2021-10-12 13:57 |
In this guide, we will voice our own and market’s opinion on BTG future while discussing Bitcoin Gold price forecast for 2022 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Bitcoin Gold.
Now, let’s head into it. Before we delve deep into the Bitcoin Gold price prediction and answer questions if BTG is a good investment or not, why will BTG succeed or fail or why will Bitcoin Gold price rise or drop, let’s quickly throw a glance at what is BTG and its to date history.
What Is Bitcoin Gold?You can “mine” Bitcoin with specialized “ASIC” mining computer equipment. This is expensive hardware and consumes a lot of energy. That cost has caused the main version of Bitcoin production to land more and more in the hands of the elite.
Bitcoin Gold is meant to put digital mining back into the hands of regular people. Instead of needing specialized equipment, Bitcoin Gold can be mined by regular computers. This allows anyone with a regular computer to mine Bitcoin Gold, much the way Bitcoin was mined in the beginning.
The Bitcoin Gold ecosystem is driven by the Equihash proof of work algorithm, which links block output to the memory available for storage. Effectively, ASIC machines were put at a disadvantage from the onset of Bitcoin Gold as custom modifications will be required at intervals to keep up with the updates to the algorithm. In simple terms, the machine might not have delivered its expected ROI before it is rendered obsolete, and no longer fit for purpose.
Smallholder hardware miners are projected to be the big winners, meaning that the blockchain and its reward system will remain democratic and decentralized. With the Bitcoin blockchain being primarily open-source and technology-driven, room for transparency and decentralization is provided, making it a community project.
Compared with other cryptocurrencies, it bears a semblance to Monero in terms of anonymity. It differs from Ethereum and Bitcoin, which are both known to publish transaction details via their respective explorers. This is a point of departure for Bitcoin Gold, which does not reveal actual wallet addresses.
BTG Price Prediction For The Next 90 DaysThe whole crypto market is currently on the verge of a real bull run.
There is no broader consensus as crypto analysts are divided as some of them are still calling this market a bull trap.
Others, lead by famous on-chain experts like Will Clemente and Willy Woo, are calling this a preparation stage for a face-melting bull run.
As always, bitcoin has the final say and altcoins will follow suit once the flag bearer decides the direction. Right now, Bitcoin is sucking the life out of altcoins but once it settles in the new price range, altcoins will start to pump - we have witnessed this scenario dozens of times in the distanced and more recent history.
Our price prediction model is bullish for the next 90 days with a hint of a bear market at the turn of the year. We expect whales and other bigger players in the market to take their profits around that time which will cause a typical and sudden crypto crash.
CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project.
Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will BTG develop in the short-term (for the next 90 days), according to our prediction model:
Quick reminder for crypto newcomers
Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.
If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.
If you plan to …
Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.
If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.
If you plan to be a holder, then why not put that crypto to work by borrowing it out on crypto lending platforms.
Below are our recommendations:
Exchange: Binance for highest liquidity and coin choice. Gate.io & KuCoin for gem hunters. ByBit for leveraged trading (Margex for really crazy leverages).
Safe hardware wallet: Ledger Nano X, Trezor or CoolWallet Pro.
Tax Tool: Koinly, Cointracking or ZenLedger.
Charting tools & bots: Bitsgap, Coinrule or Cryptohopper.
Lending platforms: BlockFi (for US residents), YouHodler (for EU and rest of the world).
Our prediction model sees a temporary switch to a bear market at the beginning of 2022 before we move onto another leg up in Q3 & Q4 of 2022.
Our prediction model sees BTG faltering in 2025 and dropping down to $0 or almost $0.
Bitcoin Gold price in 2030 & 2040 could be close to zero as we don’t see a bright future for it in the distant future. The project offers no unique value to set itself apart from countless competitors, hence we don’t think it is worth investing in this coin for the long term.
Read also:
Curve DAO Token Price Prediction | CRV Price ForecastHuobi Token Price Prediction | HT Price ForecastWaves Price Prediction | WAVES Price ForecastHarmony Price PredictionDecred Price PredictionTheta Fuel Price PredictionZcash Price PredictionStacks Price PredictionBitcoin SV Price PredictionUNUS SED LEO Price PredictionMaker Price PredictionThe post Bitcoin Gold Price Prediction 2022 – 2025 – 2030 | BTG Price Forecast appeared first on CaptainAltcoin.
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