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 2022 and beyond.
Keep in mind that you should take this and any other prediction with a pinch of salt since predicting anything is a thankless task, not to mention predicting the future of a new highly volatile financial asset like Bytecoin.
Now, let’s get into it.
Before we delve into Bytecoin’s price forecast and answer the questions of whether BCN is a good investment or not, why BCN will succeed or fail, or why bytecoin’s price will rise or fall, let’s quickly take a look at what BCN is and its history to date.
Introduction to Bytecoin
Bytecoin is one of the first post-Bitcoin, privacy-focused cryptocurrencies that implements CryptoNote, which is also used by other privacy coins such as Monero.
The Bytecoin team believes that Bitcoin’s on-chain transactional privacy is insufficient for a widely used peer-to-peer value transfer network. By borrowing the cryptoNote white paper, Bytecoin implements one-time ring signatures that enable complete transactional disconnectability between network participants.
Detachability is one of the two main transaction data privacy goals for Bytecoin, the other being non-traceability. Bytecoin believes that Bitcoin does not sufficiently, if at all, meet these privacy requirements and aim to build a protocol that does.
BCN price forecast
The entire world of cryptocurrencies is on the verge of a real bear market. Bitcoin has tumbled 50% from its all-time high among the broadest market declines impacted by furious inflation and US Fed rate hikes.
Investors sell risky assets and move into more stable markets. Crypto is still perceived as a very risky game and therefore the sell off.
Our algo still sees some greenery in 2022, especially in the second half of the year. This is reflected in our forecasts for 2022.
Right now, Bitcoin needs to find a local fund before we can move in the opposite direction and reverse the trend.
Once Bitcoin stabilizes in the new price range, altcoins will start doing the same – we’ve witnessed this scenario dozens of times in distant and more recent history.
Our price forecast model is bearish for the next 90 days with a hint of a bull market straddling the Q1 to Q2 quarters. We expect whales and other larger players in the market to finish filling their bags during 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 2022
Most experts agree that this bear market will last at least for the first quarter of 2022 before seeing some stabilization and small trend reversals.
NCB Price Forecast 2025
Our forecast model sees BCN reach $0.0000 in 2025.
Bytecoin Price Prediction 2030 – 2040
How much will Bytecoin be worth in 2030?
Our forecasting model sees Bytecoin reach $0 in 2030.
How much will Bytecoin be worth in 2040?
Our forecasting model sees Bytecoin reach $0 in 2040.
Will Bytecoin replace/surpass/surpass Bitcoin?
No, Bytecoin will not replace or surpass BTC.
Can Bytecoin reach $0.10?
No, our forecasting model sees no chance for Bytecoin to reach $0.10 in the short or medium term.
Can Bytecoin reach $1?
No, our forecasting model sees no chance for Bytecoin to reach $1 in the short or medium term.
How high will Bytecoin go?
Our forecasting model sees the price of Bytecoin plummet and drop 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 short-term speculation with a good exit strategy. Bytecoin is not a good long-term outlet.
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 crowd chasing the hype), and the team behind the project is not 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. It has no first-mover advantage, it doesn’t bring any unique value proposition, it has a weak team and a small community behind it. All this in all prevents Bytecoin from succeeding and increasing the price in the long run.
What is the short-term forecast for Bytecoin?
Bytecoin will reach $0.0000 in the next 90 days, which is a 61.2% change from the current price that hovers around $0.0000.
Bytecoin Price Prediction Today – What will be the price of Bytecoin tomorrow?
Bytecoin will hover around $0.0000 tomorrow.
FUTURE PROSPECTS NCBS
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 crypto.graphic sector. Will BCN be among those 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 surface 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 core of the team are:
“The developers left 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 in one of the biggest cyptomundo scams, they sold all their coins and now they don’t need to say anything, they’ve achieved their goal, don’t you see?”
If you remember, the quotation of the best trades caused the price of this coin to rise to $ 0.018 and its market capitalization exceeded $ 3 billion before the start of issues. The “private and untraceable” Bytecoin was apparently not prepared to handle this investor interest, as the network “crashed” without any explanation immediately after this huge price spike. No one was able to withdraw or transfer their BCN tokens, and panic took over.
Why will Bytecoin (BCN) succeed?
Really hard to see a reason to list here – it’s a coin for privacy without innovation, dissipated community, anonymous and seemingly inactive team of developers. There are much better options to use for users interested in privacy in Monero, Dash, and ZCash. Bytecoin simply has no reason to exist.
Why will BCN fail?
Because it was a dubious project from its inception. As Riccardo Spagni, lead developer and crypto insider of Monero, explains:
“The reality is that 82% of the coins had already been mined before its ‘public’ issue. Even if the rewarded coins were not made in such a harmful way, it still means that 82% of the coins are 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 NCBs solely with their holdings. In addition, this opens up the possibility of a “pump and dump”, which means that the pre-released 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’s 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 website of the currency, you can only find pictures and names without detailed information. To conclude: if you are stuck with bags of this shitcoin, sorry 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.
Bytecoin is dead?
No, but she’s on a life support machine waiting for someone to pull the plug and officially declare her dead.