Coinpedia.org- How Accurate Are Their Predictions?

Where is Bitcoin headed? This is a question that concerns many crypto investors. Everyone wants to know how long the dip will extend. Others want to know if the cryptocurrency market will resume its bull run. Well, one way of knowing the future price of cryptocurrencies is by checking experts’ predictions. Just like we provide crypto predictions at – TradingBeasts.com/Crypto, Coinpedia.org does the same. Today we will have a look at what they forecast for a couple of popular coins.

About CoinPedia

Coinpedia is a service agency trusted for providing information on blockchain and digital assets. The site provides up-to-date information on crypto start-ups, ICos, blockchain events, tracking tools, Crypto DEX guide, news tips, and press releases. Besides sharing updates of cryptos, they also analyze the growth of cryptocurrencies and the blockchain industry.

The platform also provides live market and price analysis. Most importantly, they offer expert price predictions. You will therefore get expert price prediction for Litecoin, Dogecoin, Monero, among other cryptocurrencies.

CoinPedia Cryptocurrency Predictions

Bitcoin Predictions

Coinpedia projects that BTC will experience exponential growth in 2021. According to their bitcoin predictions, the price is forecasted to range between $70 000 and $80000. The expert projects a strong consolidation around the $50000.

In 2022, bitcoin is expected to trade above $65000. On the higher side, the price could range between $75k to $80k. According to the site’s expert analysis, the price is projected to consolidate or correct for a relatively extensive period. However, the price is expected to maintain the bullish momentum, pushing the price past the $100k mark. At Trading Beast we project that Bitcoin price to range between $33247 and $57665. 

In general, Coinpedia posits that bitcoin is an excellent long-term investment. They expect the cryptocurrency to rake in 25.13% ROI. As per the experts, bitcoin could sustain a price above 150K in the future. 

Ethereum Price Predictions

Like other cryptocurrencies, 2021 is a golden year for Ethereum. In May this year, the price increased significantly, reaching an all-time high of $3087. Coinpedia predicts that Ethereum could trade above $5000 at the end of 2021. 

In 2022, the price is projected to range between $4000and $5000 at the beginning of the year. The digital coin is expected to maintain a bullish momentum and surge past $6000 before the end of 2022.  The ETH ecosystem is expected to develop new projects to boost the venture. These new developments could push the price of Ethereum to the $10000 mark in the next five years, as per Coinpedia predictions. 

At Trading Beast we also project Ethereum will have a bullish movement. At the beginning of 2022, the price could reach a maximum price of $3131. Our forecast for the Ethereum project a minimum price of $2571 and a maximum price of $3782. This is quite lower than Coipedia’s range of $4000 to $5000. 

Binance Coin Price prediction

Binance coin ranks fourth by market capitalization in the list of cryptocurrencies. Many businesses accept virtual currency as a payment method. In 2021, the Binance coin opened the year at $40 before smashing the $100 in a few weeks. As if that is not enough, it continued to surge, breaking the $500 in just a few months. In April, the cryptocurrency reached an all-time high of $637.44.

Coinpedia predicts the price of Binance cash will reach $800 by the end of 2021. This is significantly higher than Trading Beast’s expected maximum price of $405. The site predicts the coin’s price could reach $1000 by mid-June 2022 before rising to close the year at $1800. This quite higher than Trading Beast’s projected price of $371 in June 2022. 

 Binance coin is expected to integrate new features, including price prediction and asset conversions. These features are expected to soar the price breaking a new high along the way and eventually reaching $5000. 

Bitcoin Cash Predictions

Bitcoin Cash development is based on Bitcoin fundamentals. It was created to provide a more enhanced payment method. It has soared from $340 at the beginning of the year to smash the $1000 all-time high set in 2018. Coinpedia projects the price of bitcoin cash to range between $2500 to $3400 by the end of 2021. As per the prediction, the cryptocurrency is expected to trade at $2134 in the first quarter of 2022. However, the price could plunge to $1560. If the price maintains the bullish run, the price is expected to hit $3500.

At Trading Beast we have a more conservative predicted maximum price of $1075 in 2022. With new projects expected to be incorporated, the price is expected to trade between $5000 and $6000. However, the price might dip to as low as between $2500 and $3000 by 2025. 

Litecoin

Currently hovering around $164, Coinpedia expects Litecoin to smash the all-time highs of $375 and hit the $500 mark. The site projects the cryptocurrency to start the year trading between $365 and $450 in 2022. However, the price is expected to surge higher throughout the year to reach $600.The is almost thrice our projected maximum price of $266 in 2022. In the next five years, cryptocurrency is expected to become an accepted payment method for digital transactions. The development is expected to push the price to highs of $800. 

Dogecoin Price Prediction

Dogecoin ranks sixth on top cryptocurrency by market cap. It has also dipped like most cryptocurrencies, trading at $0.3348. Coinpedia forecasts that the cryptocurrency price could increase in the future to reach $1 and push it higher in market cap higher ranking.  

As per the prediction, the virtual currency could commence 2022 trading at $1.8 and increase to $5.  Trading Beast expected maximum price for dogecoin is $0.6311. With support and influence from major investors, the meme token could reach an all-time high of $8 before plunging massive to $2. Coinpedia forecast expects the price to reach $15 in five years. If there are no hurdles along the way, the price is expected to hit $25 in five thanks to collaborations and development projects.

Polkadot Price prediction

At the dawn of 2021, Polkadot was trading at $9.12. However, it has risen significantly, breaking new heights. Although the price is currently in a bear run, Coinpedia expects the price of Polkadot to increase and reach $160 by the end of 2021. At Trading Beast we project Polkadot to attain a maximum price of $28.12 by December 2022. 

The cryptocurrency is expected to trade at $165 in the first quarter of 2022. The cryptocurrency is expected to woo investors and boost its customer base. As a result, the price will surge, reaching $260 by the end of the year. 

In the next five years, Polakdot could cement its position as a trade currency of choice. Additionally, the Polkadot community expected to collaborate with other developers to enhance its protocol. Therefore, it is expected to rise consistently, breaking new highs, and reach $450 at the end of the new year.

Dash Price Predictions

While the opening price of Dash was just $100, the cryptocurrency rallied quickly, hitting $300. Although the crypto slid to $200, it rose again to a high of $375 in May. Crypto plans to create a Hong Kong based team to help the digital currency remain transparent and open. Due to this development, CoinPedia expects the price of Dash to reach $800. As per Trading Beast’s prediction, the maximum predicted price of Dash is $231. 

As per the predictions, Cryptocurrency is expected to start 2022 trading at $805. It could strengthen throughout the year to reach $1900 by the year. Dash community is likely to enter into collaborations with payment processors. This will see the tokens succeed in pushing the price as high as $3500 in five years, becoming one of the most valuable digital tokens in the world.

Monero Price Predictions

Monero has been on an uptrend from the beginning of the year. The price crossed the$160 mark at the beginning of the year and eventually broke the $300 mark in April. The bull run is expected to continue pushing the price in the range of $550 and $625.  At the end of the year, the cryptocurrency could reach the $700 mark. Strong market sentiments could push the price as high as $1000. However, the bear market could see the price plummet to $500. 

Coinpedia predicts virtual currency prices to range between $689 to $700 in the early months of 2022. The rally is expected to continue up to $1500 at the end of August. However, the price could plunge to $1147 at the end of October. Trading Beast forecast Monero could reach a maximum price of $343 in October. As per the forecasts, XMR is expected to surge in the next five years. The bearish trend is expected to drop to between the $650 and $989 price range. However, bullish momentum could see the price reach $1100 by 2025.

Final Word on the accuracy of Coinpedia.org predictions

Coinpedia strives to provide quality and accurate market predictions of the cryptocurrency market. While the experts consider numerous factors, the forecasts are computer-generated. Therefore, investors should take the predictions of Coinpedia.org as well as ours TradingBeasts.com/Crypto predictions with a grain of salt.