Crypto market is currently in a prolonged bear market and “The big question on everyone’s lips is: What will these coins be worth in the future?”
Cardano to be the Game Stealer
According to Finder’s this monthly analysis of cryptocurrencies’ price predictions, 10 panelists predicted the price movement of 13 coins including the top ten cryptocurrencies by market cap and three top trending coins.
By this month-end, Cardano is expected to have the biggest surge of 54 percent to $0.06. “More positive comments coming from this corner, though it’s more of a good from my vantage point. It’s come down a bunch,” said Joe Raczynski, Futurist and technologist at JoeTechnology.com.
The highest price prediction for Cardano by this month end is $0.14 while $0.04 is the lowest number. This coin is also expected to experience a healthy 260 percent increase by the end of 2019.
Just recently, Cardano Community announced that Cardano roadmap will be changing that will showcase Cardano 2020 vision after the IOHK Summit, to be held on April 17-18.
What about other coins?
Bitcoin is expected to stay around $3,500 over the next month while could end this year at $6,549. “There is some volatility in the short run that will probably see the value stay roughly where it is,” said Co-Pierre Georg from the University of Cape Town. While Joe Raczynski says, “Bitcoin continues to drift around the $3K range. As it stays here, its stability will at some point foster positive gains as development continues.”
“Ethereum, without the proof of stake, will have it hard for at least a year. After the Constantinople hard fork, which might take place in February, it can have an unpredictable price too,” shares Ajay Kumar Shrestha, from the University of Saskatchewan. A lot of faith has been put into the upcoming Constantinople like Brendan Markey-Towler of RMIT Blockchain Innovation Hub, that could mean “steady gains in its value, reflecting its increasing technological scope.” Ethereum is predicted to be around $115 over the next month.
A short-term price decrease is expected in Litecoin price at $28.79 as “LTC and all other cryptos are directly proportional to bitcoin’s price.” As a silver to Bitcoin’s gold, it is expected of Litecoin to echo BTC’s movement, however, Litecoin Foundation has been lately working on adding privacy and confidential transactions feature and Mimblewimble implementation.
For XRP, Joe Raczynski and Alisa Gus think the recent downturn could be followed by long-term certainty. However, Raczynski notes that “If it gets some legs under it, it could easily bounce, or simply continue its beleaguered ways.” The average price prediction of XRP for March 1 is $0.32 and $0.44 by year-end.
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Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.