Bytecoin (BCN) is currently ranked as 39th largest cryptocurrency, presently rising by over 5% in the last 24 hours on December 16thas the entire market is showing a bullish single day return. Bytecoin is at the same time one of the oldest cryptocurrencies in the market, having been issued over 6 years ago back in 2012. However, the cryptocurrency didn’t reach its all-time high until May 2018. During the last seven months, BCN lost over -99% of its value,sinking from the price of 0.14$ to its present value of 0.0005$. Additionally, BCN is still showing negative returns on monthly, weekly and YTD basis, making it hard for the crypto to recover.
Bytecoin (BCN) Price Prediction for 2018Bytecoin got a chance to take a slight recovery and diminish at least a portion of the negative effects of the frequent bear trends, now trading by over 5% against the dollar. However, BCN lost over -53% in the last seven days alone where the latest gains can’t do much to significantly improve the state of Bytecoin in the market.
Bytecoin (BCN) Price Today – BCN / USD
What has been driving the adoption of BCN by far is the fact that BCN is privacy-focused with no fees for blockchain-based transactions, however, the crypto is severely affected by the dips that followed after may for the most of the cryptocurrencies in the market. In the best case scenario, based on the current trends in the market and the performance of BCN, Bytecoin may see 0.02$ by the end of 2018, while the less enthusiastic predictions imply that BCN might not be able to go further from lows of 0.0005$ and 0.0009$. Some analysts even predict complete devaluation for BCN in the following months.
Bytecoin (BCN) Price Prediction for 2019Bytecoin could face new price cuts in the first quarter of 2019, while the second quarter could come as more benevolent to the cryptocurrency market. In that case, BCN could see lows of 0.0004$ and 0.0002$at the beginning of 2019, while some analysts indicate that BCN could head to recovery in the second quarter with reaching 0.001 in the best case scenario.
Bytecoin (BCN) Price Prediction for 2020The period of the next two years could crystalize the cryptocurrency market trends into creating a more stable environment where Bytecoin and its crypto peers could head towards recovery. However, even if Bytecoin manages to adapt to the market after severe price cuts from May 2018 to December 2018 (based on the present trends at the end of 2018), it is less likely that the crypto would get closer to the record value of 0.14$. The best case scenario implies that BCN could reach new highs in 2020, going after the price of 1$ even, however, the more realistic case could be the price of 0.005$ as its highest and 0.002$ as its lowest.
Bytecoin (BCN) Price Prediction for 2025Given the fact that the cryptocurrency market is not exactly an entirely formed market like it is the case with stocks and shares, so while the cryptos are waiting for regulations and the overall value of the cryptocurrencies is dropping severely in 2018, it is difficult to predict what will happen to the market in the next 6 years. However, many imply that the true value of cryptos and different blockchain projects will match the price of digital assets in the market.In that case, BCN could probably go above its record price in the course of the next 6 years, of course, in case the crypto survives a market that has yet to evolve.
Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.