DAX Price Forecast for 2023: The Bullish Trend to Continue in 2023 and Beyond

Dax30 – Forecast Summary

DAX Forecast: H1 2023
Price: 16,500-20,000
Price drivers: German economy, Economic reopening, market sentiment

DAX Forecast: 1 Year
Price: 18,000 – 20,000
Price drivers: ECB, US stimulus, Eurozone economy

DAX Forecast: 3 Years
Price: 22,000 – 23,000
Price drivers: Global economy, Politics, Market sentiment

Dax30 is the main German stock index, including 30 of the most prominent companies listed in Germany traded on the Frankfurt Stock Exchange. These companies have a major influence on the German and the world economy. As with most major indexes, Dax has been bullish for a long time and after the deep dive in February/March last year due to the coronavirus breakout, the bullish trend resumed again, pushing to new record highs, above the previous highs from February last year.

The Covid-19 outbreak turned the sentiment massively bearish early last year, sending everything crashing down in financial markets, including stock markets. But that didn’t last long and Dax reversed higher by the middle of March, despite the lockdowns and the restrictions which still continue, although they haven’t affected the stock markets. This points to further gains for Dax during 2021 and further ahead, particularly as the world starts to reopen now. The strong bullish momentum so far in 2021 and the break above the previous high during this time also show that the improving global economy is going to keep Dax bullish in the mid-term.

Price is currently trading at all-time high levels of $15,100 – $18,000. However, the price has not been able to break through that level in the short term. If the price can hold these fresh highs, there’s potential to continue with the current bull trend. However, if the price breaks this uptrend, the potential for a bearish correction remains in place.

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Recent Changes in the Dax30 Price

Period	Change (Points)	Change %
6 Months	+2,220	+17.1%
1 Year	+4,437	+38.1%
3 Years	+3,800	+33.3%
5 Years	+5,100	+48.6%
10 Years	+7,800	+56.2%

Factors Affecting Dax30

So, the price action and the larger charts point up for Dax30 and the fundamentals are quite promising as well. As all stock markets, the Dax index is prone to the sentiment in the financial markets, running higher when the sentiment is positive and retreating when the sentiment is negative. Although the retreats have been almost non-existent since early November 2020.

The economic recovery will keep fuelling stock markets this year, while inflation will force central banks to really consider looking toward the end of the massive economic stimulus programmes. There’s the coronavirus risk and particularly the risk of further measures and lockdowns, which funny enough have become normal somehow, so markets have been getting used to them by now. The way coronavirus goes as we move forward will also decide how long the economic stimulus from the ECB and the German government will continue.

DAX Live Chart

[[DAX-graph]]

Dax30 Price Prediction for the Next 5 Years

To facilitate the comprehension of the evolution of the German stock market and the broader economy, the stocks of the 30 largest companies by market capitalization are aggregated in the Deutscher Aktienindex, or DAX, which is the main stock market index of Germany.

Dax30 and Stock Markets During Coronavirus

As we mentioned above, stock markets went through a massive crash in February and March last year, the biggest one since the global financial crisis in 2008. In fact, this crash was even bigger than the one in 2008 for the German stock index Dax30, exceeded only by the retreat in the early 2000s. But, the initial coronavirus crash was a flash one and lasted only about a month. By the middle of March last year, stock markets reversed higher and they have been climbing since then.

Despite the coronavirus lock-downs in spring last year and the restrictions which still continue, stock markets have continued to march higher, with Dax making record highs this year. All major stock indices have made record highs in the last several months, apart from the UK FTSE100, which shows clearly that these markets are used to the coronavirus times. The continent is starting to reopen after another dark winter/spring, which should be positive for European stocks. Although, we have heard comments from the current German Chancellor Angela Merkel, that the government might push for another national lockdown. However, most of the businesses will still remain open, particularly manufacturing. So, there won’t be much effect from coronavirus, since this market is used to it by now. In fact, coronavirus has proved to be positive for stock markets, since central banks and governments turn increasingly bearish when cases and restrictions increase, increasing the spending which keeps fuelling stock markets.

Government and Central Bank Cash Keeps Rolling, Stocks Keep Crawling

Speaking of the coronavirus and the excessive amount of cash being thrown into the markets (away) from central banks and governments to fight the economic effects, it now accounts for many trillions. There have been many trillion dollar programmes, which are still continuing and the amount will probably extend further. The ECB announced the PEPP programme to help fight the horrible consequences of the first lockdown in March last year, worth €750 billion, which has been hiked twice, once in June last year by €600 billion and again in December last year by €500 billion, which brings it to a total of €1.85 trillion.

The EU on the other hand, has also taken extraordinary measures to fight the negative effects of the coronavirus and the restrictions in the Eurozone economy. They introduced the EU’s coronavirus recovery fund last summer, which also was in trillions of Euros. The fund consisted of €390 billion in grants and €360 billion in loans, while a new €1.074 trillion seven-year budget was attached to it, which brought the total financial package to €1.82 trillion. The European Parliament also passed another €672.5 billion COVID recovery fund in February this year. Besides that, the $2 trillion programme from the US government which will reach $3 trillion for certain, will start to spill off into Europe in 2022, which will also be keeping stock markets up. We heard comments from some ECB members, that they might not implement the programme in full if the recovery comes soon, but it is not looking like it. So, the money will keep rolling and stock markets will keep crawling higher.

German and Global Economies Stemming, Pulling Stocks Up

In Q1 of last year we saw a recession in China, which was the most unexpected thing in the financial world, since China has been growing steadily for decades and it is only getting stronger, with all the industries having been transferred there and the new prominent ones arising together with new faces, such as Alibaba’s Jack Ma. Although, it didn’t last long and the Chinese economy started rebounding in Q2. In Europe and elsewhere in the world, the rough times came in the next quarter, with the economy tumbling 11.6% lower, as the lockdowns sent manufacturing and services in recession. But, we saw a rebound in manufacturing eventually, which has been booming in recent months, while Eurozone services are also recovering after being in a second recession in Q4 of 2020 and Q1 of this year. Inflation is also picking up, now standing at 1.3%, after declining from August until December last year.

The GDP contracted again in Q4 of last year and will probably contract again for Q1 when the report gets released, but we are well in Q2 already, heading into Q3, so the second recession is behind us now and the Eurozone is reopening, which will only make the situation better, especially for services. The industrial production in China is above pre-pandemic levels, while the US economy is also booming across all fronts. So, the situation for the companies listed in the Dax30 index will improve as well, which will keep the uptrend going.

Technical Analysis – Will the Recent-Highs Hold Up?

The DAX/USD has been incredibly bullish over the course of 2021, with the price starting the year around 14,000 and rallying to where it currently sits at 18,000.

As recently as last week, we have seen that price continues to bounce back and all dips are getting bought. We saw that support at 15,000 remained strong and this price level has been in place since May 2021.

This is also a level that we will need to watch in the event of a bearish correction as a drop below that level will be very bearish. That 15,000 price level is also perfectly aligned with the current uptrend.

At this point in time, we are waiting to see if the fresh highs of 18,000-18,300 are able to hold. There have been multiple attempts at this level and so far we have not been able to see a push higher.

With the US equities continuing to drag most of the world markets higher, the short-term outlook is bullish. But we will need to see both 18,000 and also 15,000 hold up for that to remain the case.

Platinum Price Forecast 2023: Upward Channel to Support Platinum beyond $1000

Both platinum and silver performed much better than gold in 2020, and so far, they are keeping up this trend throughout 2022 and 2023 due to high demand. As we predicted in our September forecast, platinum reached the 100 SMA on the daily chart, after continuing its bullish momentum. In the previous decade, platinum was lagging behind other safe-haven metals, maintaining a bearish trend, although during that period, platinum was acting as a commodity more than a safe haven. The crash in platinum in 2008, during the global financial crisis, was also much larger than it was for gold and silver, with platinum losing around two-thirds of its value.

So, the picture didn’t look too bright for this precious metal, and the situation got worse when the coronavirus broke out in China and then in the rest of the world in Q1 of 2020, which sent everything crashing down. But, since then platinum has been bullish, unlike gold which has been bearish since March. The XPT/USD has kept the bullish momentum going, despite cryptocurrencies stealing the safe-haven status from precious metals. However, platinum is facing some technical obstacles just above the current price, so we will see whether buyers will be strong enough to stretch the bullish trend further up, or if platinum will join gold on its downward trip.

Current [[Platinum-name]] Price: [[Platinum-price]]

Recent Changes in the Platinum Price

Period	Change ($)	Change %
6 Months	+129	+12.9%
1 Year	+165	+17.1%
3 Years	+171	+17.9%
5 Years	+213	+23.3%
Since 200	+1,185	+266%

Platinum has been more expensive than gold at times, although the 2008 crash was detrimental for this metal. But while gold was pretty bullish during the previous decade, platinum was bearish. One of the reasons for this was the shift from platinum to palladium in the automobile industry, particularly after the Volkswagen emission scandal, where platinum had previously been used in the exhaust systems, getting fired the previous CEO Martin Winterkorn. So, as a commodity, platinum is prone to supply and demand.

However, the pickup in the demand for palladium, which is somewhat correlated to platinum, helped soften the demand for the latter, during the 2010s. But, since March 2020 platinum has enjoyed higher demand, while palladium hasn’t recuperated its losses from March yet. These two metals can act as both safe havens and commodities – in other words, risk assets – so one needs to determine which is the case in order to trade them, and right now platinum is acting as a commodity, and commodities have been surging higher lately.

Platinum – Forecast Summary

Platinum Forecast: H2 2023
Price: $845– $1272
Price drivers: USD Correlation, Risk Sentiment, Covid-19

Platinum Forecast: 1 Year
Price: $1,350 – $1,400
Price drivers: Risk Sentiment, Technicals, USD Correlation

Platinum Forecast: 3 Years
Price: $2,000
Price drivers: Decline in Demand, Long-term Technicals, Electric Cars

Platinum Live Chart

[[platinum-graph]]

Platinum Price Prediction for the Next 5 Years

Platinum witnessed some incredible volatilityand some major moves in 2020, due to the coronavirus and the associated lockdowns, which made major global economies contract considerably in Q2 of 2020 and again in Q4, and so far, also in Q1 of 2021, as restrictions continue. So, the volatility is expected to continue across all markets, including platinum. But due to its wide range of applications in different industries, further upside momentum is expected in platinum, as the demand for the white metal keeps increasing, following the economic recovery in China and the US.

Market Sentiment for Platinum During COVID-19

It seems like platinum and safe havens have been diverging, since gold was quite bullish during the previous decade, while platinum prices declined. The sentiment has been mostly positive for safe havenssince the end of the 2008 crisis. The global economy started to leave the 2008-09 financial crisis behind, but the following economic and political crises, which continued in the 2010s, kept safe havens in demand. However, platinum was different; it started declining in September 2011 and continued that trend until March 2020. Then the decline turned into a crash, from January until March, as the USD surged and the sentiment for commodities crashed, following the closure of China in Q1 of last year and the economic recession during that period.

But the bullish reversal since mid-March has been impressive. The precious metal has outperformed both gold and silver, as well as other markets. This appears to be a result of the improving sentiment, especially for commodities, which have been surging, as the $ 90 bullish march in crude oil since April 2020 has shown. Markets are still quite uncertain about the global economy, and how the world will be reshaped politically and economically, but they are relying on the extraordinary amount of cash that has been thrown into the markets and the economies by central banks and governments across the globe. This has been keeping the commodity and stock markets bullish. Right now we are seeing a slowdown in the global economy, as the European economy, along with certain other economies, are falling into recession again, but that hasn’t affected platinum, which made new highs in January.

Platinum Supply and Demand

Supply – The supply chain also suffered during the initial coronavirus restrictions in Q1 and Q2 of 2020, as the lockdowns affected the labor force in the mining industry. But large sections of the market, in terms of both supply and demand, returned to pre-coronavirus operational levels in Q3 of 2020. The global economic conditions improved compared to the first half of 2020, which also improved the demand, as we will see below. Platinum made a strong recovery in the second half of 2020, as the global economy rebounded, with the supply increasing by 48%, while the demand jumped by 75%.

Platinum supply is lower than demand below

As mentioned above, as a commodity, platinum is prone to the forces of supply and demand. The particular trait for platinum is that most of it is produced in South Africa, which is a large producer of many raw materials, but 75% of the global platinum production is concentrated in SA, which makes the supply side vulnerable to social, political, weather and other events that occur there. In the last few years, platinum production has suffered in South Africa, with the main problems arising from labour disputes, political instability, the instability of the South African Rand etc. These events have led to disruptions in production during the last 2 to 3 years. In addition to the worsening risk sentiment, this has been another reason for the increase in platinum prices since 2018. Now, the outbreak of the coronavirus has forced big producers, such as Impala Platinum and Anglo American Platinum, to stay closed, due to lockdown measures. I don’t know how social distancing works in mining, above or below ground, but if that is an issue too, it will be another problem from the supply side. That could be another reason for the increase in the platinum prices since the middle of March last year.

Demand – The platinum demand took a hit in the last decade, especially due to the issues with Volkswagen in 2015, which as we know, rigged carbon emission data, lowering the read-outs for diesel cars which used platinum in the exhaust systems. After all the emissions drama, the automobile industry started shifting the demand from platinum to palladium, and to some extent rhodium. As we know, the price of palladium has been surging since 2016, from around $ 400 to just below $ 3,000 by February 2020, and the shift from platinum to palladium in the auto industry has been one of the main reasons for this increase, since it is a long-term factor. Of course, this is negative for platinum, hence the decade-long decline.

But there have been some positive developments regarding the demand for platinum since the mid-2020s. The global platinum group metals (PGM) supply, which includes platinum, palladium and rhodium, is expected to reach 22.44 million ounces in 2024, at a growth rate of 6.8%, while the demand is expected to exceed the supply again in 2021.

Demand in the previous 5 quarters according to the industry

There are several reasons for this, ranging from the accelerated global urbanization, rapid industrialization, high adoption of platinum-based pharmaceuticals and increasing fuel cell demand, all of which are expected to drive the market. In H1 of 2020, the outbreak of the coronavirus pandemic had a negative impact on the automobile market, as the first lockdowns crushed the global economy, and with it the manufacturing sector. But the second wave of restrictions is not having any impact on this sector. Instead, manufacturing and industrial production has been surging higher in the last few months, to some of the best levels on record, which is keeping production up. China is back, and running on all cylinders, which means that the Chinese demand for platinum in both the automobile and jewelry industries, will keep increasing. In 2021 expectations are for a 24% year-on-year jump in the global demand for automotive platinum, with light-duty auto production anticipated to increase by 15% and heavy-duty vehicle production by 5%. The strategist for UBS Global Wealth Management is of the opinion that silver and platinum will outperform gold in 2021, as the world economy recovers and industrial demand picks up. According to WPIC, the 2021 platinum forecast indicates that the supply will increase by 17%, and the demand by 2%. This means the third annual deficit, which is expected at -224 koz. The Chinese jewelry demand is expected to increase for the first time in seven years.

Technical Analysis – Upward Channel to Support Platinum at $935

Platinum has made three big reversals in the last two decades and another big reversal might be underway now, which would be bullish if it works out. On the monthly chart below, we see that the XPT/USD was on a steady uptrend from back in the 1990s. The pace of the trend picked up considerably during 2006-07, while in Q1 of 2008, platinum prices surged higher, reaching a record of $ 2,302 in March that year. Then came the 2008 financial crisis, which sent the XPT/USD diving lower, to around $ 750. But platinum recovered well in the following years, climbing to $ 1,920 by August 2011. That’s when the downtrend started, and platinum went into a bearish trend from then, although the situation might have changed since March last year, especially if the 100 SMA breaks. During the uptrend, which lasted until 2008, the 20 SMA (gray) provided support for the XPT/USD on the monthly time frame.

On the weekly timeframe, the Platinum has crossed below the 50-period exponential moving average (EMA). That’s providing resistance at the $1072 level. Recently, the metal has already violated the major support level of 1,141 and the closing of a candle below this level supports the chances of a bearish trend continuation.

As we can see on the weekly chart, platinum is closing with a series of candles such as bullish engulfing and doji above the 1,041 support level. This has a strong chance of triggering a bullish trend until the next resistance area of the 1,349 level. On the way to the 1,350 level, Platinum can gain minor resistance around 1,149.

Speaking of the RSI and MACD, both are supporting a bullish trend in platinum. Therefore, the idea is to stay bullish above the 934 level. On the other hand, a bearish crossover at the 934 level could trigger a selling trend until the 796 level. Consider remaining bullish above 935 in order to reach 1149 and 1340 levels.Good luck!

Natural Gas Price Forecast 2023: What should Investors Expect?

Natural Gas – Forecast Summary

Natural Gas Forecast: H1 2023
Price: $2.51 – $3.0
Price drivers: Summer Impact, Bearish Correction, Doji Patterns, Weekly Bearish Engulfing

Natural Gas Forecast: 1 Year
Price: $3.45
Price drivers: Weaker Dollar Amid COVID-19-Based Stimulus, Descending Triangle Breakout, 50 EMA Crossover

Natural Gas Forecast: 3 Years
Price: $4.45
Price drivers: Improved Economic Conditions, Weaker Dollar, Dovish Monetary Policies

Lately, natural gas has encountered excellent movements, gaining +$ 0.28 in its prices, and reporting a surge of 10.76% in a time span of just one month. [[Natural Gas]] is currently trading at $ 2.70, bouncing off the June 2020 low of 1.529. The commodity has gained +$ 0.21, or 7.98%, over the past six months. The average price of natural gas at the national benchmark Henry Hub in Louisiana was $2.05 per million British thermal units (MMBtu) in 2020, which was the lowest average price of natural gas in decades.

At the start of 2023, the prices remained relatively low, because of the lower demand for natural gas for space heating during mild winter weather. Both natural gas production and consumption reduced during 2020, as the economy faced the crisis induced by the coronavirus pandemic, which resulted in low prices throughout the year. The prices were further lowered in March, during the spring, when responses to the coronavirus pandemic resulted in lockdowns of economic activities that drove the demand for natural gas down. In June, the Henry Hub price averaged $1.66/MMBtu, which was the lowest monthly price in decades. However, due to the decreased production of natural gas and increased exports of liquefied natural gas (LNG), the prices started to grow in the second half of the year, with an exceptional annual performance that saw natural gas soar by +$ 1.156, adding a total of 68.64% last year.

Recent Changes in the Natural Gas Price

Period	Change ($)	Change (%)
30 Days	+0.28	10.76%
6 Months	+0.21	7.98%
1 Year	+1.156	68.64%

Natural Gas Price Prediction for the Next 5 Years

The global natural gas demand is expected to grow by 2.8% in 2021, which is slightly higher than the decline in 2020, but it enables a recovery towards the 2019 level. This forecast is far from the 7.5% annual change observed in 2010, after the financial crisis in 2009. This forecast by the EIA was released with two main warnings:

1 – Not all regions are affected equally by the recovery in the global gas market. The emerging markets will be considered the main drivers of demand growth in 2021 and upcoming years, while the mature markets will penetrate the effect of declined demand in 2020. The fast-growing markets, like Asia, Africa, South America, Central America and the Middle East, are anticipated to be the main drivers of demand growth in 2021. However, mature markets will probably see a more gradual recovery, while some might remain below their 2019 demand levels.

2 – The sectoral drivers of growth are all related to significant uncertainties. The increasing inter-fuel competition and slow growth in terms of the electricity demand are expected to affect the burning of gas in power generation, as gas prices recover from the low levels of 2020. Industrial gas consumption, especially for Asian export–driven industries, is strongly dependent on economic recovery, which is highly uncertain due to the coronavirus pandemic crisis. The cold temperatures have been supporting the rise in the residential demand for gas consumption; however, this is likely to drop in milder weather conditions.

Natural Gas Forecasts by the EIA in figures:

The estimated consumption of natural gas in the United States averaged 83.1 billion cubic feet per day (Bcf/d) in 2020, which was down by 2.5% from 2019. In 2021, the EIA, an organization administered by Linda Capuano, expects the US consumption of natural gas to decline by 2.8% or 2.3 Bcf/d, and in 2022, it is likely to decline by 2.1% or 1.7 Bcf/d.

The estimated US production of natural gas averaged 90.8 Bcf/d in 2020, which was down by 2.5% or 2.3 Bcf/d compared to 2019. The EIA expects natural gas production to decline again in 2021, to an annual average of 88.2 Bcf/d, and on a monthly basis, the average natural gas production will fall by 87.3 Bcf/d in March 2021.
The Henry Hub spot prices averaged $2.03/ MMBtu in December 2020. In the first quarter of 2021, the EIA expects a rise in the average spot price of natural gas, to $3.01/MMBtu. The rise in natural gas prices in 2021 has been attributed to relatively low natural gas production. In 2022, the EIA forecasts that the average spot price of natural gas will reach $3.27/MMBtu.

The IMF anticipates that the Henry Hub price will surge to $2.65 per MMBtu in 2024.
The World Bank extends a more optimistic forecast: $3.16 per MMBtu.
The World Bank anticipates that the natural gas price is likely to increase to $4 per MMBtu by 2030.

That said, the technical side of natural gas is also optimistic, as it suggests a potential bullish bias on natural gas. Since the leading and lagging technical indicators, such as RSI, MACD and the series of EMA support a bullish trend, the natural gas price may surge to an immediate resistance level of 3.487 by the end of 2021. A bullish breakout at 3.48 could lead the natural gas price towards the 4.40 mark in the years ahead.

Factors Affecting Natural Gas

US Natural Gas Production – During 2020, the production of dry natural gas in the United States averaged 90.9 Bcf/d, which was 2.2 Bcf/d less than in 2019. The decline in production in 2020 broke the three-year growth streak of natural gas production in the United States. During the spring season, the number of rigs drilling for natural gas in the United States started to decline. In July, the count reached a record low of 68 natural gas rigs; the rig-count remained relatively low throughout 2020.

Hurricanes – The hurricanes and the changes in demand for natural gas in Europe and Asia affected LNG exports in the United States during the summer of 2020. However, at the end of 2020, the total exports of LNG showed expansion. The EIA estimated that the United States had exported 9.4Bcf/d in November 2020; this volume is equivalent to 10% of the US dry natural gas production in the same month.

Seasonal Demand – In 2021, the natural gas prices rallied in Europe and Asia, amid the rising winter demand that tightened supplies. However, the spikes in prices are not projected to last long, as the market fundamentals for 2021 look fragile. It is anticipated that the global gas demand will recover to its 2019 levels, but the uncertainties persist regarding the recovery route of fast-growing markets, compared to more mature regions. On the other hand, the sectoral demand is dependent on several risk factors, including the slow industrial rebound, fuel switching and milder weather.

The Coronavirus Pandemic and its Impact on Natural Gas – he largest decline in global gas consumption was driven by the exceptionally mild weather in the early months and the dramatic effects of the coronavirus pandemic, with a 4% y-o-y decline in global gas demand in the first half of the year. However, during the 3rd quarter of the year, a progressive recovery was seen as lockdown measures were eased, and the seasonal electricity requirements pushed the demand and raised the competitive gas prices.

In 2020, the global demand for natural gas saw its largest drop on record, falling by an estimated 2.5% or 100 billion cubic meters. This slowdown resulted in fuel switching, which lifted the gas demand for power generation, while the whole supply chain adjusted the demand variations and showed strong flexibility. The prices of natural gas experienced extreme volatility and historic low levels in 2020. The gas investment went on hold due to the coronavirus pandemic and a well-supplied market. In major gas-consuming markets, the clean gas policy and the gas market reforms started to gain momentum.

In 2020, the rise in LNG prices was triggered by the colder temperatures in December and the tightened gas supply. By the start of January, LNG prices more than tripled in Asia, reaching above USD 30/MBtu. The recent spike in gas prices reflected a combination of supply and demand factors, rather than the result of a single event.

The demand for LNG in northeast Asia increased by 10% y-o-y between mid-Dec 2020 and early January 2021 amid the colder-than-average winter temperatures around the globe, which was aggravated by the lower nuclear availability in Japan and the limits on the coal-fired generation in Korea. The surge in demand for LNG also increased the calls for more remote suppliers, resulting in higher prices. Longer voyages and the congestion in the Panama Canal pushed spot charter rates to record highs of more than $ 230,000 per day. However, these high prices are not expected to last beyond the short-term cold wave, as the fundamentals for 2021 remain weak.

Technical Analysis – Descending Triangle & MACD Crossover

On the technical front, the bulls are dominating the natural gas demand. Currently, natural gas is trading at the 2.79 level. Still, the leading technical indicator, the MACD (Moving average convergence divergence), has crossed over the mid-level (0 level), which exhibits a strong bullish trend in the natural gas price. Natural gas has closed a spinning top candle on a monthly time-frame, followed by two monthly sell candles, demonstrating that sellers are getting exhausted and the bulls might take over the market now.

Natural Gas – Monthly Time-frame – Descending Triangle Pattern

Furthermore, the lagging indicators, such as the 20, 50 and 200 periods EMA (Exponential Moving Averages) support a bullish trend, as natural gas prices have surged over all of these EMA levels. On the higher side, the monthly resistance remains at $ 3, $ 3.52 and $ 4.47. Conversely, the commodity may find support at the $ 2.70 level. If natural gas violates the support level of $ 2.70, we might see its prices falling toward the $ 1.60 area. If the demand for natural gas drops further, and manages to break below the $ 1.60 level, which is doubtful, the prices may dip until areas around $ 1.36 and $ 1.19.

Natural Gas – Weekly Time-frame – Trendline & Doji Pattern

In the short run, natural gas may exhibit a slight bearish correction until the $ 2.33 area, which is extending by the most recent low of Dec 2020. However, the odds of continuation of the bullish trend will remain solid if the commodity fails to violate the support level of $ 2.33. According to the MACD and Stochastic indicators, natural gas has entered into the overbought zone, and exhausted bulls may start profit-taking before showing any further upward momentum in the market. On the weekly timeframe, natural gas prices have closed a Doji candle that suggests indecision among investors and typically drives correction, which is followed by a bullish trend. So here, it is followed by a 29.89% gain in natural gas prices, suggesting that the bulls need some rest now. That said, we can see a slight dip in natural gas prices until the 2.36 area, and then the odds of a bullish reversal will remain high. However, the violation of the 2.36 level could also lead the prices towards the 1.62 area. Good luck!

Silver Price Forecast for 2023: Will the Support Hold for Silver?

Silver, like any other trading artifact, experienced a detrimental breakdown of the 2022 fallout. Back in 2021, Silver traded at $22.73 per ounce but by 2022 it had dropped up to $21.73 per ounce as reported by London Bullion Market Association (LBMA).

Silver prices are being dragged down by concerns about a recession and lower demand for industrial use. Despite underperforming gold, the decline is restrained due to expectations of limited supply. Analysts’ predictions offer insights into where the silver market may head next for investors to lead their trade. Therefore, silver is at its roots to recover the market.

Due to a change of taste by silver traders, silver is expected to trade at $24.59 by the end of the year 2023. Silver being a commodity that is stocked as assets by trade tycoons, high expectations of growth are lined to be experienced.

By the end of 2024, the prices of silver are expected to rise 34% from 4% the previous year. This will be a high escalation as it might be trading at $30.81 which will be an increase of $6.22 in one year. Therefore, by 20230 silver will have a good fortune.

Trade with silver against other metals like gold, iron, and tin will be exponentially appreciated by most users due to its efficiency in electronic appliances. Therefore, by the end of 2027, it is highly expected to trade at $44.72 which will be an increase of 90%. Comparing the drastic changes and high expectations of trade with silver, by mid-2030, silver is expected to trade at $62.73. This will have a positive impact which shows a good fortune for silver metal traders.
A strange phenomenon has been taking place in financial markets in recent weeks as retail traders and investors try a crusade against Wall Street; it started with retail traders and investors following a post on Reddit to buy GameStop shares which snowballed into a surge. Bitcoin also jumped around $ 8,000 higher after Elon Musk also posted on Reddit #Bitcoin towards the end of February. Silver was the latest asset to get a boost from the Reddit community of traders after a post on Reddit last week declared Silver “THE BIGGEST SHORT IN THE WORLD” and encouraged traders to pile into the iShares trust as a way to stick it to big banks. BlackRock Inc.’s iShares Silver Trust, the largest exchange-traded product tracking the metal, recorded an unprecedented $944 million net inflow on Friday.

The performance in safe-haven assets has been mixed during 2020. They started the year on a slightly bullish footing, due to tensions in the Middle East, but crashed lower in February and March, because of the initial panic after the coronavirus travelled to Europe. Safe havens resumed their bullish trend after the panic mode switched off, with Silver and Gold marching higher as the global economy went into a massive recession. Silver nearly tripled in value within the space of a few months, surging from above $ 10 to $ 30, while gold made some record highs, climbing above $ 2,000.

Current [[Silver-name]] Price: [[Silver-price]]

Recent Changes in the Silver Price

Period	Change ($)	Change %
6 Months	-2.845	-12.05%
1 Year	-5.26	-22.31%
3 Years	+9.15	+38.80%
5 Years	+4.73	+21.07%
Since 2000	+18.59	+78.79%

In our last long-term forecast, we left silver with a strong bullish momentum, although that momentum didn’t last long, and during the second week of August, we saw a bearish reversal in safe haven metals. Gold lost more than $ 300, falling below $ 2,000 again, where it has been trading ever since, while silver has been bouncing within a range, roughly between $ 22 and $ 30. So, silver has performed much better than gold during this time, with the gold/silver ratio, as shown in the chart further down, declining since the middle of March 2020. Overall, silver ended the year with decent gains, although 2021 might not be very bullish for it, as you will see from the analysis below.

As mentioned above, safe havens had a mixed year in 2020; although it might seem like they have gained in value, which they did in USD terms. However, this could be attributed to the pronounced weakness in the USD during this time. Even so, safe haven metals, like gold and silver, have been retreating lower since August, while the gains in the safe haven currencies have been much smaller than the decline in the USD, which shows that overall, safe havens have been stagnating since the middle of 2020.

The industrial demand for silver has increased, yet we haven’t seen any major bullish momentum. Even the December rally in gold and silver is over now, as the price turned bearish again in the first two weeks of January. The volatility has surely been quite high, with the price making some swings, which has offered some good trading opportunities, although the risk has been quite high as well. Now, for silver, the price is heading down again, and if the USD situation improves in 2021, which it should at some points, this might be a bearish year for silver and gold.

Upcoming Events to Affect Silver Price

Tuesday, 2 February, 2021 Q4 GDP QoQ Eurozone

Wednesday, 3 February, 2021 January CPI Eurozone (YoY)

Silver – Forecast Summary

Silver Forecast: H1 2023
Price: $25 – $27
Price drivers: Market sentiment, COVID-19, Global economy, Politics

Silver Forecast: 1 Year
Price: $26 – $29
Price drivers: Post COVID-19, Safe haven status, Less dovish central bank rhetoric?

Silver Forecast: 3 Years
Price: $30 – $32
Price drivers: Global economy, Safe haven status, Market sentiment

Silver Live Chart

[[silver-graph]]

Silver – XAG/USD Price Prediction for the Next 5 Years

Silver was on a bearish trend for about a decade, after topping just below $ 50 in 2011, during the Eurozone debt crisis, which sent safe havens higher and commodities lower. It looked like the bullish trend might have resumed again after the surge in the first half of 2020, but there was no follow-through in the second half of last year, and 2021 has started off bearish for silver, which has retreated lower, losing nearly $ 4 so far. During these uncertain times, when the global economy seems to be changing, perhaps together with the political scene, gold and silver should have been extremely bullish, but the cryptocurrency market took on safe haven status in 2020, stealing the limelight from the traditional safe havens. Comments from the Bank of Japan governor Haruhiko Kuroda reinforced this in December. So, however you look at it, everything points to a further retreat in the coming months, particularly if the global economy starts to recover in spring.

Silver Losing its Safe Haven Status During the Coronavirus Crisis?

Precious metals like silver and gold used to be the ultimate safe havens, meaning they turn bullish when the sentiment in financial markets turns negative, as traders and investors transfer their funds to such instruments for safety. However, we saw a crash in the precious metals in February/March, when the coronavirus pandemic hit Europe. That was as a result of enormous panic, which turned traders to the USD, as a global reserve currency. As soon as the panic was over, the trend reversed, and silver and gold entered a strong bullish trend, which lasted until the second week of August.

In August, the bullish move ended as the sentiment improved, and both these instruments retreated lower. The economic data from all over the world showed a strong rebound after the reopening following the COVID-19 lockdowns in spring. The traditional safe havens haven’t resumed their bullish trend, although the global economy has turned down again since October, as restrictions increase and lock-downs come back in some countries, particularly in Europe, after the announcement from the European Union president Ursula Von Der Leyen in January for more restrictions and a an orange zone within the Union. There was a bullish move in December, but that was mostly a USD move, which saw the greenback fall further after the US presidential elections. Now, in the middle of January, silver is still heading down, which doesn’t correlate with the deteriorating sentiment.

Despite the development of vaccines, the coronavirus is still around in the West, and Europe and the UK are heading towards a double dip recession. But, silver and gold are not turning bullish, and this is aggravated by the fact that the US Dollar has been extremely bearish since March last year. Safe havens should have been surging, but the traditional precious metals haven’t gained since August. This shows that they are perhaps losing their safe haven status, or else it has minimized considerably.Cryptocurrencies have stolen their limelight, having gained safe haven status, which saw them absolutely surging for nearly a year. So, the traditional safe havens have missed out on the opportunity since August, and when the USD turns bullish, which might come soon, they will be in real trouble.

Gold-Silver Ratio

The gold/silver ratio, which shows how these two precious metals compare with one another, has been increasing since 2011. Back then, the ratio stood at around 32, while the high in the middle of 2020 stood at 93.50. During the uptrend, moving averages were doing a great job in providing support, with the smaller period MAs such as the 50 SMA (yellow) doing so when the pace of the increase was stronger, while the larger ones supported the price when the trend slowed and pullbacks lower were stronger. The increasing XAU/XAG ratio means that the price of these metals has been diverging, which can be seen from the charts below in the technical analysis, with gold turning quite bullish since 2018, while silver was trading sideways until the middle of March last year.

The 200 SMA has turned into a big resistance indicator to push above now

That lasted until the beginning of this year, when the ratio turned from bullish to exploding higher, as the tensions between the US and Iran initially, followed by the coronavirus breakout in China and then in Europe, sent traditional safe havens surging higher and gold making some record highs above $ 2,000. Silver also surged higher, gaining nearly $ 20 during the coronavirus surge until August, but gold gained around $ 625. As a result, the gold/silver ratio surged from 87 to 127 during late February and the first two weeks of March. But the surge ended back then, and the ratio had plummeted below 70 by August. Moving averages turned from support to resistance on the weekly chart, with the 20 SM (gray) doing so first, then the 200 SMA (purple) rejecting the price in September, after the retrace higher.

The ratio remains in favour of Silver

On the daily chart, moving averages also turned into resistance after the bearish reversal, which followed the surge. The reversal was signaled by the doji daily candlestick at the top. The 100 SMA (green) provided resistance on this time-frame chart during November, while the 50 SMA has turned from support to resistance in recent weeks. So, the gold/silver ratio has been trading near the lows at the 2015-17 levels, showing that the demand for silver has been higher than the demand for gold, and silver has been holding up better than gold during the bearish reversal since August. This has been positive for silver, and it has minimized the losses, but we might see a bounce in the XAU/XAG ratio if the moving averages are broken on the weekly chart. If that’s the case, and the demand for traditional safe havens keeps falling, we might see the decline in silver accelerate, although that would also depend on the US Dollar.

More COVID-19 Stimulus Packages Helping All Assets

During the coronavirus times, a lot of cash, to the tune of tens of trillions of dollars, has been flowing into the markets. The global debt has increased by around $ 20 trillion. The first round of the coronavirus sent all the economies around the world into a deep recession, as most businesses were closed. Central banks and governments introduced some major economic stimulus programs to help fight the economic crash. After the first round of lock-downs, the economy reopened, and life restarted again to some degree, so in summer we saw a rebound, but a similar situation is repeating itself at the moment, with new restrictions and lockdowns, while central banks and governments are adding to the previous stimulus packages, sending the global debt higher.

The president of the European Central Bank, Christine Lagarde, announced in late December that the ECB would increase the coronavirus stimulus programme by € 500 billion, from € 1.35 trillion to € 1.85 trillion. The EU Commission also passed the budget, which included the coronavirus recovery package, totaling more than $ 2 trillion, after months of negotiating. In the US, Congress passed a bill for more than $ 2 trillion in December, around $ 900 billion of which will go to the coronavirus fund. These measures include a $ 300/week federal unemployment supplement and $ 284 billion in Paycheck Protection Program loans. The programme also included $ 600 in direct payments and $ 8 billion for Covid-19 vaccine distribution.

Another $ 1.4 trillion is going to fund the government until September, while FED Chair Jerome Powell has announced that the central bank has no plans to scale back the purchase of assets any time soon. There have been worries that a sharper-than-expected increase in inflation could lead to a tapering of the Fed’s bond-buying program. But Powell has confirmed that quantitative easing will continue as it is, so there will be no shortage of cash in the foreseeable future, and most markets will benefit from this. Stock markets and risk currencies will certainly take advantage of it, as will commodities. However, gold and silver have been declining since August, despite the excessive amount of cash flowing into the markets.

Technical Analysis – Can We Expect a Bearish Correction in Silver – XAG/USD?

Looking at the monthly chart below, we can see that, as far back as history shows, there has been a slight upside bias in the XAG/USD, with moving averages providing support during pullbacks lower. For most of the 2000s, the 20 SMA (gray) provided support, and the pace of the trend was quite strong. The price was finding resistance below $ 15, which was an important support and resistance zone for a long time, but that resistance area was broken and another resistance zone formed from $ 21 to $ 22. In 2008 we saw a bearish reversal and a retrace down to $ 8.50. But the 100 SMA (green) turned into support this time and reversed the price back up after the global financial crisis. The Eurozone crisis turned the risk sentiment massively negative in the following years, and by 2011 silver got pretty close to $ 50, after a strong surge. But, that big round level was too big of a psychological barrier for buyers, who gave up, and the price dropped after the sentiment started to improve in the financial markets.

But the decline hasn’t been a straight line, with moving averages providing support on the way down and stalling the fall for several months at least. At the moment, the XAG/USD has completed 38.2% Fibonacci retracement at 23.10 level and closing of candles above this level is supporting odds of a bullish reversal in safe-haven metal silver. At the same time, the bearish breakout below 38.2% Fibonacci retracement level can extend selling bias until the support area of 20.95 and 18.76 levels that marks 50% and 61.8% Fibonacci retracement levels respectively.

On the weekly chart, we see that the XAG/USD traded inside a range from 2014 until July 2020, despite the brief break in the middle of March last year, when everything crashed due to the coronavirus break out in Europe, before the big bullish reversal. So, that doesn’t count as a proper break. The price surged higher, getting pretty close to $ 30, which is another big round psychological barrier, but it reversed back down in August, although the previous resistance zone above $ 21 turned into support and has been holding since then. The 20 SMA caught up with the price towards the end of last year, pushing the price higher, but silver buyers couldn’t make new highs, and the price is returning back down. The failure to reach at least the previous high below $ 30 is a sign that buyers are not confident in keeping their positions close to that resistance zone and are not pushing for the trend to turn bullish on the weekly chart. So, now the sellers are in charge again.

Silver Price Forecast

XAG/USD Weekly Chart

Recently, the safe-haven metal silver has plunged dramatically to complete 38.2% Fibonacci correction level on the weekly timeframe. This 38.2% Fibonacci retracement level of 23.10 is working as support now. As we can see on the chart above, the XAG/USD is closing a weekly candle with a massive shadow and a small body. This type of candlestick suggests weakness in selling bias. Thus the odds of XAG/USD breaking below the 23.12 level are weak. However, the 50 periods simple moving average is supporting a selling trend in silver and at the same time, it’s extending resistance at 25.95 area. A bearish breakout below 23 level can offer us a short opportunity to target 20.93 and 18.70 levels in the future.

Aluminum Price Forecast 2023: The Price Increases in Line with the Chinese Demand

Like most commodities, aluminum, which is heavily used almost in every sector, such as automotive, aviation, energy, modern construction, food and beverages and many other industries, was on a decline from the beginning of the last decade until 2016. Aluminum futures MALTRC1 declined from the all-time high, just below $ 2,800 to $ 1,430, which means it lost half its value, as the global economy was in trouble, and also because of the Greek/Eurozone debt crisis back then.

We saw a decent comeback from 2016 until 2018, as the global economy recovered, but the trade war between the US and China, after Donald Trump came to power, led to a declining demand from China, which is a major user of aluminum. The decline accelerated in the first months of this year, after the coronavirus pandemic hit China, before spreading to the West, resulting in the lockdowns that sent the global economy into recession. But, with China up and running again, the demand for aluminum has increased, turning the price pretty bullish since May.

Recent Changes in the Aluminum Price

Period	Change ($)	Change %
6 Months	+464	+29.6%
1 Year	+276	+15.2%
3 Years	-213	-9.5%
5 Years	+522	+34.8%
Since 2010	-110	-5.2%

Factors Affecting Aluminum Prices

Aluminum, like any other commodity, is heavily affected by the risk sentiment in financial markets. If the sentiment is positive, investors feel like taking bigger risks, which benefits commodities. The fundamentals, like the global economy and the Chinese economy in particular, due to the massive amounts of aluminum it uses in the industry and manufacturing sectors, play a big role in the demand side of this commodity, as well as having an impact on investor sentiment. China has rebounded well after the coronavirus problems in Q1, and the technicals also point higher for aluminum, after they rebounded off the previous support zone at $ 1,430.

Aluminum Forecast: Q4 2023

Aluminum Forecast: 1 Year

Aluminum Forecast: 3 Years

Price: $ 2,050 – $ 2,100

Price drivers: Covid-19, Chinese recovery, Risk sentiment

Price: $ 2,300 – $ 2,400

Price drivers: Global post covid recovery, Commodity sentiment, new US presidency

Price: $ 221

Price drivers: Global economy, Global politics, BRICK countries

Aluminum Live Chart

[[Aluminum-graph]]

Aluminum Price Prediction for the Next 5 Years

The Chinese demand for aluminum was slowing during the trade war, leading to lower prices, and in Q1 of this year, the coronavirus broke out in China, leading to lockdowns in certain parts of the country, and later, the whole world followed. This affected the supply, which went through a glut period, but the decline in demand was much larger. Aluminum prices have already been declining since 2018, as the trade war between the US and China hurt Chinese manufacturing.

But, the first few months of 2020 were horrible for all markets, as we saw commodities crashing lower. Aluminum futures MALTRC1 accelerated the decline, particularly in March, but then the Chinese economy began a strong rebound, which is getting stronger. The production has increased, both in China and elsewhere; according to the World Bureau of Metal Statistics, the global aluminum market reached a surplus of 1,603 kt from January to September 2020, on top of the 480 kt surplus in 2019.

But, the increase in demand has outpaced the increase in production, particularly in China. Despite the service sector heading into another recession in the winter of 2020-21, manufacturing is holding up well, so the demand for aluminum will remain high. That’s particularly true with the output down in the Middle East and Europe, as well as North American production achieving all the catch-up it is likely to achieve. This should keep the price bullish for the time being.

Technical Analysis – The Trend has Turned Bullish for Aluminum in 2020

Let’s see if Aluminum will break above the range early in 2021

Moving averages have been really good indicators in showing the trend in aluminium futures. Before 2014, the 20 SMA (gray) and the 50 SMA (yellow) were doing a great job in providing support, as the price was increasing, then they turned into resistance as the price turned bearish. The decline ended at $ 1,430s, as mentioned above, and from the beginning of 2016 until April 2018, aluminum turned quite bullish. The same moving averages turned into support, pushing the price higher. The price reached $ 1,550s, but then reversed down at the start of the trade war between the US and China. The MAs turned into resistance again, but the decline ended at the previous low, which means that the area around $ 1,430 has turned into support. Now the price has climbed above all moving averages, which means that the bullish trend is on again, but it is facing the high from back in 2015, at $ 2,100.

MAs have turned form resistance into support since May

On the daily chart, the picture is similar, with the aluminum price being bearish in 2019, getting pushed down by moving averages, while in 2020 the MAs have turned into support, which means that the trend has been bullish. The 50 SMA held the deeper pullback in September, while the 20 SMA has been pushing the price higher all the time. The trend is only picking up pace, as the 20 SMA indicates, so further bullish momentum is expected, especially when Biden takes office in the US, as this could mean that the trade war might come to an end or at least to a standstill.

Neo coin (NEO) Price Prediction for 2023: Will the Token Bounce off the 20 and 50 SMA?

NEO/USD – Forecast Summary

NEO Forecast: Q4 2023
Price: $60 – $80
Price drivers: Cryptocurrency Market, Ethereum prices, Cryptocurrency crackdown

NEO Forecast: 1 Year
Price: $130 – $200
Price drivers: Increased Adoption and Utility, Cryptocurrency Market, War on cryptos

NEO Forecast: 3 Years
Price: $600 – $ 800
Price drivers: Global crypto politics, New Developments from NEO, Crypto Market Sentiment

Like Ethereum, Neo is a cryptocurrency and blockchain platform capable of building a scalable network of decentralized applications. Neo coin, authored by Da Hongfei and Erik Zhang, declares itself as a distributed network for a smart economy. The interesting thing that makes NEO unique is the extreme 12-month price performance, just like Stellar and Bitcoin. In May 2020, Neo was trading at $10, and in May 2021, Neo reached its second peak at $140.75, which was still short of the January 2018 high of $207, and now in October, it is trading at around $40 after falling from a high of around $65 the previous month.

At $40, Neo is still recovering from its crash in May, which saw it drop from $140 to only $25 on July 21. Neo coin was making lower lows after the crash until late July when it bottomed at $25. Although the sentiment has improved in the crypto market since then, and Neo has gained more than double its value, it faces a litmus test to the upside with the crypto token trading below the 20, 50, and 100 moving averages with no clear directional movement. However, the sentiment is still bullish as Neo remains on an uptrend from the $25 lows.

The emergence of new cryptocurrencies and blockchain apps gained momentum in late 2020 and the first several months of 2021, mainly because of the race towards transferring the centralized economy and governance towards decentralization. This trend was first started by Ethereum and has been followed by many cryptocurrencies and blockchain projects by hosting various dApps and smart contracts. Neo coin (NEO), initially known as “AntShares,” has gained popularity in hosting smart contracts and dApps. It is said to be a direct contender to Ethereum and is also known as Chinese Ethereum or Ethereum Killer, although it hasn’t been able to hold the gains during moments of a crypto crackdown from the Chinese government. Another feature that makes NEO more attractive is paying out dividends to its owners, unlike Ethereum. Neo also registers physical assets via a digital identity, which means the new coin has quite a few features that made it popular in a short period.

Buy NEO COIN Click Here

Current [[NEO/USD-name]] Price: [[NEO/USD-price]]

Recent Changes in the NEO/USD Price

Period	Change ($)	Change (%)
30 Days	+2.10	+5.38
3 Months	+10.60	+30.81%
6 Months	+51.11	+53.12
1 Year	+23.12	+105.66%
3 Years	+33	+275.13%

NEO Live Chart

[[NEO/USD-graph]]

Neo coin (NEO) Price Prediction for the Next 5 Years

One thing that has given Neo an advantage in the race among emerging digital currencies is its similar price rise trajectory to Bitcoin. The king of cryptocurrency BTC went from $7150 to $67,000 in the time span of one year. If we look at Neo’s price fluctuation in the same time period, the new coin has gained almost a similar percentage to Bitcoin. During the 12 months until May, Neo gained +755%, and Bitcoin has gained about +795% in the same period. However, as of the time of writing, Bitcoin had taken the total gains in the last year to +363%, against Neo’s 105.66%, which is still an impressive performance.

On the other hand, if we compare the prices of Neo coin with its rival Ethereum, the second-largest cryptocurrency is ahead for the moment. During April 2020, the Ethereum coin was trading at $174; however, in mid-April 2021, the coin reached $2,300, with a gain of about +1,220%. The increase continued until May, reaching an all-time high of above $4,300 on May 11 before retreating again. Ethereum is back again and has posted strong gains since mid-July that catapulted it to slightly below the previous ATH. At the time of writing, it was trading at $4,022 and on its way up. However, Neo is different in that it pays out on its other cryptocurrency called GAS, while Ethereum doesn’t offer dividends.

Apart from price fluctuation, when Neo and Ethereum blockchains are compared concerning deploying self-executing code contracts named smart contracts, Neo is considered more flexible than Ethereum. Neo has a unique feature in that its blockchain is impressively multi-lingual. It means that Neo developers can create their smart contracts with programming languages like Javascript, Python, and Go.

Ethereum blockchain uses only one coding language, Solidity, making it less user-friendly as programmers have to learn it from scratch. The unique feature of being a multilingual blockchain gives Neo an advantage over Ethereum and can lift its prices upward in the near and long-term future. Neo coin is currently ranked 55 with a market cap at $3.169B according to Coinmarketcap (October 27, 2021); however, still, it can handle more transactions per second (TPS) than the second-largest cryptocurrency of the world, Ethereum, which has a massive market cap of $497.599B. Ethereum’s blockchain can handle only 13 TPS, while Neo blockchain can handle 10,000 TPS. Another interesting thing where Neo holds an advantage is that many Neo transactions are free, unlike Ethereum, whose gas charges are enormously high. It has also been known as a blockchain for riches.
Neo and Ethereum are both markedly different in various aspects, from scalability and tech to their philosophy. Still, both coins support smart contracts and decentralized apps, and both these projects have lifted the cryptocurrency market higher due to their increased popularity. As there is a huge scope for smart contracts and dApps in the recent and coming era, the demand for blockchain platforms supporting these projects will also rise, which will help drive Neo and other similar digital asset prices higher in the future.

Factors Affecting NEO prices:

Chinese Government – NEO is also known as Chinese Ethereum, and it is also China’s first blockchain network. During the 2017 boom of cryptocurrencies, China and Korea played an important role in driving their prices higher. Before that, about 75% of Bitcoin trading originated in China. The Chinese government was not happy with that and wanted to maintain tight control that brought up strict regulations in the cryptocurrency market in China. China continued with such action in 2021, sending the crypto market and Neo diving lower until August, but the sentiment has improved, and this market has rebounded after that.

The Chinese government has already been cautious, and any sanction or regulation imposed on another cryptocurrency could bring NEO under the spotlight. Any positive decision by the Chinese government and people for cryptocurrency will drive up NEO’s adoption and support its prices.

Competitors – Neo, also known as Ethereum Killer or an Ethereum upgrade, holds a threat as it faces strong competition from Ethereum. Both projects are similar and provide a platform for smart contracts and dApps; they have established strong competition. Ethereum is also known as the queen of cryptocurrencies and has maintained its position as a strong coin in the market. In contrast, NEO is comparatively newer and has a long way to go. Therefore, due to the high level of competition, the rising prices of Ethereum can cause a downward shift in the prices of NEO and vice versa. Similar blockchain networks such as Solana are also posing a challenge to the growth of NEO.

Hard-capped Supply – In any market, the prices of products are determined when supply and demand meet. Scarcity drives the prices of a commodity on the upward side. Unlike other goods and services, cryptocurrencies are unique as they come with a hard-capped supply. The restricted supply of coins brings out the element of scarcity and could push the prices of coins upward. The supply of NEO is also limited at 100 million coins, out of which 70.5 million NEO coins are already under circulation. It means only around 25 million NEO tokens are left, and hence, NEO is scarce. Over time, this scarcity will only increase as supply cannot be altered, and the limited supply feature will be a factor that will drive NEO coin prices higher.

Non-Financial Applications – The NEO blockchain platform can create a countless number of applications such as identity-theft prevention, supply chain monitoring, and many others. These applications use the NEO token by default as their in-app currency. Any further development of this aspect of the platform could contribute a lot to the demand for NEO tokens in the future. Neo is also used for the digitization of physical assets and verifiable digital identities, bringing these markets into the crypto world.

Bitcoin – For better or worse, Bitcoin is still considered the king of cryptocurrencies due to its largest share in the cryptocurrency market. And it can still often influence the majority of the market. Bitcoin and NEO coins have a correlation of 0.27 which means Bitcoin holds a huge influence over NEO coin and can drive its prices. If Bitcoin continues with the bull run, other cryptocurrencies, including NEO, will follow suit.

Technical Analysis – NEO/USD Forming Bearish Reversal Patterns in on the Daily Chart

On the technical front, Neo has been trading on a bullish trend since late July. However, it has now moved below all moving averages and is still under pressure at $40. The 100 MA (yellow), 50 MA (blue), and 20 MA (red) are already acting as resistance on the daily chart, with no clear direction in the short term.

Neo coin (NEO) Price Prediction for 2021: Will the Token Bounce off the 20 and 50 SMA?

NEO/USD Daily Time-frame – Moving Averages Resisting a Rise in Prices

The weekly chart also supports the idea of a bearish reversal. After coming down for two months, both the 50 MA and 20 MA are above the current price and acting as resistance. However, prices remain above the 100 MA (yellow), which could support it in the next few days. At the current level, on the weekly chart, NEO/USD is showing no price action signal to suggest a potential rise or fall. Therefore, we are left to rely on the moving averages and the support at 26.22 to gauge the likely price action levels and where we could experience a potential price reversal.

Neo coin (NEO) Price Prediction for 2021: Will the Token Bounce off the 20 and 50 SMA?

NEO/USD Weekly Time-frame – 100 MA support prices

The monthly chart shows some bullish signs, with all moving averages remaining below the current price. The chart shows that prices bounded off from the $26.22 support via a bullish pin bar, which took the price up to $66. However, we can see that another pin bar (bearish) is being formed, which could take prices lower from the current level. Therefore, we anticipate that NEO/USD could make another leg down up to the 20 MA/50 MA or $26 support before restarting another bullish trend.

Neo coin (NEO) Price Prediction for 2021: Will the Token Bounce off the 20 and 50 SMA?

NEO/USD Monthly Time-frame – Token Could Slip to 20 MA/50 MA or $26 Support

EOS Price Prediction for 2023: Downward trendline leads EOS below $1 psychological support

By 2023 it was ranked 49 in the crypto industry and its growth has been vast. Despite being affected by the 2022 crypto fallout, it still stands among the trade list due to its well-built community called the EOS network.

The current price prediction of EOS to USDT trades at $0.861996 and by May 25th 2023 it is expected to decrease -0.74% from the previous price. However, by the end of the year 2023, EOS to USDT is highly expected to trade at an average of $1.14 and not less than $1.10. This shows that high possibility of getting to its roots of $2.77 as experienced in 2021.

By 2026 EOS will have surpassed its original trade price and trade at an average of $3.66. The trends show that an increase in price will be experienced resulting in good fortunes. For instance, the price prediction of crypto at a high rate will be escalating depending on the nature of the coin. Like any other coin EOS experiences similar changes.

Taking the prediction made over the next three years, 2024, 2025, and 2025, by 2030 trade demand for EOS will be at an advantage of growth. Less price drop is expected by that year. Therefore, at a high rate, EOS is expected to trade at a maximum rate of $18.59 which will be a drastic increase. With an average of $15.37 by 2030, EOS will be at a great advantage if one trusted the coin today.

EOS/USD – Forecast Summary

EOS/USD Forecast: H2 2023
Price: $1.0 – $1.5
Price drivers: Bullish Cryptocurrency Market, Symmetrical Triangle Breakout

EOS/USD Forecast: 1 Year
Price: $2.0 – $5
Price drivers: Increased Adoption and Utility, Bullish Cryptocurrency Market, Ascending Triangle Breakout

EOS/USD Forecast: 3 Years
Price: $6 – $10
Price drivers: New Developments from EOS, Crypto Market Sentiment

EOS/USD is trading at $6.4 level, exhibiting a robust bullish reversal after dropping from its all-time high level of $23.02. Considering the past six months’ performance, the pair has gained +$3.9, soaring massively by 154.12%. Simultaneously, EOS has added +$3.9 to surge by 187.55% over a year. Currently, the EOS/USD Live Price chart suggests that it’s trading at $ 6.4. The cryptocurrency market exploded back in 2017 and 2018 when the price of almost every asset hit an all-time high (ATH) after investors’ interest expanded and new cryptos flooded exchanges. The rise in investors’ interest pushed Bitcoin’s value above $20,000, and XRP’s price grew by about 36,000%, while EOS also broke its record and reached $23 after raising over $4 billion during its Initial Coin Offering (ICO).

EOS is a third-generation cryptocurrency like the other assets that entered the market during the crypto-boom era. Brendan Blumer is an American entrepreneur, executive, and investor. He is the CEO of Block. one, the tech company producing the EOS.IO distributed ledger software. Just before the gold rush for cryptocurrencies, EOS entered the market and had a great run in the first months of its life. Being a third-generation digital currency gave it an advantage as the founders learned from the mistakes of previous generation cryptos like Bitcoin, Litecoin, and Ethereum. EOS has the same blockchain as the second-largest cryptocurrency of the world by market cap, Ethereum. However, ETH can only handle 15 transactions a second, while EOS can process thousands of payments at once.

The advanced efficiency and scalability of the EOS make investors more dedicated to this platform. EOS has a market capitalization of around $6.44B, and it stands at 22nd position in the list of cryptocurrencies by market cap as of 6th April 2021. Let’s take a look at the EOS price prediction for 2021 and the next five years to answer whether EOS is a good investment or not.

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Current [[EOS/USD-name]] Price: [[EOS/USD-price]]

Recent Changes in the EOS/USD Price

Period	Change ($)	Change (%)
30 Days	+1.6	+33.31
6 Months	+3.9	+154.12%
1 Year	+3.9434	+187.55%

EOS Live Chart

[[EOS/USD-graph]]

EOS/USD Price Prediction for the Next 5 Years

EOS is much like Ethereum as it is a decentralized blockchain platform that facilitates the use of decentralized apps (DApps) and smart contracts. The blockchain of EOS is also known as EOSIO, a platform used to build new DApps. Developers of DApps also receive block rewards while building on the EOS blockchain (EOSIO). Recently, EOS has caused many heated discussions in the crypto market as it has competed with the world’s second-largest cryptocurrency Ethereum. The record-breaking ICO of EOS gained much attention from the media due to its functionality as its platform EOSIO has a unique feature of excluding transaction charges. It means that unlike Ethereum, EOS has no transaction fees and can process thousands of transactions at once.

Due to its multibillion-dollar ICO, EOS got listed on most exchanges within just a few days of its launch. In 2018, EOS/USD rose to its all-time high of $23 amid increased interest of investors. However, the prices didn’t remain there for long and started dropping. Since then, EOS has been in a bearish trend except for February 2019, when the prices rebounded from $2.2. This price hike continued till June 2019, when it hit $9.89 and then reversed its trend to the negative side. Since then, the prices remained under consolidation throughout 2020. However, the start of 2021 proved to be beneficial for EOS and other cryptocurrencies as well. Since January 2021, EOS prices rose from the low of $2.3 and have reached $6.7 in April.

The increased adoption of cryptocurrencies by big institutions and the increased popularity of smart contracts, DApps, and NFTs have raised cryptos prices to all-time highs. Given the recent situation and environment surrounding the crypto market, we can say that EOS has a bright future ahead. Let’s take a look at the factors that are expected to affect the price of EOS/USD in the near and long-term future and how these factors will affect its prices in the years to come.

Factors Affecting EOS/USD

Network Development – The very concept behind the EOS development has made it popular from the initial days of its launch. The attention and support that EOS gained in such a short time were very impressive, and it was all due to the functionality of its platform. The EOSIO blockchain can process thousands of transactions without any additional fees. It has also surpassed the major credit cards like the famous Visa in transaction processing. The massive scalability and virtually zero cost have fulfilled its promises made during ICO; however, there is still room for improvement as the network is not fully developed. The upcoming developments in the EOS network will positively impact its prices in the coming years.
Cryptocurrency Market -Unlike any market, the prices in the cryptocurrency market are not subject to supply and demand as the supply side of the currency usually has a hard cap from its developers. Hence, supply does not play an essential role in determining the price of a cryptocurrency. However, demand is one of the most critical factors in the price determination of cryptos as the value lies in consumers’ perception of the currency. Lately, cryptocurrencies are becoming increasingly accepted, which has naturally boosted their value.
Being the largest cryptocurrency by market cap, Bitcoin plays a huge role in the cryptocurrency market. It is often regarded as the king of cryptos as it tends to affect the prices of other cryptocurrencies. Since the industry boom in 2017, other currencies tend to follow Bitcoin. According to cryptowatch.ch, the correlation coefficient of Bitcoin and EOS is 0.50, which means any change in Bitcoin will have about half an equal effect on EOS prices. Recently, Bitcoin has surpassed its all-time high (ATH) level of $60,000, and since then, the trend has been bullish around Bitcoin due to increased popularity and adoption. This rise in Bitcoin affected other cryptocurrencies and EOS coin that followed BTC and reached above $6 in just four months from $2. As the popularity and adoption of cryptocurrencies have expanded, the outlook for the crypto market has also improved, which is expected to push EOS prices in an upward direction. However, the second-largest cryptocurrency by market cap, Ethereum (ETH), is a strong competition of EOS. The recent trend surrounding ETH is also positive, and this competition between the two coins poses a threat to EOS prices.
Increased Adoption – EOS was developed with a vision to make blockchain technology available for everyone without any cost to improve the ease of usage. The current developments are also working in progress with a mindset for increasing its adoption on a massive scale. EOS has a special feature of scalability that makes it unique as it can process thousands of transactions at once. EOS is aiming for a million transactions to be processed in a second, and if it becomes successful in achieving this aim, the adoption of EOS would definitely be increased. EOS is a suitable digital payment platform, and it is also determined to encourage the use of blockchain technology through smart contracts and DApps. Recently, the smart contract platform of EOS is said to become the first truly decentralized chain on the back of LiquidApps. It will be achieved by integrating LiquidApps’s DAD Bridge to enable the cross-chain liquidity transfers between Ethereum and EOS networks. This kind of positive news tends to help EOS prices, and in the future, if it can be achieved successfully, then EOS prices will rise in coming years.

Technical Analysis – EOS/USD Plunging towards Triple Bottom $2.77

The EOS/USD pair is exhibiting strong bearish bias since May 2021, dropping from $14.76 level to $3.7 level. On the technical front, the pair is trading sharply bearish at $3.68, holding below monthly 20 and 50 periods EMA resistance levels of $4.01 and $6.3 levels, respectively. The leading technical indicators, the MACD (Moving average convergence divergence) and RSI (Relative Strength Index), are exhibiting a bearish trend in the currency pair.

On the monthly time-frame, the MACD and RSI are holding in the selling zone, exhibiting a solid selling trend in the price. EOS/USD is on the verge of closing another bearish candle that may extend selling trends until the $2.7 level.

EOS/USD Price Forecast

EOS/USD – Monthly Time-frame – Upward Trendline to Suppprt at $2.77

On the monthly time frame, EOS/USD is heading lower towards $2.77 support level, and the upward trendline is likely to provide support at this level. However, the breakout of this level has the potential to load EOS price further lower towards the next support area of the 1.9118 level.

The chances of a bullish reversal remain strong above $2.77 level unit next resistance level of $6.8. Bullish breakout of this resistance can lead the EOS/USD coin towards the $8.6 level.

EOS/USD Price Forecast

EOS/USD – Weekly Time-frame – Choppy Trading Sessions

The EOS/USD pair has entered the selling zone at the $3.6 level on the weekly timeframe, and it has strong odds of a bearish trend continuation until $2.70. The series of exponential moving averages are also suggesting selling trend in the pair. These exponential moving averages are holding around the $4.03 level, suggesting bearish opportunities in the pair. The pair may find immediate support at the $2.77 and $1.90 area, and the violation of this level can lead it towards the $1.09. The weekly RSI and MACD indicators support a selling trend.

Since the MACD has started forming smaller histograms than the previous ones, the odds of a bullish correction remain solid over the $2.77 level. On the higher side, the EOS/USD coin can face resistance at $5.5 and $8.6 levels. Good luck!

Ripple (XRP) Price Prediction for 2023: What next after winning the SEC case?

Ripple (XRP) – Forecast Summary

XRP Forecast: H1 2022
Price: $0.48 – $0.80
Price drivers: Waning bullish crypto sentiment, Favorable result of SEC lawsuit

XRP Forecast: 1 Year
Price: $0.80-$0.90
Price drivers: Ripple adoption, Listing back into popular DEXs/CEXs

XRP Forecast: 3 Years
Price: $2.0 – $4.00
Price drivers: Further regulation, more adoption from financial sector, Ripple IPO

2022 has been a tumultuous year for Ripple (XRP), and the cryptocurrency market in general. The coin however kicked off the year by winning the lawsuit against SEC. while trading near the lows at $0.2375. However, the price increased and broke above $0.40.

However, the journey of Ripple (XRP) has not been a straight line, as it has experienced tremendous volatility, along with the entire cryptocurrency market. Since hitting new all-time highs it has traded in a wide range, from the support level at $0.50 to the psychological resistance at $2.00. Then the momentum left, and was replaced with volatility and a bearish sentiment.

Throughout 2021, RippleLabs had faced a lot of regulatory hurdles, headed by the lawsuit initiated by the United States Securities and Exchange Commission. Add to this the negative news that several exchanges were delisting the Ripple (XRP) cryptocurrency, including one of the biggest exchanges, Coinbase. All investor’s eyes are now fixed on the SEC lawsuit, and on how the judicial system will rule on this. The outcome could either make or break Ripple.

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Current [[XRP/USD-name]] Price: [[XRP-price]]

Recent Changes in the Ripple Price

Period	Price	Change ($)	Change %
1 Month	0.80450	0.02510	3%
3 Months	1.07650	-0.24690	-23%
6 Months	0.62150	0.20810	33%
1 Year	0.23570	0.59390	252%

Ripple Live Chart

[[XRP-graph]]

RippleLabs is the company behind the XRP coin. The company’s objective is to make international money transfers cheap and easy, in direct response to the slow and tedious process used for international money transfers globally.

They present XRP as the solution to overcome the way banks operate nowadays which can take a long time, due to the lengthy process it has to go through to get approved for an international transaction. Customers of banks who want to transfer funds from one country to another need to pay unnecessarily exorbitant fees for the transfer. These fees are collected by the banks and other intermediaries required to implement these international transfers. Sometimes, currency conversions have large spreads as well, which means the customer is left with so much less monetary value when the money transfer arrives on the other side. Furthermore, you also need to check whether a particular country is or is not supported by your local bank, and if it is not, you cannot transfer funds to that country. The current international banking model is simply too slow and too troublesome for the common folk.

RippleLabs created XRP and RippleNet to help ease this sore point. They boast that Ripplenet is cheaper and faster than the slow banking of today. At the same time, it is compliant with the anti-money laundering laws and regulations, and it can even detect fraud. This innovation has encouraged investors and several banks to support the endeavor. Popular financial institutions that have partnered with RippleLabs include: American Express, the Bank of America, Santander bank, TransferGo, and Xendpay.

RippleLabs also created the cryptocurrency Ripple (XRP), which is based on the blockchain. You can transfer XRP in less than 10 seconds, with fees of just $0.0002, which is vastly cheaper than what banks are charging for international transactions. And since it is in the blockchain, there are no limitations when it comes to your location. You can trade XRP anywhere in the world, as long as you have an internet connection.

XRP is currently the 8th largest cryptocurrency in terms of market capitalization. At the time of writing, it had a market cap of $39,436,190,028 USD, a circulating supply of 47,535,964,473 XRP coins and a maximum supply of 100,000,000,000 XRP coins.

Ripple Price Prediction for the Next 3 Years

More Adoption by the Traditional Financial Sector

The innovative technology offered by RippleLabs has indeed proven to be a game-changer for the traditional financial sector. The adoption of the blockchain technology by banks and financial institutions will be the primary driver of Ripple (XRP). Currently, several money transfer services and banks have been using or trying out XRapid as an alternative to SWIFT. High profile companies like Xendpay, American Express, WesternUnion, Transpaygo, Euro Exim Bank, Bank of America, and TransferGo have partnered with, or at least tried, this faster and cheaper way of doing international transfers.

Further regulation and clarity, when it comes to laws, could help further adoption of Ripple (XRP) by the traditional financial sector. As more and more financial institutions understand the regulatory environment, they will begin to realize how much money they can save by adopting the technology. More adoption means higher demand coming into the market, which will inevitably drive the price of XRP higher.

SEC lawsuit coming to an end, Ripple IPO

Arguably the most important price driver for Ripple (XRP) is the impending end of the US Securities and Exchange Commission’s lawsuit. I believe a favorable outcome would drive prices to all-time highs, while a negative one would force the price into a nosedive to new lows.

In the lawsuit filed in December 2020, the SEO insists that Ripple (XRP) is a security and not a currency. The SEC accused Ripple of selling securities in the amount of $1.3 billion. For context, a security refers to a company’s stock, or a bond, unlike the US Dollar which is a currency. The same SEC approved major cryptos Bitcoin (BTC) and Ethereum (ETH) as currencies and not securities, which makes the lawsuit rather questionable to say the least.

Politics may be part of the reason why this happened to Ripple (XRP). Too much innovation and adoption may have caused it, as a lot of money would be lost if most financial institutions used XRP for their international transactions. Nonetheless, the SEC lawsuit will be coming to an end, probably in about mid-2022. Ripple CEO, Brad Garlinghouse, expressed the company’s desire to do an IPO in the traditional equity markets, when the lawsuit is finally over, and this would definitely drive more demand for XRP.

XRP/USDT – A Technical Analysis: Major Uptrend Line Intact, Despite Recent Bearish Price Action

Ripple (XRP) Price Prediction 2022: All Eyes on the SEC Case
XRP/USDT – Weekly timeframe: Major Uptrend Line Intact

The weekly timeframe log chart for XRP/USDT shows that the recent weakness in the price action is still within the range of its long-term uptrend line. This uptrend line began in early 2020, when the price hit a low of $0.1013, and since then it has never returned to this price level, as it began stepping upwards towards new all-time highs in May 2021, almost hitting $2.00. As long as XRP/USDT does not fall below this major uptrend line, long-term holders can hang on, as there is no major technical reason to sell yet.

Ripple (XRP) Price Prediction 2022: All Eyes on the SEC Case

Daily Timeframe shows short-term bearishness

On the other hand, the shorter daily timeframe of XRP/USDT presents a rather bearish picture in the mid to short term. The infamous bearish technical indicator, the Death Cross, has formed as the 50-day moving average (gray line) has crossed below the long-term 200-day moving average (purple line). Furthermore, price action failed to rise above the 200-day moving average (purple line) signifying more weakness. It is currently at the support level of a pennant pattern, which started forming in May 2021, and a fall from this level could mean XRP/USDT falling to it’s immediate support level of 0.50-0.51.

The more positive situation for XRP/USDT would be a recovery from the current price levels, with further consolidation and full tightening, to form a pennant, and finally a breakout above the coil. The pennant pattern consolidation will converge into a pivot point by mid-2022, which, coincidentally, is also the projected time at which the SEC lawsuit will come to an end. This could either make or break XRP/USDT, depending on whether the ruling goes their way or not.

As a trader and investor, I would suggest staying on the sidelines and waiting for further confirmation before entering XRP/USDT. The overall cryptocurrency market sentiment is shaky and unfavorable at the moment, and in the near future, there will be more headwind, led by the SEC lawsuit. Once things clear up and more information is presented for RippleLabs, that’s the time to take positions. In the meantime, we will simply wait and watch.

Stellar Lumens (XLM) Price Prediction for 2023: Bullish Correction in Play

Stellar Lumens (XLM/USD) – Forecast Summary

XLM/USD Forecast: H2 2023
Price: $0.20 – $0.80
Price drivers: Weaker dollar, Trendline breakout, Market Sentiment, Moneygram Takeover

XLM/USD Forecast: 1 Year
Price: $0.8105 – $1.2609
Price drivers: Regulation, Market Sentiment, Adoption

XLM/USD Forecast: 3 Years
Price: $1.2900 – $0.8105
Price drivers: Overbought indication, Bearish correction

The Stellar Lumens XLM/USD crypto pair has recently exhibited a strong bullish trend, following in the footsteps of its peers, before retracing along with the border market. Currently, the XLM/USD pair is trading at the $ 0.25 level, having seen most recent highs of $0.80.

Currently, the XLM/USD Live Price chart suggests that Stellar Lumens (XLM) is trading at $ 0.2620. The market cap of Stellar Lumens is USD 6.09B.

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Current XLM/USD Price:[[XLM/USD-name]] [[XLM/USD-price]]

Recent Changes in the Stellar Lumens Price

Period	Change ($)	Change (%)
30 Days	-0.17	-38.55%
6 Months	+0.13	104.21%
1 Year	+0.34605	571.22%

[[XLM/USD-graph]]

The cryptocurrency, Stellar Lumens, was created to provide users with the feature of breaking the inherent boundaries when making international transactions. Specifically, the boundaries could be defined as the lengthy transaction time and the high fees associated with it. The Stellar developers created a currency to solve the above-mentioned obstacles, by providing a cheap and quick way to send and receive money across the whole world. However, the Stellar network created the cryptocurrency to operate within the system. The developers of the Lumen currency understood that people in many areas of the world do not have convenient access to financial services, and where such services are available, they are very costly.

With this vision in mind, the developers of XLM made their financial services accessible with just two simple internet access and hardware requirements. Lumen was designed to bridge the gaps between the different financial institutes and to support the existing financial system, rather than challenging them. XLM has a unique feature that enables it to create a synchronized environment for all kinds of financial networks.

Stellar is a peer-to-peer decentralized exchange area, which uses Lumen as a coin on the platform. Since its launch on the Stellar Platform in 2014, the Lumen (XLM) has developed into the top 20 most popular cryptocurrencies. Stellar, which was launched by Ripple co-founder Jed McCaleb, was initially known as “the Secret Bitcoin Project”. The current market capitalization is $ 11.21B. Over the past six years, the Stellar network has been able to gain the attention of various high-profile enterprises. Stellar is powering apps and payment systems for some of the world’s biggest businesses, like IBM and Deloitte.

Stellar never really achieved any significant growth for years after its launch. However, it started to pick up pace in Dec. 2017, surpassing the $ 0.10 price. In January 2018, the XLM crossed $ 0.50, and in mid-2018, the prices of XLM reached an all-time high at $ 0.8755. Nevertheless, the spike was short and prices soon returned to their standard and were relatively stable throughout 2020. The value of XLM today can by no means be compared to what it was worth in 2018. It has increased significantly compared to the first couple of years of its existence. Recently, Stellar has become the 19th-largest cryptocurrency and one of the best-performing coins among its peers.

We’ve recently seen a sharp jump in the price of XLM, thanks to talk of a takeover of payment processor Moneygram. XLM has been suffering badly in the current market downturn and this potentially bid, could be a catalyst for a move out of the downtrend.

However, as the market has rolled over in the past few months, XLM has fallen back to $0.25 from its most recent highs of $0.80.

XLM/USD Price Prediction for the Next 5 Years

The year 2020 was a unique year for Stellar, due to the coronavirus pandemic and the economic crisis. Both global and internal factors kept driving the value of XLM in 2020. In April 2020, the Stellar Lumens Foundation released its report for the first quarter of 2020, showing remarkable ecosystem growth. The report suggested that the total usage of Stellar Lumens and the transaction volumes had increased in Q1 of 2020 compared to Q4 of 2019. However, the total number of registered Stellar accounts decreased by about 1.79% between Q4 2019 and Q1 2020. This means that the increased activity in the transaction volume was due to the existing users.

Throughout the first quarter of 2020, an increase of 113% in Stellar’s daily operations was reported. Another event that supported the Stellar Lumens was the use of the company’s network by CoinQvest for the processing of international payments. This enabled a faster and cheaper transaction process, as Stellar was able to move millions of dollars in just a couple of seconds, and at the price of just a few pennies. This made Stellar very cost-effective for both the sender and the recipient, despite them being separated by thousands of miles.

In July, the company announced cooperation with Samsung, which enabled Stellar blockchain access on Samsung Galaxy smartphones. The owner and creator of Stellar, Jed McCaleb, reported that they had a partnership with 30 banks and ventures, and this also contributed to the strength of Stellar Lumens. XLM was trading within the $ 0.08 – $ 0.10 range until mid-November. However, the prices moved both up and down at the end of the year but closed the year on $ 0.12.

During the early weeks of 2021, the Stellar Lumens saw a surge in its demand as traders started moving from Ripple (XRP) to Lumens (XLM). The Ripple was going through difficult times due to SEC lawsuits, which forced the traders to move to the Stellar blockchain payment network. Furthermore, Stellar started cooperating with the Ukrainian government to digitize their national fiat currency, which boosted the strength of Stellar Lumens. January 2021 was an excellent month for Stellar as, during this month, the value of XLM increased by roughly 60% in the last few days of the month. Recently, Stellar hit its highest level in two years, at $ 0.40, and this hike in the Stellar prices placed it on the Top 10 list of the world’s biggest cryptocurrencies. The outlook for Stellar throughout 2021 and upcoming years appears to be bullish and may lead its prices towards the most recent highs and the above the $1.00 level. However, the following factors might play an essential role in deciding the movement of XLM/USD in 2021.

Factors Affecting the Stellar Lumens:

Social Impact – Being a non-profit organization, it is a bit unusual that Stellar is in the crypto market. The Stellar organization has no plans to operate its functions for monetary reward, but the goals of the organization include eliminating poverty and financial inclusion of bankless individuals. As a result, social impact plays a vital role in the value of the XLM. Because the Stellar Organization has had little impact so far, and because of their social mission, most people ignore investing in Stellar Lumens. Along with IBM, Stellar has taken up a South Pacific project to provide financial services, especially on remote islands. Stellar has been actively taking part in such projects, and has come into the spotlight, which means that, in future, good things can be expected from the Stellar prices.

Competing Coins – Bitcoin is one of the kings of cryptocurrencies, and also a market leader. Many altcoins have tried to dethrone it, but they have failed every time, as Bitcoin has a huge market impact. Most of the cryptocurrencies correlate positively with Bitcoin, including Stellar, which means that any changes in Bitcoin will affect the market and the Stellar prices. Furthermore, the Stellar is also known as a hard fork of Ripple (XRP), due to the similarity between the two coins. Altcoins are perceived to be strong competitors, which means changes in Ripple can easily alter the prices of XLM. This implies that the prices of both Bitcoin and Ripple should also be considered when projecting the Stellar Lumens price.

Adoption – Stellar has a very similar platform to PayPal, and this feature of Stellar makes it ideal for micropayments, overseas transactions and currency exchanges. The Stellar organization aims to become the mainstream platform for digital payments and currency exchanges. Recently, Samsung has formed a partnership with Stellar, and with the increased adoption of high-profile businesses, the value of the altcoin is expected to go up soon, as adoption will increase the demand for Stellar, which will ultimately raise its prices. Stellar’s current outlook suggests that Stellar is paving the way to becoming the go-to platform for digital payments, and its adoption is likely to increase, raising the prices of XLM soon.

Market Forces – The entire crypto sector has seen quite a bit of weakness over the past few months and it has fallen from highs of around $0.80 to where it is currently trading at $0.25. Over that same period of time Bitcoin has dragged the entire market lower with its price falling by 50% and at times even more than that.

Moneygram Takeover Rumours – Recently, we’ve started hearing reports that Stellar Development Foundation (which is a part of Stellar Lumens) is looking to acquire payment processor Moneygram in what would be a big move by the company. Moneygram has most recently been in partnership with Ripple utilising their XRP token, however, this ended with the SEC lawsuit against Ripple. Initially, price jumped higher on the news of the takeover, but as yet, we are still waiting for further clarity. XLM is one of the leading tokens for payment processing, with fast speed and low-cost transactions one of its strengths.

Technical Analysis – Brace for a Bearish Correction in XLM/USD?

As of October 18, 2021, Stellar is selling at $0.39, in terms of the USD, with a 0.54 percent price movement within an hour. XLM has a market capitalization of $9,366,141,809, with a 24-hour trading volume of $1,044,888,269.00. Stellar (XLM) is now ranked number 22 in the cryptocurrency market.

If you are a crypto investor, you may be wondering what the Stellar price prediction for the end of 2021 is, or what Stellar will be worth by the end of 2021. Is Stellar a decent investment – should you even buy it in 2021? Will the price of XLM surpass its all-time high? These are our Stellar price forecasts for XLM.

According to our Stellar price prediction and technical analysis, the XLM price is predicted to cross an average price level of $0.42 in 2021, with the minimum price value for Stellar expected to be $0.40 by the end of the current year. XLM could reach a maximum price of $0.43.

Stellar (XLM) Price Prediction for November 2021: The price of Stellar is expected to be about $0.36 in November 2021. The price of Stellar could reach a maximum of $0.41, with an average trading value of $0.40.

Stellar (XLM) Price Prediction for December 2021: The price of Stellar is expected to reach an average monthly limit of $0.42 in December, with the currency trading between a high of $0.43, and a low of $0.40.

Tether (USDT) Price Prediction for 2023: Tether Market Cap hit an $80B market cap

Tether being a stable coin has made significant changes since 2012 as it started as Liberal White Paper to a stable coin in 2014. Due to market drastic changes that have led to various fluctuations since June 2022, Tether as well fell on the same track.

Tether is regarded as the most known stable coin and among the biggest cryptocurrencies across the world. Therefore, it is easy to trade and much appreciated in the world. Since the last year 2022, after the crypto backlash in the cryptocurrency market, Tether maintained a market trade of $1.0010 in June 2022 to $0.99962 in December 2022 which kept fluctuating at that rate.

However, in 2023, there have been a significant rise and fall in prices in the Tether crypto trade. 23 May 2023 Tether traders at $0.97106 after a fall from $1.0069 on 12th January 2023. This shows that Tether is quite appreciated by crypto traders and is stable enough to maintain the market despite the drastic changes.

In the future Tether (USDT) is expected to rise due to the rise of other crypto coins affected by the market change. Also, tether being a stablecoin is not expected to fall much as evaluated from the previous years. Therefore, a high possibility is to rise by a significant amount or maintain its price value of between $1.0010 to $0.99956 throughout.

Daily updates will always be experienced to keep up to date on Tether (USDT) in the crypto market. Its growth limit is not much predicted due to Tether’s consistency in the market.

Tether (USDT) – Forecast Summary

Tether Forecast: H1 2023
Market Cap: $83 B – $100B
Price drivers: USD performance, COVID-19, Crypto market sentiment

Tether Forecast: 1 Year
Market Cap: $150B – $200B
Price drivers: FED, US economy, Cryptocurrency market

Tether Forecast: 3 Years
Market Cap: $300B – $400B
Price drivers: Crypto market, Tether Adoption, US and global politics

Tether USDT started life in 2014 as StableCoin and then changed its name to its final version Tether. In fact, it started as a white paper in 2012 by J.R. Willett which was published online in January 2012. Tether itself was co-founded by Brock Pierce, Reeve Collins, and Craig Sellars. Tether was a new cryptocurrency on top of the Bitcoin Protocol but it has been adding new networks where this cryptocurrency is accepted for transactions and it is expanding further, with the massive expansion of the Decentralized Finance DeFi ecosystem, to other blockchain networks.

Tether is one among a strange breed of cryptocurrencies considering the way that most cryptocurrencies have been going in the last year, increasing massively in value as they turn into safe havens. Tether hasn’t moved a bit, but that’s the reason Tether is different is a stablecoin, some of which don’t really change in value since they are either pegged to a fiat currency or are handled/manipulated the same way a central bank does, keeping them from fluctuating in value. Tether USDT is pegged to the US Dollar, at the rate of 1:1, as Tether LTD. claims, which is where it has been trading most of the time.

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Current [[USDT/USD-name]] Price: [[USDT/USD-price]]

Recent Changes in the Tether Market CAP

Period	Change ($)	Change %
1 Month	+9.43B	-24.3%
2 Months	+14.56B	-42.2%
3 Months	+24.08B	+49.2%
6 Months	+33.18B	+220%
1 Year	+42.52B	+647%

Factors Affecting Tether

Since Tether is a stablecoin, with a fixed value to the USD, the main factor for its price in real money follows the price of the USD. The USD has been on a major bearish move since March 2020, with the coronavirus proving to be a negative event for the USD, which in turn was negative for Tether, since it declined in value compared to other fiat currencies, or other cryptocurrencies. The market capitalization keeps increasing by the way, as it moved above $40 billion recently, as shown by the chart above, but that has more to do with the adoption of Tether the expansion to more crypto networks and the expansion of the DeFi market.

USDT Live Chart

[[USDT/USD-graph]]

Tether Price Prediction for the Next 5 Years

Tether As A Stablecoin Cryptocurrency

Stablecoins have appeared with the increasing popularity of cryptocurrencies in the last decade or so. They are centralized currencies, issued by a certain company, run on the decentralized blockchain network. The Stablecoins are pegged to a physical fiat currency, either by way of allocating a fixed amount of the fiat currency for a corresponding amount of the Stablecoin, which doesn’t have to be exactly the same if the peg is not 1:1, or by manipulating the Stablecoin to remain as close to the desired exchange rate as possible, by issuing or extracting such coins from the market, in order to increase or decrease its value. So, while other cryptos use Proof of Work (PoW) or Proof of Stake (PoS) to issue cryptocurrencies, Tether uses the Proof of Reserves (PoR) inventory process.

Tether falls in the first category of Stablecoins which are allocated a fixed amount of cash to keep it, well, stable, hence the name. USDT is issued by Tether which aims at keeping the conversion rate at 1:1 with the USD, so it has to keep the amount of USDT in circulation corresponding to an exact amount of real USD more or less. It’s for this reason that Tether keeps adding to the USD reserves, as miners keep minting new Tether coins. USD Tether is considered a Dollar cryptocurrency, while there is also EURT. Being pegged to a real world currency protects crypto holders, particularly those who want to use them for everyday purchases, from extreme volatility, as we have seen in the crypto market since Q4 of last year.

Why Choose Tether and Stablecoins?

With the emerging and eventual growth of the cryptocurrency market, considering its extreme volatility, the need for steadier digital currencies arose and Stablecoins appeared. Initially it was Tether which came out, but then other Stablecoins came to life, such as the USD Coin (USD), True USD (TUSD), Pazos Standard (PAX) etc. Tether is undoubtedly connected to BitFinex, since the same people who stand behind this crypto exchange such as Philip Potter and Giancarlo Devasini, are also closely connected to Tether, while the CEO of Tether is JL Van Der Veld/.Tether is also accepted as a cryptocoin in other exchanges like CoinSpot, Binance, Kraken, etc, which makes it easier to use or exchange for other cryptos. Tether tokens now exist on more than eight blockchains, such as Ethereum, Bitcoin Tron, OMG Network, Solana, etc.

Tether Price Stability

Although the main reason that Tether and other stablecoins appeared was to avoid the madness in the cryptocurrency market, this market has been really volatile, which has only increased in recent months. Since 1 USDT corresponds to $1 in reserves in Tether and the price follows that of the USD, the volatility is insignificant compared to other normal cryptocurrencies. The price stability that Tether provides is also useful for trading cryptocurrencies, rather than using one for another. But, the price stability is even more important for normal crypto users, who use it to buy and sell everyday products and services, either online or in normal shops.

Transaction Fees

Another hurdle that people usually face comes from transaction fees, which are considerable in value for larger amounts and as a share of the funds being transferred, especially for smaller amounts. SWIFT (Society for Worldwide Interbank Financial Telecommunication) transfers start from $20 in fees and go upwards, in many cases averaging around $40-50 for smaller amounts, since it takes two banks usually to process the transfer the intermediary bank and the receiving/processing one. Other methods of payment are even more expensive. To mention a few are Western Union, PayPal, MoneyGram, etc, where you will have to pay hundreds of Dollars/Euros for transfers. With Tether, the transaction charges are close to zero, with only standard blockchain network fees applying.

Transaction Times

The transaction speed was another reason that cryptocurrencies were born, which is helping them become increasingly popular. The average transaction speed for bank transfers varies between two and four working days, which including weekends and other bank holidays, can take up to a week. With Tether, transactions only take a few minutes, meaning that funds can be withdrawn by the other party pretty quickly and goods or services can be delivered within minutes. This helps different fractions of the society, such as traders, goods and service purchasers, etc. that need to move funds around fast. It can make a big difference between moving funds in a few seconds/minutes or a few days in the digital world nowadays.

Tether Adoption Expanding

Tether started as a simple idea in the beginning, with USDT (US Dollar Tether) at a rate of 1:1 as we mentioned, now there are EURT (Euro Tether), CHNT (Chinese Yuan Tether) and XAUT (Gold per ounce Tether). It is also one of the stablecoins with the widest reach across different blockchain networks, such as Bitcoin (BTC), Ether (ETH), Tron (TRX), EOS, Solana (SOL) and Bitcoin Cash (BCH).

Tether is adding new block-chains to the list, which include Polkadot and Kusama. That will further expand an already significant list of adopters which we mentioned above. Paolo Ardoino of Bitfinex said that the decision to release Tether on Polkadot was done with decentralized finance in mind:

“Our integration with Polkadot serves to support the decentralized finance ecosystems that are growing across blockchains. There has been notable development in Web 3.0 technologies, and we look forward to helping them unlock the internet of value.”

Kusama is a “canary network” of Polkadot, so Tether will launch on Kusama as a test before deploying on Polkadot. Kusama is expected to lead the way in implementing new protocol upgrades. Although Polkadot will launch para-chains a few weeks before Tether being launched on the Polkadot network.

Technical Analysis – The 20 SMA Can’t Catch Up With the Market Cap Value

The 20 SMA can’t catch up with the market cap anymore

When we analyze Tether, or USDT to be more specific, we should take a look at both the USDT market cap chart, as well as the USD chart. Looking at the daily USDT market cap chart, we see that in the first several months the market cap was growing slowly, but then the adoption of Tether increased as the DeFi increased as well. In May the trend started picking up pace, as the cryptocurrencies started acquiring the safe haven status and now Tether’s market cap extends above $45 billion. The intervention to increase the USD reserves has increased over time and the trend is gaining further momentum, with the 20 SMA (gray) unable to catch up with the price since the beginning of 2021.

The 100 SMA is acting as support for the DXY now

Regarding the USD, we see that the DXY index has been bearish since the middle of March last year. The increased political and social instability in the US during last year turned traders away from the USD, which kept declining. The USD index DXY fell from around 103 points to below 90 by early January this year. Although, it has completed the three bearish waves down and since January it has been increasing. The price moved above all moving averages on the daily chart, which was a bullish sign and the USD stopped declining. But, April has been bullish again for the USD, as the price is falling below the 200 SMA (purple). This might be a retrace before the bullish move resumes again, since fundamentals are only getting stronger in the US, but buyers will have to push above the 95 level which has acted as support and resistance before, in order to continue the long term trend to turn bullish completely. At least, the 100 SMA (green) is holding as support for now.