Will Cryptocurrencies Remain Profitable in The Future?

In the past 10 years, cryptocurrencies managed to completely revolutionize the way we look at the financial industry. Not only are they profitable and can change your life overnight, but they also provide users with tons of benefits when used as payment methods.

These benefits include greater security, instant transactions, and no fees. As you may know, banks are excluded from the process and do not act as middlemen, which is why they are far more efficient and more effective.

There are hundreds of cryptocurrencies in 2021 and instead of naming all of them, we wanted to focus on the top three and share a few words concerning their future. We'll discuss whether they will remain profitable in the upcoming years, but before we do that, let's see how people make money off them.

How Do People Make Money With Them

The marketplaces where traders sell and buy cryptocurrencies are called trading sites. These platforms will connect you with seller/buyers from all over the world. They have tons of fantastic benefits including low fees, easy access, 24/7 availability, and the fact that they use advanced AI systems that will help you make a profit.

Here's how they work. Once you register and verify your identity, these softwares will collect relevant data about the cryptocurrency from the market and use the data to make accurate predictions on its near-future price. Now, these predictions do not guarantee you profit, but they surely increase the chances of making one.

Trading sites utilize the latest HTML5 technology, which means that they are optimized for use on all mobile and desktop devices. One of the platforms that features all of these advantages is immediateedge.biz. This trading platform has thousands of registered users from all around the world and has a high profitability rate.

Now, let's see what the future holds for the top three cryptocurrencies on the market.

Ethereum

The main feature that makes Ethereum such a popular cryptocurrency is the fact that its network supports NFTs. These tokens have become extremely popular in the recent period and their main feature is that each NFT is unique and unlike any other.

Currently, Ethereum is valued at around $2,500, and experts believe that the future of this cryptocurrency is looking bright as its price tag will likely increase in the upcoming years. Studies show that Etehreum will rise to $5,000 in 2025, peak at around $9,000 in 2026, then experience a small drop in 2027, but rise again in 2028 and reach a record-breaking value of over $10,000.

Tether

Tether is mostly known for its stability. Ever since this cryptocurrency has been created, its value has always been around $1. Tether is the only cryptocurrency on the market that is not subject to a high volatility rate and that is what makes it so attractive.

When it comes to its future, experts believe that Tether might experience a small rise in value, but it will always remain a stablecoin and its value will always fluctuate between $1 and $1.2.

Bitcoin

Finally, we have the most profitable cryptocurrency on the market. Everyone was shocked when Bitcoin managed to become more valuable than gold back in April 2021 as its price went over $63,000. Since then, this cryptocurrency has dropped in value, but experts believe that the best is yet to come.

The earliest predictions concerning Bitcoin is that this cryptocurrency has the potential to rise to $100,000 by the end of 2021 or in 2022. Not only that, but as Bitcoin becomes more finite, its value will keep rising. First, it will reach $500,000 in 2030 and finally reach the $1 million mark in 2037. It is worth noting that 99% of all Bitcoins will be mined by 2032.