As the cryprocurrency recovers, what is your expected ROI in 2020?
As a holder of Ripple XRP and ETH, which underperformed in 2019, I am anxious to see if we will have a turnaround in 2020.
We get approximately 2% interest on our Steem Power, so there is that. Staking rewards in the cryptocurrency space can be variable and may change.
I expect at least a 30% ROI based on the undervalued price of STEEM at $0.12 and see Bitcoin and the greater cryptocurrency market recovering nicely. The recent increase in the Bitcoin hashrate to record highs and geopolitical instability bode well for Bitcoin. I see Bitcoin hitting at least $25,000 within 6-months of the rewards halving, which will occur in November of 202o and is historically the best performing month for Bitcoin. Great timing, right?
Short term price is hard to predict, and I see a pullback from the $8,000 level. It may be best to hold now as instability and volatility increase.
So what is your expectation? Steemit got a facelift that makes it look alot better! That helps.
Pictures from Pixabay.