If the value of a crypto goes to zero, investors who hold the crypto will lose their entire investment. Additionally, the crypto network can become obsolete, and crypto will no longer serve as a mode of payment or investment.
The maximum supply of a cryptocurrency refers to the maximum number of coins or tokens that will be ever created. This means that once the maximum supply is reached, there won't be any new coins mined, minted or produced in any other way.
Last week, falling crypto prices and challenging economic trends combined to create a panic in the markets. The price of Luna fell to nearly zero.
Most cryptocurrencies are likely to fail with their value falling to zero, Goldman Sachs said in a note. The investment bank compared the current market to the “internet bubble of the late 1990s.”
John Paulson, president and portfolio manager of U.S. investment firm Paulson & Co said to Bloomberg in an interview “Cryptocurrencies, regardless of where they're trading today, will eventually prove to be worthless. Once the exuberance wears off, or liquidity dries up, they will go to zero.
Yes, a crypto can go to zero. It's important to understand that cryptos are not backed by any physical assets. The value of a crypto is solely determined by demand and supply in the market. If the demand for a particular crypto drop, its value will go down.
Although the future price of Bitcoin is impossible to predict with any accuracy, the combination of these factors makes it much more likely that Bitcoin will continue to rise in value over time, rather than hit zero. When considering this possible future, it makes investing at today's prices that much more alluring.
Can Ethereum Crash to Zero? Many experts have shared their views on just how low Ethereum can realistically get, but few have gone so far as to predict a crash to zero. It's important to note here that Ethereum losing the entirety of its value is highly unlikely, and the same goes for other popular coins like Bitcoin.
Bitcoin Could Drop to $10K-$12K by Q1 2023, VanEck Says
Bitcoin (BTC), however, could remain under pressure because several miners are likely to go bust, overshadowing improving macroeconomic conditions, according to investment giant VanEck.
It is forecast that bitcoin's price will reach a maximum of $214,232.74 USD by 2026. This is followed by a minimum of $181,308.21 USD, with an average price of $186,289.04 USD by 2026. Meanwhile, some experts see more potential in Bitcoin and predict a price of $274,279.582 USD by then.
A massive sell-off in cryptocurrencies wiped over $200 billion of wealth from the market in just 24 hours, according to estimates from price-tracking website CoinMarketCap. The broad plunge in the crypto complex, driven by the collapse of the TerraUSD stablecoin, hit major tokens hard.
Cathie Wood, founder of Ark Investment Management and longtime champion for cryptocurrency, predicted in 2021 that Bitcoin's value would reach $1 million per coin by 2030.
But however Bitcoin evolves, no new bitcoins will be released after the 21-million coin limit is reached. Reaching this supply limit is likely to have the most significant impact on Bitcoin miners, but it's possible that Bitcoin investors could also experience adverse effects.
The largest holder of Bitcoin is believed to be Satoshi Nakamoto, the pseudonymous founder of Bitcoin. Nakamoto is estimated to own approximately 1,000,000 BTC, worth around $27.13 billion.
Ethereum, however, has an infinite supply. In January 2021, there were 113.5 million tokens in circulation. As of April 2022, there are roughly 120 million. There are some predictions that after shifting the Ethereum process from PoW to PoS, the supply of Ethereum may be reduced.
Recent allegations of fraud and crackdowns by regulators on crypto exchanges have dimmed the prospect that cryptocurrencies will bring about a revolution in finance. The industry is looking for a new purpose.
According to expert Bitcoin price prediction, the value of the popular digital currency could reach a minimum of $609,000 by 2050 and a maximum of $646,000. With continued adoption and development of blockchain technology in the near future, this could increase even further over time.
According to a projection by VanEck, the Ethereum (ETH) price could skyrocket to $51,000 by 2030 if there's another crypto bull market. The prediction is based on Ethereum (ETH) becoming accepted across various industry sectors, such as finance, healthcare, and insurance.
Binance Coin (BNB) – One Of The Most Demanded Crypto To Soar This Year. Avalanche (AVAX) – The Best Altcoin That Could Bring Big Returns In 2023. Algorand (ALGO) – Best DeFi Coin Set To Explode In Value. Axie Infinity (AXS) – The P2E Game Token With A Highly Promising Future.
As we've learned in the article above, there seems to be a consensus that cryptocurrencies are here to stay – that said, their total market capitalisation could diminish. And, of course, individual coins crash and burn at any time.
Crypto winter is finally over and bitcoin (BTC), the world's largest cryptocurrency, has the potential to reach $100,000 by the end of 2024, according to a research report by Standard Chartered Bank.
Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its interest rate-hiking cycle and improved profitability of crypto mining, Standard Chartered's head of digital assets research Geoff Kendrick said in a note.