Current cryptocurrency predictions in March 2022
Update 02/21/2022 – Bitcoin and Ethereum are trying to recover, SOL is gaining strength
SOL was up almost 7%, QNT was up 10%.
Bitcoin price has settled below the USD 40,000 level.
Ethereum climbed back above $2,700, XRP continues to struggle below $0.80.
SOL was up almost 7%, QNT was up 10%.
Bitcoin price remained negative and settled below the $40,000 mark. BTC also traded below $38,800 and tested $38,000. It is currently correcting losses above $39,000, but bearish traders might remain active near $40,000.
Most of the major altcoins are also facing headwinds. ETH fell below the $2650 support level before recovering. XRP is still trading below $0.80. ADA tested $0.92 before correcting higher.
bitcoin price
After a move lower than US$41,200, the bitcoin price extended losses. BTC broke the key $40,000 support level and even fell below $38,800. It tested $38,000 and broke above $3.9000 today. BTC is now facing resistance at $39,200. Major weekly resistance stands at $40,000, above which the price could rally to $41,200.
On the downside, the $38,200 level is a short-term support. The next key support is near the $37,500 level, below which the price could drop towards the $36,500 level.
ETH price,
gained momentum below the $2,800 support zone and briefly, fell below $2,600. It is now correcting higher and trading above $2,700. Immediate resistance stands at $2,750. The next key resistance is in the $2,880 area, above which the price could rally to $3,000.
If it declines further, the price could reach USD 2,650. The next major support lies at USD 2,600 and USD 2,550.
ADA, BNB, SOL, DOGE, and XRP
Cardano (ADA) fell below the $0.95 support level. It even dropped below $0.925 and tested the $0.92 support zone. The price is now recovering but bearish traders might take action near $1.00.
BNB fell below the $385 support zone and tested $375. The price is now correcting losses with immediate resistance at $392.
Solana (SOL) is up nearly 7% and there was a sharp move above $92 that erased all weekly losses. The main breakout zone is near the US$100 level, above which the bulls could test the US$112 level.
Doge broke the key $0.140 support level and tested $0.135. On a bounce, the price could face resistance at $0.145. On the downside, the $0.135 level is strong support.
XRP price settled below the $0.80 support. It even tested the support at $0.765 and is currently correcting higher. However, a clear move above $0.80 is required for a sustained increase.
Other altcoins markets today
Some altcoins are in the green including LUNA, SHIB, ATOM, LEO, MANA, AXS, ZEC, and QNT. Of those, QNT stock surged more than 10% and crossed $115, causing a 2% weekly loss.
Overall, the bitcoin price is showing bearish signs below the $40,000 support level. BTC could extend its losses if the bulls fail to push the price above $40,000.
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Crypto market rally over the weekend: Bitcoin crosses $42,000, Ethereum above $3,000, meme coins shine
February brought a breath of fresh air to crypto investors who weathered January's storm, which was Bitcoin's worst result since 2018. Over the weekend, the crypto market experienced its biggest rally since November 2021. Finally, investors can expect a cryptocurrency forecast that will be significantly more positive.
The rally saw the global crypto market cap surge by more than $200 billion, briefly surpassing $2 trillion for the first time since Jan. 20. As of Friday morning, the global crypto market was capped at $1.73 trillion, but it is now at $1.928 trillion as of today.
Relief for Bitcoin and Ethereum
Bitcoin led the rush, posting a 15% surge since Friday, February 4th. Bitcoin opened Friday at $37,149 but is now trading at $42,680 at press time. The complete crypto forecast for the week of February 7th, 2022 can be found here: The rally also saw Ethereum trade above $3,000 for the first time in more than two weeks. Having opened at $2,681 on Feb. 4, Ethereum is trading at $3,080 at the time of writing and has gained more than 15% over the past three days. The crypto forecast for 2022 for Ethereum can be found here: cryptocurrency
Dogecoin and Shiba Inu (SHIB), Ripple's XRP shows massive comeback
While all top 50 altcoins except THETA are trading back in the green, meme coins remained the stars of the show as the market rallied.
Over the past 24 hours, Shiba Inu (SHIB) rose in value by more than 22% to $0.00002768, outperforming Dogecoin, which is up 7% over the same period.
In the last 24 hours, XRP has appreciated by 15% and is now trading at $0.7655 – its highest price since Jan. 18.
In our cryptocurrency forecasts, we assume a further price increase.
Nevertheless, every trader is advised to be careful. Even when the market is in a possible reversal, the cryptocurrency price can always surprise and not always be positive. It is therefore important, especially with the high volatility of the market, to back up our crypto forecasts with our own research and to make decisions on our own responsibility.
Our recommendation for trading cryptocurrencies
Cryptocurrency Forecast 2022: Which Cryptocurrency Will Explode?
The crypto forecast 2022 goes in the direction that the market will continue to get stronger - that is, ultimately the question of which cryptocurrency will explode may recede into the background because the experts take the view that all digital currencies will probably evolve with time can gain strength. This is because interest in digital currencies is growing, more and more large investors are investing and the market as a whole can therefore gain in importance.
However, there are certainly some particularly promising cryptocurrencies. For example, the Cryptocurrency Forecast 2022 forecasts that Bitcoin will remain #1 - not only in terms of market capitalization but also when you look at the value and ask which cryptocurrency has the most potential. As acceptance is growing - and since many countries have now announced that they want to recognize bitcoin as a payment method or have already recognized it, this question can be answered with bitcoin.
But bitcoin isn't the only cryptocurrency on the market worth exploring. The next Crypto Forecast 2022 forecast deals with the ten most promising and popular cryptocurrencies - and then looks straight to the future.
That means the crypto forecast for 2022 goes beyond the year 2022.
It should be noted that prices are based on mid-October 2022. However, since the crypto market is very volatile, prices may have changed again by the time you read the article.
Dogecoin (DOGE) forecast – is it headed towards $1 now?
According to our Dogecoin forecast for 2022, the market capitalization is 33.4 billion US dollars. The special feature of Dogecoin? The cryptocurrency is based on a “doge meme”. This also explains the logo of the cryptocurrency. The Dogecoin was actually started as a satirical project against Bitcoin. But the fun counterpart to the mother of all cryptocurrencies was able to draw attention to itself through various projects and is now considered the number 1 Bitcoin alternative. Some experts recognized in the crypto forecast 2022 that there are similarities with the Dogecoin and the Development of Bitcoin there.
But in the end, will the Dogecoin actually be able to experience such strong price increases that it will march in the direction of Bitcoin? That may be unrealistic at this point in time. Dogecoin is currently trading at $0.25 - an all-time high on May 8, 2021: $0.73.
In the cryptocurrency forecast 2022, which was made earlier in the year, there were calculations that it would be possible at times for the Dogecoin to top $1 by the end of the year. The current crypto forecast 2022 assumes that the Dogecoin will probably stay below the USD 1 hurdle, but there is a possibility of rising towards USD 0.50.
A further increase is expected in the next two to three years. For many experts, the crossing of the 1 US dollar hurdle, in particular, represents the beginning of a strong upswing - then, according to the experts, things can go up very quickly.
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Polkadot (DOT) Prediction – Is a 2022 Bull Run Almost Fixed?
If you deal with the question of which cryptocurrency is going to rise, you will inevitably be familiar with the name Polkadot. The market capitalization is 46 billion US dollars.
Polkadot was founded in 2017. Blockchain technology runs in the background. It should be noted that Polkadot has the special feature that several blockchains are connected here. This means that the networks can communicate with each other. And that's one reason why the crypto forecast for 2022 - with a view to Polkadot - is quite promising.
Some pundits believe Polkadot will be the future of finance and can't get off the screen. Mainly because you can reduce bureaucracy and save fees with Polkadot. If you deal with forecasts cryptocurrencies, then Polkadot is definitely not to be ignored.
Polkadot is priced at $44. The all-time high was set on May 15, 2021, when the price was $49. Which cryptocurrency will explode? If Polkadot can meet expectations, then a further increase is quite possible - crossing the 100 US dollar mark is not seen as realistic in the cryptocurrency forecast 2022, but this limit may be tackled in the coming year – so 2022.
Our recommendation for trading with Polkadot:
US Dollar (USDC) Currency Forecast - Not For Speculators
With 32 billion US dollars, the USD coin may still be in the ranking of the top 10 cryptocurrencies according to market capitalization. However, one must note that the coin is hardly mentioned in any crypto forecast 2022. This is because it is a stable coin. This means that the USD coin is tied to the US dollar - strong price increases are not to be expected. That said, USD Coin is not the answer to which cryptocurrency will explode.
Ripple (XRP) Predictions - An Uncertain Future Awaits
The market capitalization of the XRP is 53 billion US dollars - a tremendous value considering that the platform has been in the crossfire of criticism for quite some time. Ripple has to prove that XRP is actually a cryptocurrency - there were some inconsistencies, but the supervisory authorities and courts have not yet made a decision on how XRP or Ripple will continue. However, the minds behind the platform have confirmed that the cryptocurrency will definitely live on.
It should be noted that Ripple is a platform that uses a cryptocurrency, XRP, which many users see as an alternative to classic cryptocurrencies. This is because the banks and financial institutions are not seen as "opponents" here, but rather work together with these institutions. But that is also the reason why XRP is not accepted by convinced crypto fans.
The cryptocurrency forecast 2022 assessed the development of the XRP positively - but the fact that inconsistencies then led to the price going down was not expected in the cryptocurrency forecast 2022.
At the current time, however, XRP is at 1.15 US dollars and was, therefore, able to record a significant increase compared to the early months of 2021. The all-time high was set on January 7, 2018, when the price was $3.40. A forecast for cryptocurrencies for 2022 will certainly also deal with XRP - In the case of XRP, crucial for the crypto outlook of 2022 is how the supervisory authority or the court decides how or why XRP can survive.
Our recommendation for buying Ripple safely and easily:
Solana (SOL) Forecast – Will the price explosion now be followed by the next high?
Solana is an emerging cryptocurrency, and Solana may well be an answer to the question of which cryptocurrency will explode. Because Solana has already exploded: A year ago, i.e. in October 2021, the price was below 2 US dollars - on September 9, 2021, the all-time high was set at 213 US dollars.
The market capitalization is 55 billion US dollars. The cryptocurrency, which was launched by Anatoly Yakovenko in 2017, has been flying high for over a year. This is because Solana relies on the so-called timestamp algorithm, which clearly differs from many other algorithms used in cryptocurrencies. The algorithm makes it possible for automated transactions to be queued up one after the other, which are then carried out in fractions of a second. Solana relies on the so-called Proof of Stake principle. So it is also possible to do staking here. A process by which consensus is reached on the blockchain network so that one knows which network participant can then create the next block.
Staking means that digital currencies can be kept on the Proof of Stake blockchain for a certain period. This means that all transactions made on the blockchain can be seen.
The fact that Solana had the cryptocurrency forecast 2022 on the screen but did not appear when the question was asked which cryptocurrency will explode shows that the market is always good for surprises. You should also keep this in mind if you decide to invest in one or the other cryptocurrency, which was predicted to have a good starting position in the crypto forecast in 2022. Because a cryptocurrency that is mentioned when it comes to which cryptocurrency will explode can also experience strong corrections. The market is sometimes unpredictable, and experts and analysts alike say so.
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Tether (USDT) - Hedging Cryptocurrency
The tether may not matter to many crypto fans because it is a classic stable coin. This means that major price changes are not to be expected here. In addition, Tether is issued by a single company - the principle of cryptocurrencies is therefore not followed here.
Ultimately, although Tether may have a market capitalization of 70 billion US dollars, it is absolutely unattractive in terms of investing.
Cardano Forecast (ADA) - The Alternative to Bitcoin
It is not surprising that Cardano will play a role in the cryptocurrency predictions for 2022. Given the issue of cryptocurrency that will arise, Cardano must be mentioned. Cardano ranks fourth by market capitalization - 71 billion yen. The price was set at 27 2.27, the all-time high on September 2, 2021: 0 3.09. In October 2020, the price was 10 0.10.
Cardano was created by Charles Hoskinson, founder of Ethereum. Cardano chasing the target? They want to analyze and then solve blockchain currency problems. 2020 was already the first update to decentralize the blockchain 100 times. Alonzo was updated on September 12th.
What cryptocurrency is going to explode? There is a recommended alternative to Bitcoin or other expensive cryptocurrencies with Cardano because one has to guess here that the cryptocurrency forecast for the next few years will point to Cardano the question of which cryptocurrency will grow.
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