The 'fintech' gurus predict that bitcoin will rise 150% this year
The gurus of the 'fintech' are clear that the cryptocurrencies will continue making noise this year. It matters little the fall of more than 50% that bitcoin has suffered since the December highs, nor the increasing uncertainty about the future of digital currencies, because the gurus are still betting on the rise and see a revaluation for bitcoin of 150% End of the year
According to the July report on Cryptocurrency Predictions prepared by Finder, the 14 of the Fintech leaders interviewed have provided their predictions about the expected behavior in 2018 on the 10 most important capital markets and the 3 most popular cryptocurrencies.
Of the 13 currencies, these panelists predict that TRON (TRX) will experience the greatest growth by December 31, 2018 (342%). The TRON price was $ 0.039 per unit on June 18, and is expected to reach $ 0.173 by the end of the year.
It is expected that Cardano (ADA) has the second best performance in terms of price increase for December 31 (299%), followed by EOS (EOS) (246%).
In relation to Bitcoin (BTC) it is predicted to reach $ 15,372 by the end of the year, a little more optimistic than the June prediction of $ 14,638. Once again, this is what half the panelists predicted in January, $ 33,000.
Monero (XMR) is expected to see lower growth by the end of 2018 with only 66%. This is the second month in a row that our panelists have predicted that Monero will have the lowest growth by the end of the year.
In the short term perspective as of August 1, 2018, TRON (TRX) and Cardano (ADA) are once again expected to be the ones with the highest increase (207% and 85% respectively). The lowest growth will be IOTA with only 1%.
Comparing the perspective of the bitcoin capitalization market (BTC), Bitcoin Cash (BCH) and Ethereum (ETH) - the only 3 of the 13 currencies with reported numbers available - bitcoin (BTC) is expected to have the highest growth in order to year (155%). This followed by Ethereum (ETH) with an increase of 112%, and Bitcoin Cash (BCH), with an increase of 97%
Bitcoin
As of June 28, 2018, the bitcoin price was $ 6,154. Genson Glier, CEO and co-founder of BlockToken predicts the highest price for August 1, 2018 with $ 11,500. Regarding the overall performance of bitcoin during 2018, two panelists agree on the highest prediction of $ 25,000, Alisa Gus CEO of WishKnish and Joerg Molt CEO of Satoshi School.
Gus comments: "Right now the currency is suffering, because the market has realized that it is not working well as a mechanism of stock or transfer of funds and until this sentiment is reversed, it will be difficult to resume a bullish position. " The lowest price prediction for bitcoin is $ 8,000 by technologist Joseph Raczynski, who comments, "Bitcoin is going through an existential crisis."
The amount of bitcoins that are expected to circulate at the end of the year is 17,453,725, based on 1,800 mined coins per day. From here, we can calculate the average market capitalization for December 31, 2018. Based on the predictions of value by currency by the end of 2018, by our panelists, the market capitalization planned for bitcoin at the close of 2018 it is $ 268.3 billion.
Ethereum
Ethereum's price as of June 28, 2018 was $ 442.18. Our panelists forecast that it will reach between $ 360 and $ 750 by August 1, 2018. By the end of the year, Ethereum's price prediction is that it will increase by 104%, all except one of our panelists predict positive growth with respect to Actual Price.
The highest prediction for December 31, 2018, is from Aaron LePoidevin, advisor at Every Capital, with a mark of $ 1,250. He says, "the clarification of the SEC should be useful in the long term both for ETH and for the cryptoactive ones more generally." The lowest prediction is that of Calvin Weight, which predicts a fall from its current price to $ 420.
Weight explains, "Ethereum is scheduled to have a 9% more coin issuance by the end of the year.The chain is also struggling with the large number of full nodes in operation.I think these tensions in the economy, along with the training of the current chart, will cause problems in the price during the next month. "
The amount of Ethereum expected to circulate by the end of the year is 104,362,999. Based on the currency value forecasts for December 31, 2018, by our panelists, a market cap of $ 94 billion is projected for Ethereum by the end of the year.
Cardano
As of June 28, 2018, Cardano's price was $ 0.128 per unit. It is expected to reach $ 0.237 by August 1, a change of 85%. The panelists predict that it will grow, taking the second biggest rise among the currencies by the end of the year with 299%.
The highest prediction for the end of the year is from C2Legacy Technologies, Marie-Antoinette Tichler, who says it will be worth $ 2. In contrast, the lowest is from the CEO of Coinbook CEO, Calvin Weight, which expects it to reach $ 0.15. Weight comments, "Cardano has experienced his first cycle of turmoil, with an explosive growth at the end of the year, being a relatively new currency and without much competition, Cardano will have problems during the end of the year."
Litecoin
Litecoin's unit value was $ 80.75 as of June 28, 2018. Panelists predict that its price will range between $ 60 and $ 97 by August 1, 2018. By December 31, 2018, the price of Litecoin is expected. increase by 90%, to $ 153 on average. The highest prediction is from Tichler, which he expects to reach $ 250 by the end of the year.
In the middle, Weight is forecasting a Litecoin jump to $ 165 by December 31, 2018. He comments, "Litecoin is a hidden gem that will have greater recognition by the end of the year."
Source :finanzas.com