In this guide, we will express our and the market’s opinion on the future of BCN as we discuss Bytecoin’s price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt as predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Bytecoin.
Now, let’s get into it.
Before delving into the price prediction of Bytecoin and answering questions about whether BCN is a good investment or not, why BCN will succeed or fail, or why the price of Bytecoin will rise or fall, let’s quickly take a look at what BCN is and its history to date.
Introduction of Bytecoin
Bytecoin is one of the first post-Bitcoin, privacy-focused cryptocurrencies that implements CryptoNote, also used by other privacy coins such as Monero.
The Bytecoin team believes Bitcoin’s on-chain transactional privacy is insufficient for a widely used peer-to-peer value transfer network. Borrowing the CryptoNote white paper, Bytecoin implements one-time ring signatures that allow complete transactional disconnectability between network participants.
Unlinkability is one of the two main transaction data privacy goals for Bytecoin, the other being untraceability. Bytecoin believes that Bitcoin does not sufficiently meet, if at all, these privacy requirements and aim to build a protocol that does.
BCN Price Prediction of Captainaltcoin
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Bytecoin Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor
BCN Price Forecast 2025
Our forecasting model sees NCBs reaching $0.0000 in 2025.
How much will NCB be worth in 5 years?
The price of BCN in 5 years could be around $ 0
Bytecoin Price Prediction 2030 – 2040
How much will Bytecoin be worth in 2030?
Our forecast model sees Bytecoin reaching $0 in 2030.
How much will Bytecoin be worth in 2040?
Our forecast model sees Bytecoin reaching $0 in 2040.
Will Bytecoin replace/surpass/surpass Bitcoin?
No, Bytecoin will not replace or exceed BTC.
Can Bytecoin reach $0.10?
No, our prediction model sees no chance for Bytecoin to reach $0.10 in the short or medium term.
Can Bytecoin reach $1?
No, our prediction model sees no chance for Bytecoin to reach $1 in the short or medium term.
How high will Bytecoin go?
Our prediction model sees the price of Bytecoin plummet and fall to almost 0 in the distant future.
Is Bytecoin worth buying?
We don’t see a bright future for Bytecoin. It is worth buying only as a short-term speculation with a good exit strategy. Bytecoin is not a good long-term hold.
Is Bytecoin a good investment?
Bytecoin is not a good investment in our opinion. Because? Well, it faces fierce competition from other similar crypto projects, it doesn’t stand out for its technology and innovation, it doesn’t have a real community (not counting speculators and the hype-chasing crowd), and the team behind the project isn’t proven.
Can Bytecoin make you a millionaire?
No, Bytecoin can’t make you a millionaire as we don’t see it making a 10x price increase anytime in the future.
How much will Bytecoin be worth?
For the short-term future, it could reach $0.0000. In the long term (8-10 years), it will most likely drop to 0 or so.
Why will Bytecoin succeed and go up in price?
Bytecoin has a small chance of success. He has no first-time advantage, he doesn’t bring any unique value proposition, he has a weak team and a small community behind him. All this summarized prevents Bytecoin from being successful and increasing the price in the long term.
What is the short-term forecast for Bytecoin?
Bytecoin will reach $0.0000
over the next 90 days, which is a 60.8% change from the current price which hovers around $0.0000.
Bytecoin Price Prediction Today – What Will Be the Price of Bytecoin Tomorrow?
Bytecoin will hover around $0.0000 tomorrow.
NCB’s future prospects
As a result, more than 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of the projects will become the new Apple, Google or Alibaba in the cryptocurrency sector. Will the NCB be among that 5%?
Almost certainly NO.
After being boxed by Binance and other big exchanges, there are a couple of team members (probably some freelance community managers) who still emerge from time to time to promise the “new roadmap” before diving back into the darkness and opacity of the Bytecoin desert.
One of the
BCN users had a fairly plausible explanation of what happened with Bytecoin and where the developers and the core of the team are:
“The developers left the ship, didn’t you notice? the last move they made was, list in Binance, send their BCN there, disable all Bytecoin wallets with a DDOS (the Bytecoin wallet allows a DDOS attack that leaves the network dead, if almost no hashpower) and while everyone was trying to revive the wallets culminated one of the biggest cyptomundo scams, They sold all their coins and now they don’t need to say anything, they have achieved their goal, don’t you see?”
If you recall, the quotation of the major exchanges caused the price of this coin to rise to $ 0.018 and its market capitalization exceeded $ 3 billion before the start of issuance. The “private and untraceable” Bytecoin was apparently not prepared to handle this great investor interest, as the network “crashed” without any explanation immediately after this massive price spike. No one was able to withdraw or transfer their BCN tokens and panic took over.
Why will Bytecoin (BCN) be successful?
Really hard to see any reason to list here – it’s a privacy coin with no innovation, dissipated community, anonymous and seemingly idle developer teams. There are much better options for privacy-interested users to use in Monero, Dash, and ZCash. Bytecoin simply has no reason to exist.
Why will NCBs fail?
Because it was a dubious project from its inception. As Riccardo Spagni, lead developer of Monero and crypto insider explains:
“The reality is that 82% of the coins had already been mined before its ‘public’ release. Even if the prized coins were not made in such a harmful way, it still means 82% of the coins in the hands of unknown and invisible people. It basically centralizes a decentralized currency. ”
82% is a huge number of coins to be rewarded and gives developers and stakeholders the opportunity to influence the price of BCNs exclusively with their holdings. In addition, this opens up the possibility of a “pump and dump”, which means that the premiered Bytecoins can be downloaded to the market which, in turn, would cause a significant drop in price.
“Even if you take the fact that Monero is clearly leading the innovation race, I would think it dangerous to touch a coin where 82% of it is held by unknown actors who were not publicly observed during the period they allegedly mined the coin. Having a dark history is not a good precedent.” – Spagni also says.
Another worrying fact about Bytecoin is that it has been on the market for so long and yet, very little is known about its developers. Even on the official site of the currency, you can only find pictures and names without detailed information. To conclude: if you are stuck with bags of this, apologize for your loss – sell it if you can and take it as a valuable lesson for the future investment decision.
Will BCN reach $1?
Probably not. It is more likely to reach zero than a dollar.