Tag: Finance

These Powerful Cryptocurrencies Have Crazy Predictions

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.

franknez.com

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)

Ethereum Cryptocurrencies

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 Chamathโ€™s response below.

Chamath Bitcoin Price Predictions

โ€œWhere is it going? Itโ€™s probably going to 100, then 150, then 200 thousandโ€. 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

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 cryptocurrency

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

  1. XRP (XRP)
  2. Shiba Inu Coin (SHIBA)
  3. Tether (USDT)
  4. Binance Coin (BNB)
  5. Polkadot (DOT)
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Read: How To Invest In Crypto With Kraken


BTC: Should You Buy The Dip or Wait?

Bitcoin: Should you buy the dip or wait?
Should you buy Bitcoin now?

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?

franknez.com

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.

Franknez.com

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