By now it is lunchtime in the European financial markets. We look at the live Bitcoin price and prices of the top 25 crypto in a remarkably flat market. Then we look at what analysts think about Bitcoin and what investment opportunities they see in the near term.
We begin, of course, with the live Bitcoin price and prices of the top 25 crypto.
Live Bitcoin price flat, also prices top 25 crypto flat
At the time of writing, the live Bitcoin price is quoting EUR 37,154.91 ($42,135). This is o.32% higher than yesterday at lunchtime, but slightly lower than during our crypto update we shared later yesterday afternoon.
Among the top 25 crypto, we also see remarkably flat prices. There are some outliers though. Near (NEAR) lost 4.69% compared to yesterday’s profit. Cosmos (ATOM), with a daily gain of +7.92%, is in the positive zone. Of course, you can view all live crypto prices 24 hours a day on the Tradeincrypto.com site.
Investors: Bitcoin rises in the long run, these are crypto opportunities for now
As we’ve seen more often in recent weeks, the idea about Bitcoin’s short-term price is dividing the market. Yesterday we saw how technical analyses imply a rapid price rise. Today we see two well-known investors who only expect records for Bitcoin to return in the medium term. So although they are ultimately bullish they first expect a further price decline towards $30,000. They are looking for their short-term returns elsewhere.
Former Fundstrat analyst Armando Aguillar foresees more short-term returns in two newcomers to the top 25, Near Protocol (NEAR) and Fantom (FTM). Now, these are not readily available for sale with fiat money on most exchanges, but our colleagues at Tradeincrypto.com outline how you can still trade in such a case.
His colleague Joel Kruger of LMAX shares the same view regarding Bitcoin. He also foresees returns elsewhere in crypto in the near future. However, unlike his colleague, he does not name coins, but trends. In his view, DeFi and NFTs are going to cause price explosions in the short term. We have seen that NFTs are becoming more popular for some time now and certainly now that it is possible to enjoy NFTs offline, the interest will increase.
This is also how you earn in crypto: checkout
Of course, you can determine all kinds of strategies yourself, but there is also another way that can lead to returns: cheating on the “big boys. One of those big players is Andreessen Horowitz. As a venture capitalist, they invest in young companies with potential. They do this by raising money from investors. For their latest pool, which focuses on crypto, they are looking for as much as $3.5 billion.
Through their blog, they regularly report on investments, such as currently Topography Health. By following the investment strategy of this major player and others, you can hitch a ride on the opportunities they see without much research (they’ve already done that for you). Of course, again, it is never wise to blindly imitate, but always do your own research.
Want to stay up to date on the latest stock price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly price forecast might be a reading tip.
Note: We never give financial advice, so our contributions should not be interpreted as such. Always do your own research and decide rationally if, when, what and how much you want to invest in.