Bytecoin BCN Price Prediction for 2020

The Bytecoin team believes Bitcoin’s on-chain transactional privacy is insufficient for a widely used, peer-to-peer value transfer network. Borrowing the CryptoNote white paper, Bytecoin implements one-time ring signatures that enable complete transactional unlinkability between network participants.

Unlinkability is one of two primary transaction data privacy goals for Bytecoin, the other being untraceability. Bytecoin believes Bitcoin does not sufficiently if at all, meet these privacy requirements, and they aim to build a protocol that does.

Bytecoin BCN Price Prediction for 2020

BCN Roadmap for 2020
You can see the full roadmap for BCN here. It is generally a list of technical updates, improvements and tweaks around their reference client. In the second part of the year, there are plans for some new innovations and features like Gateway technology, the technology required to form a bridge between Bytecoin and another blockchain and Copper v3.6.0 that will bring messaging functionality to Bytecoin.

Our BCN Price Prediction for 2020

BCN, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, BCN can hope for one as well. Since a strong Bitcoin move in 2020 is very likely, we can expect some swings and moves upwards by BCN as well. So 2020 will be a year of potential big moves (more likely upwards) and we can see Bytecoin at least doubling its end of 2019 price value. Of course, we speak about BCN price denominated in USD. In terms of its BTC value, it is more likely that BTC will outperform it and Bytecoin will be worthless Satoshis by the end of 2020.

The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, they are useless for the market.

With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data-driven guesstimate.

Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the BCN price, which will give us another point of view to consider:

Wallet Investor
Walletinvestor is a popular website that does technical analysis-based price predictions of various cryptocurrencies. According to them, BCN is expected to grow to $0.0029 per token in one year. That is a highly optimistic and surprising prediction.

Cryptoground
Cryptoground predicts that BCN might drop to $0.0006 by the end of 2020. They even added their version of BCN price prediction 2024, which is more optimistic, where they stated that BCN might reach $0.013 by 2024.