BTCST is among the crypto coins gaining a lot of investor attention. This token’s unique affiliation to Bitcoin makes it a catch, but it is uncertain whether this affiliation is enough to keep the coin profitable. Our BTCST price prediction article analyzes how profitable the coin will be from 2022 to 2030 and allows you to analyze whether you will cash in on a BTCST investment.
What is BTCST?
BTCST, short for Bitcoin Standard Hashrate Token, is the creation of The Standard Hashrate Group and is hosted on Binance Smart Chain. This coin came to life in 2020 as the solution to the longstanding problem of limited liquidity for Bitcoin mining.
When Bitcoin was new to the market, few understood the digital currency, and even fewer were interested in mining it. This means mining was more accessible; it required less complex mining equipment and generated more rewards for miners.
However, as the world learned more about Bitcoin, interest grew, and more people wanted to become miners. This demand catapulted the difficulty of mining Bitcoin and the price of mining rigs while lowering the profits that came with mining. The result was that fewer people could make the entry to Bitcoin mining because of its cost, and those who were already in it experienced a drop in rewards.
Eventually, this situation decreased the amount of liquidity that came from Bitcoin mining, and this is where BTCST came to the rescue. BTCST is the token formed when Bitcoin miners contribute and standardize Bitcoin mining power. Bitcoin miners can create a BTCST coin using Total Hashrate as collateral.
Tokenizing Bitcoin mining power allows miners to have a coin they can stake for mining rewards. Staking BTCST also increases the liquidity for Bitcoin mining and makes it easier for miners to enter or exit Bitcoin mining at a lower cost.
What Is BTCST’s Price Projection in 2022?
Considering the extreme volatility that Bitcoin has experienced for the first half of the year, one would expect that BTCST, which is collateralized through Bitcoin mining, would also show significant price fluctuations. On the contrary, BTCST prices in 2022 have been promising.
Except for May, when this collateralized token hit an unexpectedly low value, BTCST has maintained a stable market price. Between January to May 2022, BTCST experienced high values of $22.88, $18.39, $20.80, $19.41 and $14.44, as well as lows of $14.83, $13.45, $14.03, $6.06.
Such a price pattern indicates that this coin has excellent potential for growth during the remaining half of the year and in the future.
Will BTCST Make You Profits at the End of 2022?
Although BTCST’s price may not come close to the all-time-high (ATH) value of $92.75 it posted in 2021, its price trajectory indicates great promise. According to CoinGecko the token so far has $31,800,408 in total locked value and a $906,100 24-hour trading volume. These are impressive figures, and should they continue to be this impressive or rise above, this collateralized token can close the year at a profit. On estimate, BTCST will have a value as high as $19.02 by December 2022.
Will BTCST Make You Losses at the End of 2022?
BTCST has a unique position in the market as the only coin that offers liquidity for Bitcoin mining. For this reason, it is improbable that its price can tank at the end of 2022. However, crypto markets are unpredictable, so, in the case of a bear, BTCST can hardly go below $11.33 by December 2022.
BTCST Price Prediction from other analysts for 2022
Price Prediction.Net BTCST Price Forecast
BTCST price predictions on Priceprediction.net indicate that the coin’s price will close the year on a high note. The technical analysis from this site shows that BTCST can hit a maximum value of $9.35 or a minimum value of $7.94 by December 2022. Here’s a breakdown of the BTCST price forecast given on Priceprediction.net.
- June: Minimum $6.68 – Maximum $7.26
- July: Minimum $6.82 – Maximum $7.61
- August: Minimum $7.02 – Maximum $7.97
- September: Minimum $7.25 – Maximum $8.26
- October: Minimum $7.48 – Maximum $8.64
- November: Minimum $7.78 – Maximum $9.03
- December: Minimum $7.94 – Maximum $9.35
DigitalCoinPrice BTCST Price Forecast
According to the cryptanalysis data on DigitalCoinPrice, BTCST’s value will experience a steady bull throughout the remaining months of 2022. DigitalCoinPrice predicts that the coin will be worth as much as $7.19 or as little as $.695 in December 2022. Here is an analysis of BTCST’s performance for the remainder of 2022.
- June: Minimum $7.13 – Maximum $7.71
- July: Minimum $6.91 – Maximum $7.03
- August: Minimum $7.64 – Maximum $7.48
- September: Minimum $7.11- Maximum $7.40
- October: Minimum $6.97 – Maximum $7.27
- November: Minimum $6.85 – Maximum $7.19
- December: Minimum $6.95 – Maximum $7.19
TechNewsLeader BTCST Price Forecast
TechNewsLeader predicts that by the end of 2022, BTCST’s value will spike. According to the analyst’s predictions, BTCST’s value at the year’s close can shoot up to $12.31 or maintain a minimum of $10.49, which is still profitable for many investors. Here’s a summary of the prices TechNewsLeader expects BTCST will have from June to December 2022.
- June: Minimum $8.56 – Maximum $9.40
- July: Minimum $8.91 – Maximum $9.85
- August: Minimum $9.28 – Maximum $10.31
- September: Minimum $9.47 – Maximum $10.79
- October: Minimum $9.87 – Maximum $11.28
- November: Minimum $10.09 – Maximum $11.79
- December: Minimum $10.49 – Maximum $12.31
BTCST Price Prediction 2023-2025
BTCST has great potential to make massive profits between 2023 and 2025. The first advantage it has over other coins is that it is the only coin that provides liquidity for Bitcoin mining. This means all Bitcoin miners who want to make some extra cash will rely on BTCST. This gives the currency an open, ever-growing market to expand, which will push its value upward.
By the end of 2023, the value of BTCST will be at least $11.50, or at most $13.62. In 2024, these prices will shoot to $14.42 and $ 18.61, respectively. At the end of the decade’s first half, BTCST’s value will hit a high of $26.84 or a low of $22.22.
BTCST Price Prediction 2025-2030
In 2026, the number of people trading in cryptocurrencies will rise significantly. This means more people will be evaluating ways to earn passive income from these digital currencies. The fact that BTCST has a staking option puts it in a unique position for passive reward generation. With this, more people will explore the coin, and its value will rise even further.
The end of 2026 will see BTCST hit a minimum price of $31.03 or a maximum price of $36.72. On average, this coin will be worth $33.66 during this period. By the end of 2027, BTCST will be worth $54.15 on the higher side or 44.71 on the lower side. However, the highest likelihood is that it will have an average price of $42.84.
In 2028 and 2029, the highest value BTCST can have is $77.71 and $110.18, while the minimum can get to $64.91 and $96.61, respectively. The decade will end with BTCST’s value estimated as high as $164.09 or as low as $143.00.
FAQs
Is BTCST Coin a Good Investment?
BTCST is a great crypto to invest in. It is the only coin that provides liquidity for Bitcoin mining, meaning it has no competition. It also offers miners and other Bitcoin traders a chance to earn mining rewards easily, so most people are likely to use it, giving its value great potential to rise.
Will BTCST Rise
BTCST’s value will rise in 2022 and even more in the following years. This will most likely result from more people looking for passive ways to earn from Bitcoin mining.
Can You Stake BTCST
Yes. You can stake BTCST to provide liquidity for BItcoin mining. Using wallets like Metamas and Trust wallet, you can visit the BTCST website and start stalking your tokens for rewards.
Is BTCST Deflationary?
Initially, BTCST was deflationary, but the project’s team recently introduced restorative rebase to the coin. This means that the coin’s holders will no longer be affected by a deflationary rebase.
Read more: 1inch Price Prediction: What Does the Future Hold for 1inch
