Get Into Cryptocurrency Trading Today

Trading cryptos is one of the best methods of making money today. Before you start buying and selling altcoins, you should familiarize yourself with the best cryptocurrencies.

This is because lots of cryptos are developed as pump and dump schemes. At the moment, the top cryptos by market cap are Bitcoin, Ethereum, Tether, Binance, and Cardano.

In the guide below, we will briefly review the cryptocurrencies and offer predictions on the future prices of the coins.

1. Bitcoin

Bitcoin is the biggest cryptocurrency by market cap, and it is also the best-known. The currency was launched in 2009 and was essentially valueless for a few years.

Over the years, more people have grasped the concept of cryptocurrencies, and this has boosted the coin to its current price of $33,529. Let’s look at some BTC price predictions given by industry experts.

Longforecast Bitcoin Projection

According to Long Forecast, BTC will follow this pattern:

• The coin will drop slightly in October and November 2021, and then it will go up to $56,799 in December.
• At the start of 2022, the price of this cryptocurrency will go down to $53,392.
• From there, the price will keep going down until May, when it will achieve a price of $59,288.
• BTC will appreciate gradually until September, and at this point, it will have a value of $103,806.
• In October and November 2022, the price will range from $88,359 to $103,806, but it is more likely to maintain an average price of about $97,000.
• By the end of December 2022, BTC will have a value of $114,877.
• At the start of 2023, BTC will have a price of $111,046, and the highest price of the year will be attained in March. This will be $140,933.
• At the end of 2023, the cryptocurrency will have a value of $110,962.

2. Ethereum ETH

Ethereum was initially described in a white paper that was released in 2013, but it was launched in 2015. This is one of the top 5 cryptos today and is second only to Bitcoin. ETH is expected to grow further with the introduction of Ethereum 2.0.

Currently, ETH has a value of $3487.

Longforecast Ethereum Price Predictions

Long Forecast has made the following predictions on ETH:

• Ethereum will increase in price to $5,486 by the end of December 2021.
• The price will go down in January 2022 to $4,612, and from there, it will keep going up in value until September.
• In October 2022, the price of Ethereum will go down from $11,571 to $9,720.
• By December, the value of ETH will be $13, 079, and this will be its highest ever price.
• In January 2023, the cryptocurrency will drop by 2.7% (month-to-month) and will reach a price of $12,732.
• It will attain its highest price of the year in June, and this will be $18,748. By the end of 2023, the currency will be valued at $10,035.

3. Binance Coin BNB

Binance Coin is also ranked among the top 5 cryptos today, and it is tied to the Binance cryptocurrency exchange.

It currently trades at 413.92. Although this is one of the most popular cryptos, you should know that the parent company regularly burns Binance coins and removes them from circulation.

Longforecast Prediction on the Price of Binance Coin

This website has made the following predictions on Binance:

• The price of Binance Coin (BNB) will drop by 12.3% by the end of 2021, and it will close at $407.
• At the start of 2022, the price will drop further to $349, and in February, it will go down to $293.
• From March 2022, BNB will keep going up in value until December, when it will trade for $996.
• In January 2023, the coin will trade at $897, marking a month-to-month decline of 9.9%.
• The coin will reach its highest price of the year in June when it will trade at $1,076.
• From there, the price will keep going down for the rest of the year, and it will finally achieve a price of $558.
• In January 2024, BNB will have a price of $544, and it will eventually rise to $1150 by the end of the year.

4. Cardano ADA

Cardano uses the proof-of-stake method of generating new coins, and this means its carbon footprint is quite low. This is one of the hottest crypto coins at the moment.

It has positioned itself as an alternative to Ethereum as it can be used for purposes such as making smart contracts. ADA is ranked third in the list of top 5 cryptos today.

Long Forecast ADA Price Prediction

Long Forecast has made these Cardano price predictions:

• Cardano will drop from its current price to $2.27 by the end of 2021.
• In January 2022, the price of Cardano will go down even further to $1.91.
• After that, the price will gradually go up, and in August, it will attain a value of $3.92.
• It will then start going down and will end the year at a price of $3.20.
• In 2023, ADA will attain its highest price in March, when it will be trading at $4.86.
• From then, it will keep going down for the rest of 2023, finally settling at a price of $2.29 in December.

5. Tether USDT

Tether was developed to be a stablecoin, which means it does not experience high levels of volatility. The developers of the currency have pegged it to the US dollar, and they claim that it is anchored to the USD at a ratio of 1 to 1.

Whenever a user deposits $1, a new USDT coin is minted, thus maintaining the exchange rate.

Although $1 is supposed to purchase on Tether coin, in practical situations, the exchange rate is slightly higher or lower than $1. At the moment, one USD can purchase 0.99975 USDT coins. The stability of Tether has made it one of the top 5 cryptos today.

Other Important Cryptocurrencies You Should Track

Aside from these 5 cryptocurrencies, you should also keep an eye on these altcoins:

• Uniswap (UNI)
• Chainlink (LINK)
• Aave (AAVE)
• Stellar Lumens (XLM)
• Litecoin (LTC)
• Dogecoin (DOGE)
• SushiSwap (SUSHI)

Conclusion

Although thousands of cryptocurrencies have been created, a handful of them has managed to gain popularity in the market. These include Bitcoin, Ethereum, Binance, Cardano, and Tether.

If you are planning to invest in these cryptocurrencies, you will have to do thorough research on them. That is the only way you will be able to predict their future prices.

Once you have identified the coin you wish to buy, it is important to check the trading signals on XOSignals. You will just need to sign up on our website, and we will then give you free trading signals.

With this information, you can determine when you should purchase certain coins and when you should sell them.

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