Babica Yaga
Untermensch subhuman genetic trash
★★★
- Joined
- Jul 28, 2020
- Posts
- 3,229
If you think cryptocurrencies are a sham, don't continue reading and close the page. If you believe it will usher in a decentralized digital new age keep reading.
1. Bitcoin (BTC)
The one that started it all. I believe Bitcoin will only stay as a store of value and will not be used for transacting in everyday life much. Unless the developers fix the many issues like scalability and transaction fee price I believe mass adoption will not be anytime soon. Seeing that they couldn't even decide over a fucking block size I personally don't see it happening, but I could be wrong who knows. The lightning network could make it becomes a store of value + a means for everyday transacting and that would give it a huge boost in the price. Assuming market cap of gold (10 trillion) will be surpassed in the next 5 years, it will probably 10x relative to current price which at the time of writing is ~$50.000.
5 year price prediction: $500.000
2. Ethereum (ETH)
Founded by Vitalik Buterin. First crypto to introduce smart contracts. Ethereum is currently suffering from many problems that Bitcoin also suffers from. Gas fees are insane, but Ethereum 2.0 might bring solutions to some of the problems Ethereum currently has. I believe it can reach a trillion market cap in 5 years.
5 year price prediction: $10.000-15.000
3. Polkadot (DOT)
See also Cardano. Polkadot was founded by Gavin Wood, a computer scientist and one of the co-founders of Ethereum. Polkadot is also smart contract platform like Ethereum, but has fixed many of the problems Ethereum has. I see Ethereum, Polkadot and Cardano as the 3 crypto that will play a dominant role in the future. There are other similar ones like Tezos, Algorand and ICON, but I think they lack the ability to grow due to bad marketing and mistakes made in the past impeding their growth. I believe it can reach $500 billion-1 trillion market cap in 5 years.
5 year price prediction: $300-500
4. Cardano (ADA)
I personally am the most bullish on this project. Founded by Charles Hoskinson, who is also a co-founder of Ethereum. Cardano is a smart contract platform like DOT and ETH, however it is built on peer-reviewed scientific research. They have developed the most advanced proof-of-stake(1) protocol called Ouroboros(2), which apparently is also one of the most cited scientific papers in crypto and blockchain literature. The protocol that Polkadot uses was derived from this protocol. You can stake your ADA coins to get 4-6% interest per year. It is the most decentralized crypto (more decentralized than BTC) and the Cardano community is probably one of the strongest in the crypto space next to Bitcoin's (very important imo). I believe it can reach $500 billion-1 trillion market cap in 5 years.
1 Proof-of-stake in contrast to Bitcoin's proof-of-work, a protocol to secure the blockchain network that barely uses any electricity. Bitcoin uses 120 TWh electricity per year, roughly equal to a country like Argentina/Belgium per year, in order to secure the network.
2 They are developing a new protocol called Ouroboros Omega
5 year price prediction: $10-20
5. Ripple (XRP)
Shitcoin. Do not buy. Corrupt and centralized. Is considered a joke in the crypto community now after the SEC lawsuit.
5 year prediction: $0
6. Litecoin (LTC)
Literally a copy of Bitcoin, I see no long term future for it unless it becomes the "silver" to Bitcoin's "gold". I predict a market cap of 50-100 billion in the next 5 years.
5 year price prediction: $500-1000
Feel free to add your own crypto and price prediction below, I am curious
1. Bitcoin (BTC)
The one that started it all. I believe Bitcoin will only stay as a store of value and will not be used for transacting in everyday life much. Unless the developers fix the many issues like scalability and transaction fee price I believe mass adoption will not be anytime soon. Seeing that they couldn't even decide over a fucking block size I personally don't see it happening, but I could be wrong who knows. The lightning network could make it becomes a store of value + a means for everyday transacting and that would give it a huge boost in the price. Assuming market cap of gold (10 trillion) will be surpassed in the next 5 years, it will probably 10x relative to current price which at the time of writing is ~$50.000.
5 year price prediction: $500.000
2. Ethereum (ETH)
Founded by Vitalik Buterin. First crypto to introduce smart contracts. Ethereum is currently suffering from many problems that Bitcoin also suffers from. Gas fees are insane, but Ethereum 2.0 might bring solutions to some of the problems Ethereum currently has. I believe it can reach a trillion market cap in 5 years.
5 year price prediction: $10.000-15.000
3. Polkadot (DOT)
See also Cardano. Polkadot was founded by Gavin Wood, a computer scientist and one of the co-founders of Ethereum. Polkadot is also smart contract platform like Ethereum, but has fixed many of the problems Ethereum has. I see Ethereum, Polkadot and Cardano as the 3 crypto that will play a dominant role in the future. There are other similar ones like Tezos, Algorand and ICON, but I think they lack the ability to grow due to bad marketing and mistakes made in the past impeding their growth. I believe it can reach $500 billion-1 trillion market cap in 5 years.
5 year price prediction: $300-500
4. Cardano (ADA)
I personally am the most bullish on this project. Founded by Charles Hoskinson, who is also a co-founder of Ethereum. Cardano is a smart contract platform like DOT and ETH, however it is built on peer-reviewed scientific research. They have developed the most advanced proof-of-stake(1) protocol called Ouroboros(2), which apparently is also one of the most cited scientific papers in crypto and blockchain literature. The protocol that Polkadot uses was derived from this protocol. You can stake your ADA coins to get 4-6% interest per year. It is the most decentralized crypto (more decentralized than BTC) and the Cardano community is probably one of the strongest in the crypto space next to Bitcoin's (very important imo). I believe it can reach $500 billion-1 trillion market cap in 5 years.
1 Proof-of-stake in contrast to Bitcoin's proof-of-work, a protocol to secure the blockchain network that barely uses any electricity. Bitcoin uses 120 TWh electricity per year, roughly equal to a country like Argentina/Belgium per year, in order to secure the network.
2 They are developing a new protocol called Ouroboros Omega
5 year price prediction: $10-20
5. Ripple (XRP)
Shitcoin. Do not buy. Corrupt and centralized. Is considered a joke in the crypto community now after the SEC lawsuit.
5 year prediction: $0
6. Litecoin (LTC)
Literally a copy of Bitcoin, I see no long term future for it unless it becomes the "silver" to Bitcoin's "gold". I predict a market cap of 50-100 billion in the next 5 years.
5 year price prediction: $500-1000
Feel free to add your own crypto and price prediction below, I am curious
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