While it is impossible to give a definite projection in the crypto space, historical performance and analysis of market developments could help shed light on where these coins will be trading in the next five years.
Bitcoin is the oldest cryptocurrency and the pioneer of blockchain technology. While Bitcoin is not backed by any asset, its adoption, dominance, and value have grown tremendously over the years.
Over the next five years, Bitcoin is expected to witness immense growth influenced by growing adoption. One of the areas where Bitcoin has seen immense value is being used as a means of payment. The use of Bitcoin payments is expected to grow in the next five years, as crypto is becoming mainstream.
Moreover, we could also see other countries doing what El Salvador has done and adopting Bitcoin as legal tender. In this case, we could witness a major price rally, and the primary cryptocurrency could surpass $200,000 by 2026, as predicted by analysts.
Ethereum is one of the most utilized coins in the cryptocurrency space because of its use cases in decentralized finance (DeFi). Ethereum is the largest altcoin in market capitalization, and some analysts believe it could surpass Bitcoin in this metric over the coming years.
Ethereum is expected to push towards new highs in the next five years because DeFi is fast gaining adoption. With many people looking for a more convenient way of lending and borrowing financial assets, Ethereum’s blockchain is expected to expand and cause a surge in ETH’s prices.
Moreover, Ethereum is also expected to unveil a layer two solution to deal with its scalability issues. Such action could further accelerate Ethereum’s network adoption, and the altcoin could reach the $10,000 levels in the next five years.
Ripple’s blockchain is renowned for its use case in facilitating faster and ensuring payment services based on blockchain. Ripple could see immense growth over the next five years as individuals and companies look towards blockchain to enhance the efficiency of payment systems.
Moreover, Ripple’s blockchain has become a top choice by countries that want to develop central bank digital currencies (CBDCs). It has also partnered with major payment companies such as GME Remittance to facilitate cross-border payments.
Another factor to assess in Ripple’s price prediction is that its case with the US Securities and Exchange Commission could end in Ripple’s favor, igniting another bullish rally. As such, Ripple could go beyond $5 in the next five years.