Cryptocurrency to rise again..? What do economists predict..?

Sowmiya Sriram
Cryptocurrency to rise again..? What do economists predict..?
Until the beginning of this year, the value of crypto-currency was at its peak and suddenly its value started to fall. Due to the fall in value, many people lost faith in trading in cryptocurrency. Economists also advised that investing in cryptocurrency is risky and should not be invested in it. And they said that the decline of cryptocurrency will be even greater. But the resurgence in cryptocurrency value over the past few days has given some hope to those who have invested in it. If we look at the value of cryptocurrencies today, Polygon, Shibu Inu, and Bitcoin have risen up to 11% in the last 24 hours.
Bitcoin, the largest cryptocurrency by market capitalization, rose 7.83 percent to $21,961.59 in the last 24 hours and 8.15 percent in the last seven days. Likewise, Ethereum rose 6.71 percent to $1,249.91. Its weekly increase is 14.36 percent. Cryptocurrency XRP advanced 7.17 percent to $0.3528. In the next few days will the market of cryptocurrency recover from the current decline but at the same time reach the peak of the last few months? Economists are saying that it is doubtful. Some economists had predicted that the cryptocurrency had no chance of recovery, but now it has turned out to be false.
Dileep Seinberg, founder and CEO of MuffinPay, commented on cryptocurrency that he strongly believes that cryptocurrency will rise again. He said the cryptocurrency will rise in value after august 2022 and reach an all-time high by the end of december or january next year. Bitcoin in particular could rise to $70,000. He added that the price of the cryptocurrency has been fluctuating due to political uncertainty and some other reasons.
After the fall last May, the value of the cryptocurrency is now rising again, which is seen as positive. It is also said that if it starts rising continuously, it will approach the existing peak.
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