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So in many countries it is still forbidden to deal with any cryptocurrency, including bitcoin, but gradually more and more countries are beginning to understand that cryptocurrencies are the future and they are starting to use cryptocurrencies and cryptocurrency technologies, and so in general, if all countries would banned the use of cryptocurrencies on their territory, this would certainly be a big problem for us, but we would be able to exchange cryptocurrencies for fiat money, for example, through various exchanges or through p2p.
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In general, this year there should be a lot of very interesting cryptocurrency projects that I follow and in which I will invest, for example, this month Beyond Protocol should be listed on the top Tier 1 cryptocurrency exchange, in general, there are a lot of good rumors around this project and already long time very good marketing is going on around this project, so I would advise you to take a closer look at this project as I think that this project will bring great profit and I really really liked the capabilities and technologies of this project.
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So far, it is very difficult to say what will happen to Solana next, since Solana appeared not long time ago and it is still difficult to talk about something serious about this cryptocurrency, of course the hype and the rapid growth of this cryptocurrency says that this cryptocurrency is very popular among big players and most likely that everything will be fine with this cryptocurrency in the future if big players will constantly invest in Solana, but if I will choose between Solana, Ethereum and Bitcoin, I will choose Ethereum and Bitcoin.
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I believe that yes, since recently a lot of cryptocurrencies are switching to Matic Network because this network is very fast and the transaction price on this network is very low, I also think that in the future, the price of Polygon will only grow, since recently a lot of big players have begun to invest in Polygon and I think this is all done in order to start Polygon pump in the near future, also the price of Polygon is now only 1.31$, I think it will be possible to see Polygon price of 2$ -3$ already next year.
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Litecoin has grown very much in price recently and thus brought its investors a huge profit, and in general Litecoin is a very popular cryptocurrency in which huge money is invested on an ongoing basis and I also invest in Litecoin as I know that this cryptocurrency in the future will grow to new heights due to its popularity, excellent technologies and capabilities, so I look forward to the Litecoin price reaching 200$ in the near future and of course I will invest more in Litecoin if Litecoin price will drop.
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XRP is a very popular cryptocurrency and therefore many big players invest in XRP, I also invest in XRP from time to time, since investing in XRP always brings me a good profit, but about 5$ it is not yet known when XRP will be able to reach such mark because at this moment the price of XRP is 1.05$ and I think it will take years to reach the 5$ mark, perhaps when there will be the next big growth of the cryptocurrency market then XRP will be able to achieve this goal, but I still think that it will take many years to reach this goal.
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Many investors want to get as much profit as possible from cryptocurrency investments, and even if the price of the cryptocurrency in which they invested has grown in tens or even hundreds of times, they do not fix the profit and they just wait when this cryptocurrency will grow even more, but the fact is that this cryptocurrency can again fall in price and then the profit will be much less or in general the price of this cryptocurrency can fall to the bottom too, then it will be possible to say goodbye to your investments, well, generally speaking, each cryptocurrency investor has his own investment goals and each investor decides for himself when to fix profit.
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I am sure that in the future the prices of top cryptocurrencies will certainly be even higher than now, but now not everyone will be able to invest in many top cryptocurrencies such as bitcoin, since not a lot of people now have 45k$, and in general, you can still invest in top cryptocurrencies now for a long term, since in a couple of years the prices of top cryptocurrencies like bitcoin and ethereum will be much higher than at the moment, but about the bear market it is difficult to say when it will be and how long it will take and how this bear market will affect the cryptocurrency market, so for now we can only guess.
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I agree, I also see a lot of predictions about the price of bitcoin every day and most of the forecasts says that the price of bitcoin should reach 100k$ till the end of this year, but I don’t trust any forecaster, and also there are several months left until the end of this years and I don't think that bitcoin will reach 100k$ this year, and of also if you just believe that some cryptocurrencies should grow in price just like that, then its wrong, because of this you can lose all your investments if you will invest in cryptocurrencies just like that without thinking and without analysis.
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Of course, I agree with you, but do not forget that the hype around the NFT sphere can end at any time, as it was, for example, with ICO, IEO, and therefore we should not count on the fact that the NFT sphere will be as popular as it is now, for example, in a few years, therefore if I am investing in NFT, then I investing in NFT for a short term only, because I do not believe that the NFT sphere will be as popular as now, for example, next year, well, this is my personal opinion, perhaps the NFT sphere will be popular also after 10 years, so everyone decides by himself to invest in NFT or not.
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Now DeFi sphere and NFT spheres are very popular and of course while these spheres are popular people are trying to earn as much as possible on it, but we know that soon the hype around the NFT sphere will fall and then those people who invested in NFT will simply lose money, and some people will lose very huge money, but millionaires and billionaires like to buy all sorts of NFTs for huge amounts, so I don't think they will be upset, and in general the NFT sphere helped the cryptocurrency market to grow very much, so maybe the NFT sphere will still show itself.
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The NFT sphere is really very popular now and a lot of cryptocurrency projects appear every day that will develop in the NFT sphere, but do not forget that the hype around the NFT sphere can end at any time, as it was with other spheres, therefore, investing in NFT for a long term is of course a very big risk and therefore I am not going to invest in NFT for a long term because it may happen that in 2022 the hype around NFT will fall and this whole NFT sphere will simply fall to the bottom.
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I don't even worry, since I have already seen a lot of bitcoin dumps, since I have been in the cryptocurrency field already very long time, so I know that after dump there will be another bitcoin pump and pump of the entire cryptocurrency market, and also now bitcoin is trading at a price of 46k$, so for now we shouldn't even worry about the fact that the price of bitcoin or other cryptocurrencies has fallen, but when bitcoin will drop to 30k$, then it will be possible to start worrying, but all the same, in the end with bitcoin and the cryptocurrency market everything will be ok.
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