‘The Next Bitcoin?’ Top 5 Cryptocurrencies That Will Outperform in 2020

12 Tháng Tư, 2022

vidt crypto price prediction

For long-term traders, it is interesting to know about long-term coin predictions for the Near price. Many crypto experts have performed technical analysis on various coins, and the results for Near crypto are looking quite positive. It is possible for the coin price to see gains of +100% in the coming years. Furthermore, the team behind Near is working on various projects and developments. These will bring upgrades to Near in terms of sustainability and security. Since then, price has experienced a bear cycle, moving through complacency back into the original area for accumulation in May 2017, which I now believe is a newdepressionphase.

vidt crypto price prediction

Given that this high was printed during the first few days of trading, I would expect the first full bull cycle to take it out. Looking at VIDT/BTC, we can see a textbook market cycle having played out over the course of the past 6 months, with the initialdepression phase having occurred between the all-time low at 565 satoshis and range resistance in May at 1,000 satoshis. Following this, a breakout ensued and V-ID’s first bull cycle began, withdisbelief coming as price rallied above 1,500 satoshis, culminating in euphoriawith an all-time high just shy of 5,000 satoshis.

Near price prediction 2022

These price movements have attracted the attention of a lot of investors who are now scrambling to add the coin to their crypto portfolios. V-ID is a cryptocurrency that was conceptualised in 2017 and differs greatly from most in that it is a cash-generative business at its core; a subsidiary of WIDIDI.

vidt crypto price prediction

Unlike the vast majority of altcoins, V-ID actually produces cash flow, which is growing month-on-month. In October, as mentioned in the prior section, V-ID had revenues of ~$150,000; project this forward for 12 months and you have annual revenues of $1.8mn, which would mean that VIDT is currently trading at 1.44x revenues.

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ADVFN is home to the largest community of private investors in the UK. And that concludes this post on the top 5 cryptocurrencies that I expect to outperform Bitcoin in 2020. As I mentioned, there simply is nonext Bitcoinnor a new Ethereum; instead, all we can hope for is relative outperformance, which in itself – though remarkable – is a very real possibility in this space. Regarding the use-cases of Fantom’s technology, the first point to make is that their novel Lachesis protocol improves transaction efficiency to above 300,000 tx/ps, which will facilitate its usage in smart cities, public utilities, banking, healthcare etc. Current partners include Oracle and the South Korea Food Tech Association.

Is VIDT token a good investment?

WalletInvestor estimates VIDT to be a bad investment option in the long term. According to the VIDT price predictions by WalletInvestor, the price per unit will fall by 80% by July 2023. This translates to a price point of around $0.0644.

A rangewasfound in the winter of 2018 between 14,000 and 22,000 satoshis, but a breakout above this range proved to be false, with new lows printing in June 2019, culminating in the most recent low at 5,400 satoshis in October. Looking at the KMD/BTC chart above, we can see that price is at levels not seen since March 2017, despite Komodo having progressed significantly in https://www.tokenexus.com/ its fundamentals since then; such is the game. Market cycles don’t care about fundamentals, but this plays into our hands, as we now have an opportunity to buy a fundamentally-sound project at historically-cheap prices. Given the depth and breadth of developmental progress being made with Komodo, I expect it to cement itself as one of the top blockchain projects in 2020.

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By April, prices had peaked out at 380 satoshis, before swiftly retracing back to the 100-satoshi area in May. A sharp reversal brought price back above 380 satoshis in June, peaking at an all-time high around 500 satoshis. Since, Fantom has been in a bear market, with successive lower-highs and lower lows, though it appears to have formed a new base at 120 satoshis, which began in October. Following Komodo’s listing on exchanges in Q1 2017, it quickly began its first bull cycle, printing an all-time high at 103,000 satoshis in June; a high that remains in place to this day. Price then found support at 29,000 satoshis for a short while before rallying rapidly to 88,000 satoshis, ending the bull cycle and leading to a break of significant support and a cyclical low being made at 17,000 satoshis in the winter of 2017. Price then failed to form an accumulation range at this low, instead sharply reversing and beginning a new bull cycle that printed a double-top at 88,000 satoshis around the New Year.

It is not possible to look into the future, but it is possible to make educated crypto predictions using several techniques done by crypto experts. The best way to find out whether the price will rise is to keep up with all the latest news and developments and look at technical analysis done by crypto experts.

Market Outlook #82 (Free Edition)

Buys on a retest of this breakout provide the lowest risk for longer-term positions going into 2020. In this post, I will provide the top 5 cryptocurrencies I expect to outperform Bitcoin in 2020, selected by coupling fundamental analysis of each with an overview of their price-histories, thus determining their speculative prospects. Going by the recent price movements, VIDT buy vidt Datalink could be an investment that would bring good returns in the future, especially since there is a growing list of companies and organizations that are using the VIDT Datalink platform to secure digital data. VIDT Datalink coin has been on a relentless bullish rally since September 1 registering a 105% rise in the last 7 days and a 40% rise in the last 24 hours.

vidt crypto price prediction
Author: Joanna Ossinger

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