secure and have a high daily profitability rate.
Now, let’s take a look at what the future holds for some of the most popular and most dominant crypto-currencies.
Tether
The one thing that makes Tether different from most crypto-currencies is the fact that this digital asset is a stablecoin. That means that it is not subject to the high volatility rate like other crypto-currencies. Its stability means it is extremely reliable, hence it is often used as a trading tool.
Considering the fact that Tether is a stablecoin and its value is $1, it is highly unlikely for this crypto-currency to be subject to massive changes, which is why we believe that its price tag will remain the same in the future.
Ether
While many people refer to this crypto-currency as Ethereum, it is important to know that Ether and Ethereum are two different things. Ether is the crypto-currency itself, while Ethereum is the name of the crypto network. At the moment, Ether is valued at around $2 000 and due to the fact that its network supports many other tokes such as Non-Fungible Tokes, the value of this crypto-currency will rise in the future.
Experts believe that Ether has the potential to rise to over $4 000 in 2022, reach a price tag of $7 300 in 2025, and finally break the $10 000 barrier in 2028.
Bitcoin
Finally, we have the most dominant crypto-currency on the planet. Back in April 2021, Bitcoin peaked at over $63 000. Not only that, but Bitcoin is also an accepted payment method by many global brands. The list includes the likes of Expedia, Overstock, Shopify, Starbucks and Whole Foods. And if that is not enough, El Salvador became the first country to legalise a crypto-currency recently. If you are wondering which crypto-currency they legalised, you guessed right – it was Bitcoin.
There’s no denying the fact that Bitcoin has massive future potential and that is why it will most likely rise in value. Experts believe that it will rise to $100 000 in 2021 or 2022, reach $500 000 in 2030 and break the $1 million barrier in 2037.
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