Recent developments in the cryptocurrency world have also hit BitDAO, one of the leading altcoins. BitDAO has gained 11.0 percent in the last 24 hours, according to data from CoinGecko.
Although BitDAO is currently trading at $ 0.36, it made its ATH at $ 2.88 in 2021.
BitDAO (BIT) Long Term Price Predictions
BitDAO is an autonomous structure that can operate without the intervention of any institution or organization by focusing on decentralized finance projects and a tokenized economy.
BIT price prediction is based on expert opinions, technical analysis and previous movements.
If we look at the instant view of BIT, we can see that it has gone through a long decline period and then continues in a horizontal course. BIT is currently reacting from the $0.27 support. The first rise on the BIT side can also take us to the $ 0.41 band. In case of a possible decline, the 0.27 region can play a support role.
Given the current outlook, it doesn’t make much sense for analysts and experts to make high valuations for ICT at the end of the year. The inflationary situation in the world and the interest rate hikes in the countries have a negative impact on the price of BIT.
The estimated price for BIT in 2023 is a minimum of 0.5 dollars and a maximum of 0.6 dollars. When we look at 2024, we see a price forecast ranging from $0.74 to $0.87. When we look at when BIT reaches its ATH, the estimates point to the year 2028. In 2028, the estimated minimum value of BIT is $3.25 and the maximum value is $3.96. If we take a look at 2031, the last year of the analysis, we see that the highest estimated value of BIT is in the band of 11.8 dollars.
Of course, it is also useful to note that these analyzes and estimates are made only by considering the current outlook. Of course, it is difficult to predict what will happen about crypto money and Blockchain in the future. These analyzes are based on opinions and past movements of cryptocurrencies to shed light on the current outlook.