Although unpredictable, the crypto market surprised us all when various digital coins reached all-time highs, writing rags-to-riches stories in a manner of months. Now things are different, a cold breeze is passing through the crypto market with no signs of another bull run.
However, experts have another opinion on this topic as they iterate that 2023 and 2024 are the years when the crypto record will be broken.
Even though Ethereum and Bitcoin get the most attention, there are other cryptocurrencies worth exploring. Expert investors always keep a close eye on other coins that bring fantastic features to the table, and one such coin is Peercoin (PPC).
Let’s take a look at Peercoin’s features and its future below.
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What Exactly is Peercoin?
Peercoin is one of the first digital coins to be backed by groundbreaking technology that supports both Proof-of-Work and Proof-of-Stake. This modus operandi allows the whole network to seamlessly operate even if mining drops significantly.
Besides that, the Peercoin development team had set out with the vision to create one of the coins that completely encapsulates the definition of decentralization. And they achieved all of their outlined goals thanks to the hybrid consensus technology.
Besides that, Peercoin is a lot faster than Bitcoin when it comes to transactions. While Bitcoin takes around an hour for a transaction to be completed, Peercoin only needs about 8 minutes.
But, enough about its features, let’s take a look at Peercoin’s future.
Peercoin Price Predictions in 2023
Generally speaking, 2022 was a very uneventful year for crypto enthusiasts. That’s of course if we don’t take the massive crash into account. Thousands of crypto investors lost fortunes on the market when the crash occurred, but this does not in any way mean that the crypto market is over.
The predictions for Peercoin in 2023 are quite optimistic. It’s expected that the coin will reach more than $1.50 in value. PPC’s value currently hovers around the $0.40 mark and if the predictions are right, you can expect to make a lot of profits if you get in the game right now.
Of course, invest at your own discretion, and don’t forget to conduct thorough research before reaching for your credit card.
Playing the Long Game
For investors that are interested more in long-term Peercoin investments, 2024 and 2025 will look fairly similar to 2023. The performance of Peercoin will remain the same and its value is expected to be around $1.50. However, as 2030 starts approaching, you can expect to see Peercoin break records in value.
PPC prices in 2030 are expected to break the $2 mark and continue to rise after they reach that milestone. However, you should take all of this with a grain of salt as there’s nothing more volatile than the crypto market.
Before making an investment, always make sure that you are investing funds that you can afford to lose. Trying to replicate the crypto high rollers might cost you your financial stability.
Why Investing in Peercoin is a Good Idea?
The main reason why you should consider investing in Peercoin is its potential. While its price is not as dynamic as investors expect it to be, it still serves an enormous purpose. Nowadays, problems with inflation are more common. Putting your funds in the bank seems like a gamble not worth taking and stacking them under the bed is outright dangerous.
So, the best hedge against inflation is assets such as stocks, real estate, and crypto. Of course, it’s your own personal prerogative to choose which way you are going to use your money and how you will protect them as well.
However, if you choose to invest and trade in crypto, make sure that you are using only the most reputable crypto exchanges online. It’s also worth mentioning that some of these exchanges have demo features where you can sharpen your trading skills and perfect your strategy.
Even if Peercoin is not a household name in the crypto universe, it has all the potential to reach that status. Experts predict that with time, this coin will grow in value and that it will hit significant milestones by 2030.
That said, if you want to invest and have a hedge against inflation, look into Peercoin as its easy-to-enter price is perfect for helping you achieve just that.