Tag: Crypto Market

These Powerful Cryptocurrencies Have Crazy Predictions

October 16, 2021 / Frank Nez / 5 Comments

Cryptocurrencies With High Price Predictions

If you’re new to the crypto world, I’m going to provide you with a list of cryptocurrencies to watch.

Cryptocurrency has earned early investors millions and even billions of dollars in ROI.

You might be thinking, is it too late to buy crypto? The short answer is absolutely not.

And if you’re not invested in crypto yet, I’m going to leave a link at the end of this article of my step by step guide on how to buy cryptocurrencies.

Welcome to Franknez.com – if you’re part of the Patreon you’ve seen me adding a few cryptocurrencies to my crypto portfolio lately. Today I want to talk cryptocurrencies and why these powerful assets will keep on surging.

Let’s get started!

Now, a lot of you might be familiar with Dogecoin, Bitcoin, and Ethereum. These are some of the most popular cryptocurrencies out there.

Just recently Shiba Inu Coin began trending as well.

These so called ‘speculative’ plays have earned investors gains unlike anything else in the markets.

These are the powerful crypto plays that are nowhere near done growing!

#1. Ethereum (ETH)

Shark Tank star and Dallas Mavericks owner Mark Cuban just said, “as an investment, I think Ethereum has the most upside.”

And he’s not the only one who speculates ETH is in it’s infant stage either.

But before I continue, this article won’t be about the technical side of the cryptocurrencies themselves but rather a worldview of the crypto’s upside as an investment.

How high are analysts predicting Ethereum to go?

“In a recent Forbes article, a panel of crypto experts including Sagi Bakshi and Lex Sokolin predict that ETH could rise as high as $19,842 by 2025 and that by the end of 2022 it could be the most widely transacted cryptocurrency due to its expanding utility in the marketplace”, via Crunchbase.

At the publication date of this article, ETH cryptocurrency is trading close to $3.9k.

Joe McCann, an angel investor and crypto margin trader believes the Ethereum could even reach as high as $50,000.

Ethereum developer and supporter, Anthony Sassano believes ETH can go even higher. Giving it a $150,000 prediction by 2023.

Community, this is insane. In a very very good way.

If we’ve learned anything from AMC and GameStop, it’s that investor sentiment is what drives the markets.

And the crypto community is one of the most bullish investing communities out there.

#2. Bitcoin (BTC)

Bitcoin is probably one of the most if not the most popular cryptocurrencies in the crypto space.

This revolutionary crypto broke the perception of what people ever imagined could become a reality.

To think BTC traded only a few cents during it’s inception to now trading over $60,000 is astonishing to say the least.

If you’re on the Patreon, you know I bought the dip a few times when Bitcoin was trading around $32k-$38k back in June and July.

Most analysts see Bitcoin reaching $100k per BTC.

In a Forbes panel, the average came to $107K with 1/3 saying Bitcoin will reach more than $120,000.

Capital.com analyst, Mikhail Karkhalev predicts Bitcoin will reach $170,000 by the end of 2022 or early 2023.

CNBC asked Chamath, an early Facebook investor and venture capitalist, how high he thinks Bitcoin will continue to soar earlier this year.

Listen to Chamath’s response below.

Chamath Bitcoin Price Predictions

“Where is it going? It’s probably going to 100, then 150, then 200 thousand”. Chamath was one of the first people to invest in Bitcoin a decade ago.

You might be thinking, “is it too late for me to invest in Bitcoin?”

The truth is it’s not. See, crypto exchanges allow you to purchase fractions of Bitcoin or any other cryptocurrency.

As cryptocurrencies go up, your investment will go up, even if you’ve only put $100 in the market.

However, for significant ROI you’ll want to have quite a significant amount of money invested.

#3. Cardano (ADA)

Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson.

It’s ties to the Ethereum co-founder have made it a very popular crypto to buy, especially at it’s incredibly low price.

Cardano is currently trading around $2.20 and traded at $0.02 during its inception.

The trader sentiment is extremely strong with more than 99% of investors currently buying this cryptocurrency.

Analysts want to see this coin reach a new all-time high of $4.

Price predictions for ADA vary:

WalletInvestor predicts Cardano cryptocurrency to reach over $14 by the year 2026. However, they predict Cardano to reach $4.50 in one year.

Based on this prediction, buying today could double your profits in one year from now and multiply it by seven in five years.

ADA is a long-term crypto investment. I’m bullish.

#4. Dogecoin (DOGE)

Dogecoin has to be the biggest meme cryptocurrencies in the market. I would consider DOGE to be one of the riskiest too.

Primarily because of the edge other coins have. Other cryptocurrencies are trying to solve real-world problems where as Dogecoin is a community meme.

However, it’s this community that’s allowed DOGE to be an extremely successful cryptocurrency this year.

It has gained a whopping 9000% just from one year alone.

Just like AMC and GameStop show us, communities are everything. Communities have power and I believe that Dogecoin will continue to surge as long as its community of retail investors want it to.

Dogecoin is currently trading around $0.24 and peaked at $0.74 back in May earlier this year.

You might know Mark Cuban and Elon Musk for being two massive supporters of the DOGE community.

Being in the AMC community, I’m very proud of communities and tip my hat to DOGE for what it’s created.

CryptoNewz predicts Dogecoin to hit $1.07 by the end of 2021 and hover above it in the year 2022.

Based on this prediction, you could multiply your money by 4 in the short-term.

#5. (What Do You Think?)

What other cryptocurrency or cryptocurrencies at that, should be on this list?

Do you hold any of these on this list? What’s your favorite coin? Let’s have a discussion. Leave a comment below!

Honorable mentions

XRP (XRP)
Shiba Inu Coin (SHIBA)
Tether (USDT)
Binance Coin (BNB)
Polkadot (DOT)

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Read: How To Invest In Crypto With Kraken

What Are NFTs And How Will They Change The World?

September 26, 2021 / Frank Nez / 0 Comments

If you haven’t heard of NFTs yet, you will. This technology is a little mind boggling in the sense that it’s so simple yet revolutionary.

NFTs are going to change the way we transmit data and connect with one another. The NFT community is growing now quicker than ever.

Welcome to Franknez.com – today I want to discuss what an NFT is and why this technology is growing so quickly.

Lets get started!

What Are NFTs?

NFTs, also known as non-fungible tokens, are a unit of data stored in blockchain technology. This data is usually stored in a piece of artwork containing exclusive access and prizes for holders.

If you’re familiar with Gary Vaynerchuck, his startup VeeFriends is actually a collection of his personal NFTs. Gary has built an NFT community where buyers gain exclusive access to VeeCon, a multi-day conference focused around business, marketing, creativity, entrepreneurship, and a lot more.

What Are NFTs Used For?

NFTs are tokens that may grant access to exclusive content, future products, prizes, or events.

Each NFT, depending on how the seller uses it, can unlock different levels of membership access. This is why NFTs are usually so expensive.

How Are NFTs Going To Change The World?

NFTs are cutting out the middle-man. You can now sell NFTs directly without distributing tickets to your audience or community. Business owners and entrepreneurs will be the ones to take advantage of this blockchain technology.

NFTs are also going to allow content creators to connect with the community and sell tokens for exclusive content and build a one of a kind art from that specific content creator.

These artworks are designed so that you cannot copy or duplicate them. They were originally created to protect or copyright artists’ work. This means only one person could own the original, or a few people could own part of a scarce collection from that artist or content creator.

NFTs are changing our world by how we communicate with one another and transmit information.

For consumers, it can be a great way to keep something very personal and special from your favorite content creators.

How Do You Buy NFTs?

Because NFTs are Ethereum-based tokens, most marketplaces only accept ETH as a form of payment.

And if you have never purchased crypto before, check out this article on how to open your account through a crypto exchange. Here you’ll be able to purchase Bitcoin, Ethereum, ADA, Doge, and other cryptocurrencies.

OpenSea is the world’s first and largest NFT marketplace.

Anyone can create and buy NFTs here, even if you’re not a content creator or have any knowledge in blockchain tech.

Can NFTs Go Up In Value?

If you’re a collector, then you’re more than likely building a portfolio that may go up in value over the course of a few months to a few years. NFTs certainly have the potential to go up in value depending on who the creator is.

You just never know how far this certain content creator will go or who they will impact society one day. Buying an NFT from their younger selves today could prove to be a rare piece of art in the future.

Will NFTs Become Mainstream?

My personal take is they will. The NFT community is growing every day and as more content creators find ways to provide more value to their communities, NFTs will continue to be a source of exclusivity and connection.

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Read: How to invest in Bitcoin cryptocurrency for beginners

Analyst Predicts Bitcoin Price To $170K By End Of 2022

August 23, 2021 / Frank Nez

Bitcoin Price to $100,000 — Bitcoin Price Prediction $170,000

Capital.com analyst, Mikhail Karkhalev predicts Bitcoin will reach $170,000 by the end of 2022 or early 2023.

The analyst said, “Bitcoin’s prospects in the medium to long-term are promising“. He predicted Bitcoin to rise to $80,000-$85,000 by the end of 2021. But he’s not the only one who thinks Bitcoin will surge past 6-figures.

Welcome to Franknez.com – if you’re part of my Patreon group you know how much I love Bitcoin. BTC and AMC are my biggest plays right now.

Lets get started!

If you thought it was too late to get into Bitcoin, you’re not alone. I was in the same boat before I put my first $100 in the cryptocurrency. Now, $100 is not much to invest in but I was testing the crypto market to see whether it be something I could invest in long term.

So, I decided to purchase my first fractions of Bitcoin using the exchange known as Kraken. I bought in when BTC was around $60K per coin and then it plummeted to about $29K. Good thing I only put $100.

But here’s what happened next. I did a little more research and stumbled across the information that Bitcoin’s demand can easily send it to 6-figures per coin. I was sold and have put 4-figures in this vehicle around $32K. BTC has now risen close to $50K. Once BTC reaches $64K, I would have doubled my money.

Bitcoin Price Prediction: Forbes

According to Forbes, an expert panel has predicted that Bitcoin price will climb to well over $100,000 in 2021. A third of the panelist surveyed believe Bitcoin price could soar higher, reaching beyond $120,000 this year.

But get this, the panel average says Bitcoin price will skyrocket to a whopping $107,484 at some point during 2021.

Bitcoin Price Prediction Forbes — Bitcoin Price Prediction: Forbes

Experts are extremely bullish on Bitcoin. It’s a matter of supply and demand, similar to what we’re seeing with AMC Entertainment stock.

Bitcoin is a different monster though, with all respect.

Why Is Bitcoin Going Up?

Bitcoin price is going up mainly due to supply and demand in the markets. Institutions and retail investors alike continue to buy the limited cryptocurrency.

CNBC asked Chamath, an early Facebook investor and venture capitalist, how high he thinks Bitcoin will continue to soar earlier this year.

Listen to Chamath’s response below.

Chamath Bitcoin Price CNBC

“Where is it going? It’s probably going to 100, then 150, then 200 thousand”. Chamath was one of the first people to invest in Bitcoin a decade ago.

He’s worth more than $1 billion today and is the founder and CEO of Social Capital, an organization of investors focused on creating more opportunity globally.

How Much Was Bitcoin Worth When It First Started?

Bitcoin price started trading at approximately $0.08 per coin back in July of 2010 but was worth even less during inception.

Here’s how much money you would have today if you invested in Bitcoin when it first started:

$100 in BTC would = $61 Million today
$500 in BTC would = $308 Million today
$1,000 in BTC would = $617 Million today

But don’t beat yourself up for it. The important thing that matters today is that now you know just how much further Bitcoin price can reach.

It’s what you do today that matters.

Is Bitcoin Overvalued?

Most experts don’t think so. In a panel by Finder, 76% of respondants thought Bitcoin was not overvalued with only 24% saying it was.

I think most people are intrigued with what’s happening with Bitcoin today. FOMO (fear of missing out) is causing new investors to buy Bitcoin.

Because Bitcoin is limited, the cryptocurrency has a high demand. And it’s especially attractive when you compare gains from parking money in Bitcoin then the gains from a money market account.

Bitcoin could be a great vehicle to put some money in while its value continues to surge. One thing is certain and that is your bank will never give you these returns.

What Are The Top Companies Holding Bitcoin?

MicroStrategy | 105,085 BTC
Tesla | 42,902 BTC
Galaxy Digital Holdings | 16,400 BTC
Voyager Digital LTD | 12,260 BTC
Square Inc. | 8,207 BTC
Marathon Digital Holdings Inc. | 5,784 BTC
Coinbase Global, Inc. | 4,482 BTC
Bitcoin Group SE | 3,947 BTC
Hut 8 Mining Corp | 3,522 BTC
Riot Blockchain, Inc. | 2,243 BTC

These are the top 10 public companies with the biggest Bitcoin portfolios according to Decrypt.

Multiply the number of BTC each company holds by Bitcoin’s current price and you’ll be astonished by the amount of money that translates to.

The price of Bitcoin as of this publication is around $49.8K per coin. We’re so close to reaching $50K.

Should You Buy Bitcoin?

There’s no question about it. Bitcoin is correcting itself back to $60K per coin and with analysts prediction bitcoin to $100,000 and beyond, why wouldn’t you?

At first, I was hesitant about Bitcoin. I thought it was too late to buy it, I didn’t know you could buy fractions of it, and to be honest I didn’t even know how to buy it.

But if you’re interested in diversifying your portfolio now and want to put multiply your money with this cryptocurrency, read this article on how to buy Bitcoin with Kraken exchange.

Are you invested in other cryptocurrency?

Are you invested in other cryptocurrency besides Bitcoin? If so, let me know in the comment section below what that crypto is. Or, is this your first time getting into Bitcoin? I’d love to know.

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Bitcoin: Should You Buy The Dip or Wait?

July 26, 2021 / Frank Nez

Bitcoin is currently trading around $40K give or take. Have you been thinking about adding to your position or buying Bitcoin for the first time? This article is going to help you make the best decision for yourself. Should you buy Bitcoin now or wait for another dip?

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started!

Bitcoin (BTC) is probably one of the coolest investment vehicles of our time. This cryptocurrency was as low as $2 at some point; can you believe that? Insanity.

I didn’t get into BTC earlier because like most people, I thought it was too late to invest in it. However, when I found out you could buy fractions of this asset and discovered just how high it could go, my mind was changed.

Will Bitcoin go back up?

If you’ve been following BTC for quite some time now, then you’re no stranger to what just occurred a few weeks back.

Bitcoin took a staggering plunge from $60K down to $30K. If you’re an earlier investor this is just a bump in the road. But if you just opened a position in BTC, then you’re down quite a bit to say the least.

Now, because Bitcoin is deflationary, the value of this asset will continue to skyrocket as long as there is a demand for it.

There is a total of 21 million gill in the crypto market for Bitcoin. This is why the cryptocurrency is so valuable. Unlike Dogecoin, BTC is limited.

And when there’s a low supply (scarcity) with a large demand, the value of an asset goes up. It’s simply the way the world works.

Will Bitcoin reach 100K?

Bitcoin going to $100k, then $150k, then $200k: Chamath

In this clip, CNBC’s host asks former Facebook executive, Chamath where Bitcoin is going next. Chamath correctly predicted the rise of Bitcoin since it’s inception. “Bitcoin is going to $100k, then $150k, then $200k”, he says.

This type of news is quite incredible. BTC is currently trading in the low to mid $30K range. If Bitcoin is to run up that high then parking your money in this investment could prove to be quite a great long term move.

You don’t need to be a financial advisor to identify opportunities and recommend them to people. Allocating money here could outperform index funds and most stock investments.

When will BTC reach 100K?

No one can say for sure. But the data shows it’s absolutely possible. What analysts do know is that the chances of it happening this decade are high.

No index fund, REIT, or stock will yield the return Bitcoin can and has yielded. Investing in BTC could be a strategized trade, or a long term multiplier.

The fact that Chamath believes the price of Bitcoin can even reach $200k+ is mind boggling. Bitcoin is my choice of cryptocurrency at the moment.

Why did Bitcoin’s price drop?

Bitcoin’s price drop is only temporary. Investors like you are looking to take advantage of this discount.

The reason Bitcoin and the entire crypto market dropped was due to institutions liquidating their accounts. For what? Who knows.

Retail investors are speculating institutions did these to cover upcoming margin calls in overleveraged accounts such as AMC Entertainment and GameStop.

Don’t be too quick to write these heavily shorted stocks off though. They could just very well prove to be the catalyst to something much bigger in the markets. Both AMC and GME have negative betas meaning when the markets crash, these two stocks will skyrocket.

Will Bitcoin drop again?

According to JP Morgan, Bitcoin could go back down to as low as $23K. The bank valued BTC between $23K-$35K as of late June but has since gone up. With most experts including JP Morgan predicting a six figure price, now is the perfect time to park your money in Bitcoin.

You could wait for BTC to dip more although the cryptocurrency is already on discount per say. You can’t go wrong with either or. If you trust the data that points towards massive Bitcoin gains, then buying any dip at this point is a steal compared to where it’s going to be later on.

Despite the crypto market bleeding, it seems most investors continue to have a positive outlook on BTC.

Does Frank Nez own Bitcoin?

I do own Bitcoin. In fact I put $100 as a ‘tester’ in BTC right before it plunged. I’ve seen a 40% decrease thus far but continue to hold that small position. The drop didn’t surprise me at all. I understand the massive potential BTC has but I also expected this to happen.

There are so many exciting things going on in the market at the moment. I’m up around 400% in AMC Entertainment stock, so far. This stock is set up for a massive short squeeze and I cannot wait for this rocket to take off.

Regarding crypto, I personally have a strong conviction towards BTC and will be increasing my position as it continues to dip and as soon as I raise more capital for a good investment in it. There’s no doubt in my mind this cryptocurrency will continue to drop short term but run up long term.

Want exclusive access to my portfolio?

I’m excited to use this vehicle as a means to diversify my portfolio and to multiply my investments. If you’re curious to know when I make this large investment, become a Patron over at my Patreon! Here you’ll gain access to these behind-the-scenes moves and real-time updates on my portfolio.

I want to share this information with you because my goal is to help you reach that financial freedom you deserve. I want to share my growth and I want to share the knowledge.

You do not have to follow my footsteps, but you can observe and make an honest assessment to see whether or not my financial steps could also play in your favor.

Thank you for being here today. I look forward to providing you with more value very soon.

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Tag: Crypto Market

These Powerful Cryptocurrencies Have Crazy Predictions

#1. Ethereum (ETH)

#2. Bitcoin (BTC)

#3. Cardano (ADA)

#4. Dogecoin (DOGE)