Making an accurate forecast of the price movement of any cryptocurrency is very difficult if not impossible. It is connected with multiple factors such as:
- High volatility level of the asset (if it is not a stablecoin);
- Influence of multiple, frequently unpredictable factors on the price changes.
However, if just a couple of years ago, we would say that the factors that influence the price movement of crypto are not identified yet, now, the situation has changed.
It is already proven that crypto prices are influenced by the same factors that move the fiat money prices go up and down.
However, these influences might be of different intensity, and the character of the influence might differ.
So, if you choose to swap rarer coins, such as BCD to USDT, you need to have an idea of where their prices can move. It will help you to see whether the decision is made on time or it is better to keep your coins for a better moment.
So, let us have a look at what experts say about BCD and what to expect from the coin in the next decade.
Some Words about Bitcoin Diamond
Bitcoin Diamond was launched in 2017 as a hard fork from Bitcoin. While the oldest cryptocurrency is still at the top of the crypto exchange ranks, some things can be improved. BCD aimed at doing so by:
- Increasing the block size to facilitate the mining procedures and speed up transaction confirmation;
- BCD was the first project to use the Lightning Network for off-chain transactions;
- BCD cannot be mined with ASICs.
It looks like Bitcoin Diamond is a promising cryptocurrency. Let us have a look though at what the future prepares for it.
BCD Price Forecast
Experts believe that by 2021, the coin value won’t rise above 3 USD. Some specialists insist that the coin price won’t even reach this level.
2022 looks more promising for crypto. Its value will finally cross the mark of 3 USD and the price will start growing.
2023 doesn’t promise anything exceptional. The asset will be increasing in value consistently until it reaches the level of approx. 5 USD by the end of the year.
2024 might become the turning point for BCD. Its price growth will speed up and by the end of the year, the coin is expected to increase in value to up to 8 USD.
In 2025, the growth speed will be approximately the same, and by the end of 2025, Bitcoin Diamond might reach and go above the level of 11 USD per one coin.
2027 – 2030: this period might become crucial for the coin. Just within the three years, the coin is expected to grow to approx. 70 USD per one coin.
While the BCD price is expected to grow, do not forget that crypto investment is risky. You are investing in a highly volatile asset. The most insignificant factors might change the trend within seconds, and all your investments might be lost.
On the other hand, if you assess the situation correctly, such investments might be very profitable in the long run. So, analyze everything properly, plan your every step, and earn!