All crypto world is on average of a full-fledges bear market. Bitcoin plummeted 50% from its all-time high. This was amidst the broader market drops that by intense inflation impacted and US Fed rate increases.
Investors are selling off all risky assets and leaning into more stable markets. Crypto is still perceived as a highly risky play and hence the sell offs.
Our also stills seems to see some green in 2022, especially in the second part of the year.
At this moment, Bitcoin needs to find a local bottom before we can move in the other direction and reverse the trend.
Once Bitcoin settles in the new price range, altcoins will begin to follow suit. We have seen this scenario dozens of times before in the distanced and more recent past.
Our price prediction model is bearish for the coming 90 days. It has a hint of a bull market at the turn of the quarters from Q1 to Q2. We predict whales and other bigger players in the market to complete filling their nags around that time which will cause a typical and sudden crypto rise.
CaptainAltcoin team has created a price prediction model. It has a multi-faceted approach to crypto that takes into account both the technical analysis and fundamental assessment of each project.
The fundamentals that we evaluate are team, tokenomics, use case, community, liquidity and exchange availability, hype and speculative potential, and marketing efforts another a few other proprietary factors developed in our crypto lab.
Price Prediction for 2022
Many of the experts agree that this bear market will last at least for the first quarter of 2022 before we actually see some stabilization and small trend reversals. The prediction was that Persistence could go up by 72.83% and reach $5.69 by December 2022.
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