While looking for a profitable trade, crypto enthusiasts normally choose among well-established crypto pairs. It’s well known that the prices of cryptocurrencies are closely connected to BTC’s value. Yet, traders may want to convert bitcoin to XMR or vice versa if they find either coin to be a better investment as per the current situation on the market.
BTC Overview
It’s hard to find a person who has never heard about Bitcoin. This first crypto to enter the market leads the industry in the matter of market capitalization (400 billion as of June 2022). This coin lost about 70% over the past seven months, since the surge to almost $69,000 in November 2021. The current price of BTC is around $20,000.
Experts associate this fall with inflationary fears and political events and claim it to follow the understandable pattern of economic cycles.
What Is the Future of Bitcoin?
Let’s see what statistical predictions for Bitcoin price in the future are:
- Priceprediction.net. This source sticks to the position that BTC now is at its bottom and its price should bounce back shortly. Their prediction is roughly $38,000 as of the end of 2022 and going beyond $80,000 in 2024.
- Gov.capital. The website expects about $35,000 as of the end of 2022. The predicted growth over the following two years is up to $80,000 as well.
- Cryptopolitan.com. This source is more conservative, and it predicts $40,000 as of the end of 2022, with a less substantial growth to $44,000 in 2024.
In any case, sources expect BTC to enter the bullish market soon. This may bring new investment opportunities to the ones hesitating about whether to invest in the crypto or not.
A Few Words About Monero
XMR is decentralized crypto launched back in 2014. It allows users to conduct anonymous transactions through the use of advanced cryptography. Its market capitalization is $2.4 billion as of June 2022. The crypto is in a bearish market since the most recent growth to $280 in April 2022. It lost about 55% of its value, and the current price per XMR is $125.
What to Expect From XMR in the Near Future?
Let’s see what statistical predictions for XMR price in the future are:
- Priceprediction.net. This source predicts XMR’s extremely rapid growth to as much as $200 by the end of 2022 already. This should be followed by a surge to $400 in 2024
- Gov.capital. The website shares the same opinion and expects XMR to hit $200 in 2022. But it’s way more optimistic about the future of this crypto as it predicts the growth to as much as $700 by the end of 2024.
- Cryptopolitan.com. This source is solidary with the other two and sticks to $200 for XMR as of 2022. The expected growth to $400 in 2024 is confirmed as well.
Sources expect XMR to enter the bullish market soon and outperform Bitcoin in terms of growth tempo.
BTC to XMR – Is It a Good Deal?
Before proceeding any further with possible suggestions and recommendations, here’s a kind reminder: trading crypto is a risky activity, so you should give investing a good deal of thought. Always use reliable crypto exchange platforms: Godex.io, Binance, Kraken, and others. Also, pay attention to the most recent situation on the market as it tends to change quickly.
So, deriving from the statistical predictions detailed above, both cryptos are expected to enter a bullish market that should bring them a rapid price increase. Still, XMR is likely to show better growth. It may mean that the outsider is actually a way better short-term investment for now and it’s definitely worth exchanging BTC for XMR.
Still, it’s highly advised that you do not stick to holding one crypto in your portfolio. The strategy for diversifying your investments may significantly reduce risks without compromising much profitability
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