According to Greg Adams who is the owner of blokt.com 2018 it would be quite good for cryptocurrencies. He, however, adds that he does not expect Bitcoin to outperform in 2018. He thinks that in the future, Ethereum may be able to deliver the best returns.
He also adds that he does not believe that Bitcoin would actually die. Rather, he believes it would be stagnant at current levels.
According to him, there are many other projects that can easily collect steam this year. One of them is Ethereum.
He also added that Bitcoin is actually a rather old cryptocurrency. There are many other technologically more advanced cryptocurrencies than Bitcoin. He believes that the value of Ethereum would go up to around $ 3,000 and would go to around $ 7,000 within 3 years.
With the help of the new technologies developed on the Ethereum platform, the value of Ethereum will certainly rise in the future.
SEE ALSO: Bitcoin Price Predictions 2018: How high is the price of Bitcoin in 2018? Up to $ 1 million or up to $ 100? (Detailed analysis)
Develop a platform:
Ethereum is much more than a cryptocurrency, unlike Bitcoin. Ethereum is actually a platform used by many ICOs and other companies. In addition, many Fortune 500 companies are trying to use and develop applications related to Ethereum's blockchain.
The use of the smart contract mechanism is also increasing the value of Ethereum. This is one of the main reasons why the potential of Ethereum is quite large.
However, one thing that must be well understood is that Ethereum is not the pioneer when it comes to cryptocurrency. That's why many of the cryptocurrency fans think that Ethereum may not be able to outshine Bitcoin. Moreover, the projections of Bitcoin are quite rosy in 2018. Many of the enthusiasts think that Bitcoin would get around $ 50,000. If this were to happen, the market capitalization of Bitcoin would still be higher than that of Ethereum.
One thing is certain that most experts expect that next year would be quite interesting for cryptocurrencies. They are also predicting that the return that most cryptocurrencies would give would be astronomical. It remains to be seen whether such returns are possible in 2018 or if the cryptocurrency market remains subdued.
Forecast of Ethereum
Ethereum has had a rather difficult year, but will this situation continue? What value will Ethereum have by the end of 2019? Will the price of Ethereum rise to levels never seen before? Or are we in another bear year? Many cryptographic experts believe that with the adoption of blockchain, the price and reputation of Ethereum will increase accordingly. Here are some predictions on Ethereum prices.
Matthew De Silva: close to zero
Matthew De Silva, a journalist for Quartz's cryptocurrency, announced his price forecast in September, after prices crashed at $ 179.
The argument that De Silva has made is that Ethereum is reaching its natural state, which, according to him, is close to zero.
Joseph Raczynski: Ethereum will hit $ 1,200 by the fourth quarter of 2019
Joseph Raczynski, founder of JoeTechnologist.com and key blockchain influencer with a Twitter follow up on 153K, expects the value of Ethereum to reach $ 1,200 by the fourth quarter of 2019. He attributed his projection to the popularity of the Ethereum concept demonstration among institutional investors. He also added that the network has the largest community of developers.
"They are one of the most real projects to date – almost all large organizations are testing on this platform," Raczynski said.
Tom Lee: $ 1900 by the end of 2019
According to Tom Lee, head of research at Fundstrat Global Advisors, Ethereum stands for strong rally, pointing to its recent heavy losses and stating that the digital currency is well positioned for a recovery.
While Lee could be very bullish on Ethereum's price forecast, Tim Enneking, CEO of Digital Capital Management, does not agree.
He said that such a price move is highly unlikely. "There are no drivers that push the ETH to 40% beyond its previous historical maximum," he added.
Nigel Green: $ 2500 with a further increase in 2019 and 2020
The deVere Group CEO believes that the price of Ethereum will increase significantly and could reach $ 2,500 with a further increase by 2019 and 2020.
This overall recovery will be powered by three network pilots. First of all, more and more platforms use Ethereum as a means of negotiation. Secondly, the increase in the use of smart contracts by Ethereum. And thirdly, decentralization of cloud computing, "said DeVere.
According to DeVere, there will be several key motivators that will fuel a resumption of encryption prices, which will include the increasing integration and adoption by major banks and other financial institutions.
"Another key reason for the rally is that there is a growing awareness of the need and demand for global digital currencies in a digitized globalized world," said Green. "Ethereum can be expected to consolidate its position as the second most valuable and used cryptocurrency token in the world.
Brian Schuster: $ 10,000 or even $ 100,000 if he replaces gold as a store of value.
The head of Founder Solutions at Ark Capital LLC presents an extremely bullish picture of Ethereum that reaches $ 100,000 per currency. The definitive substitution of gold with cryptography was discussed endlessly by a number of other market observers, although bitcoin is seen primarily as the preferred substitute currency.
"And if you believed that Ethereum is less like a single business and more like a store of value, like gold? This gives us a potential market capitalization of around $ 10 trillion, leading us to believe that the price of Ethereum It could go up to $ 100,000 per currency, and we could go one step further and say that Ethereum is not a resource, but a resource to replace all existing currencies, "said Schuster.
Schuster also argues that the appearance of the Ethereum platform could eventually lead it to become a sort of mother-currency for all future digital currencies, and this in a world where digital currencies are the norm.
Jeff Reed: Ethereum is more valuable than Bitcoin
The author of cryptocurrency and market observer Jeff Reed points out that Ethereum is a safer long-term bet than Bitcoin.
"Like Bitcoin, there is a small stoppage of Ethereum from being an alternative currency to fiat currencies and commodities. It is possible to trade anything using Ethereum, but this is not the strength of Ethereum compared to other cryptocurrencies: everyone can do it. It is rather the computer language that allows for the existence of smart contracts that make Ethereum more valuable than BTC, "he said.
Reed does not provide a forecast or a price schedule, however, according to him, the market is reduced to Ethereum, which ultimately overtakes with Bitcoin and captures its higher price position.
Bitcoin Price Predictions 2019: How high is the price of Bitcoin in 2019? Up to $ 1 million or up to $ 100? (Detailed analysis)
Bitcoin prices in 2018 had been marked by a volatility that made short-term bitcoin price forecast a bit of a challenge, even for experienced analysts.
The story generally has a way of repeating itself, but the bitcoin has a lot of history that makes it an equal challenge to predict which story will be repeated. It takes a lot more than a study of past trends to get timely predictions right now and so we closed this article by highlighting some area experts who were watching.
Analysts, enthusiasts and industry figures have very divergent views and forecasts on both long and short-term bitcoin prices. Optimism is still high in many quarters – reports from a new survey among UK financials suggest that a large majority will buy more coins in hopes of a resumption of prices by the end of the year.
As we delve into who's saying what and why, here's a heads-up. Expect many more price fluctuations in the meantime. It will be a bumpy ride to get anywhere Bitcoin is in the lead by the end of the year.
Here are some predictions on Bitcion for 2019.
Mitch Blakeway, Head of Trading at Quantatex
"We expect a high degree of volatility in the near future.
"A high level of Bitcoin has recently been moved from the cold store to hot storage by important factors of influence in the cryptocurrency market, which means that investors who have the opportunity to move the market are gearing up for trade This could mean shifts of more than 10% in both directions.
"There are significant levels of support and resistance with support around the $ 2,850 level for Bitcoin and resistance around $ 4,000, so a break below $ 2,850 or above $ 4000 could lead to a push in that direction.
"We believe that Bitcoin will eventually shake off the recent weakness of 2019 and expect the price to reduce the $ 20,000 record by December 2019. This is justified on a number of fronts.
"We expect a Bitcoin ETF to be authorized by the SEC in 2019. We anticipate the continued adoption of certain cryptocurrencies like Ripple (XRP) by banks in 2019, which will have a positive effect on Bitcoin given that other cryptocurrencies tend to be "pegged" in Bitcoin.
"We also believe that once the sell-off is over, there will be a modest margin above the current price that will allow us to gain momentum.
"During the dotcom boom, the price of Apple shares rose from $ 1 to $ 4 before" collapsing "back to $ 1. At the time of writing this article, it is now trading at around $ 176 per share, so anyone he fears the worst after the dotcom boom would be lost, while anyone with a bit of courage and foresight would have seen significant returns. "
George Ermakov, responsible for research and development of Crypterium
"Cryptreium's previous research has identified a Bitcoin support area between $ 3000 and $ 5000. At the moment, Bitcoin is actively active in this segment.
"Based on the existence of important key factors such as the launch of BAKKT ICE and NASDAQ futures, 2019 should be positive for price dynamics.
"Technical analysis based on the logarithmic scale shows the expected price levels that the bitcoin can reach in 2019. The bitcoin will probably reach a price of about $ 12,000, which will be an excellent result and may initiate further growth. in 2020. 2020 is close to another important date: the "halving" of the BTC. "
And now some old Bitcoin fashion forecasts.
Surely, Bitcoin is directed – John McAfee
John McAfee, Bitcoin supporter and founder of the famous McAfee antivirus software, is very positive about Bitcoin. He predicted that the price of Bitcoin will reach $ 1 million by 2020 after last year's forecast of $ 7,000, which was exceeded.
When I predicted Bitcoin at $ 500,000 by the end of 2020, it used a model that included $ 5,000 at the end of 2017. BTC accelerated much faster than the assumptions of my model. Now I'm preaching Bircoin for $ 1 million by the end of 2020. I'll still eat my dick if I'm wrong. pic.twitter.com/WVx3E71nyD
– John McAfee (@officialmcafee) November 29, 2017
The Bitcoin Price Prediction Tracker portal, Bircoin.top, did the math and explains that Bitcoin needs to grow daily to 0.4840957034310259% per day to meet McAfee's predictions. Cool, right? However, to reach the goal of McAfee, BTC would have closed the year at just over $ 29k.[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"BTC accelerated much faster than my assumptions about the model, and now I expect Bitcoin to be $ 1 million by the end of 2020. I will still eat my d ** k if I'm wrong" – John McAfee[/perfectpullquote]
Apart from the economy at the base of Bitcoin's limited supply, its forecast took into consideration factors such as the increase in the adoption of Bitcoin and blockchain and the total capital cap of cryptocurrency of about $ 162 billion, which offers ample room for growth.
Expect stability only after 10 years – Kristjan Dekleva (Hedge)
The financial expert based in Switzerland will give us courage for a decade of turbulence before any hope for a stable bitcoin. This suggests that it will coincide with a general acceptance of Bitcoin even in difficult China. This however, not as a fiat substitution but as a valid alternative.[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"In my opinion, it will take at least 10 years to see stability". – Kristjan Dekleva (Hedge)[/perfectpullquote] The finance expert on the Hedge cryptocurrency project sees Bitcoin investments all too similar to the DotCom bubble of the years 90.
[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"In the short term, falls have been driven by emotion and in many cases by misinformation – a small voice can have a big impact …Demand is driven by market speculation, but the absence of institutional investors means that the market is unstable.[/perfectpullquote]
Instability is. The next stop is the prestigious Harvard.
Bitcoin will shrink to $ 100 – Kenneth Rogoff (Harvard Prof and former head of the IMF)
Known for his disparaging remarks against Bitcoin, a former chief economist of the International Monetary Fund (IMF), Kenneth Rogoff poured icy water on the hope that Bitcoin had arrived on the moon.[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"I think Bitcoin will be worth a small part of what it is now if we go out in 10 years from now … I would see $ 100 as much more likely than $ 100,000." – Kenneth Rogoff[/perfectpullquote] Rogoff's prediction is based on his long-held belief that governments will rise up against anonymous virtual currencies such as Bitcoin. The government regulations, according to Rogoff, will burst the Bitcoin bubble but a Bitcoin pioneer on Wall Street thinks on very different lines.
Bitcoin is the future; Fiat has passed – (Tim Draper, Venture Capitalist)
In 2014 with bitcoins for only $ 413, the popular VC, Tim Draper predicted bitcoins to reach $ 10,000 in three years. This came true a month earlier than expected to earn a reputation among cryptographic fans. He said he expected Bitcoin to continue its growth in an interview with Bloomberg last year. Tim Draper has made successful bets with Tesla, Skype and Twitter in the past.
Assuming that this growth takes place at the same rate as the 3-year journey up to $ 10k, we are six figures. Maniacal, right? That's exactly what Draper tries out of Bitcoin's prospects. Now on someone who understands a lot about the bitcoin foundation.
Bitcoin will hit $ 40,000 – Llew Claasen (executive director, Bitcoin Foundation)
Last month, Llew Classen made a bold statement to reassure Bitcoin believers that cryptocurrency is on the right track, in particular, on its way to reaching the $ 40,000 mark. Although his view of some altcoin supporters has not been very encouraging, he made it clear that as something new, the cryptocurrency will be as risky as it is exciting.
Bitcoin will reach $ 320,000 a day – Cameron Winklevoss (co-founder, Gemini)
One of the famous Winkelvoss twins, Cameron Winklevoss recently stated that he could easily see the price of BTC rise by 40% a day. Maybe this year? Not likely The twin said that he and his brother were taking a longer perspective, 10 to 20 years.[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"Bitcoin is currently fixed in the supply, so it's better than poor … it's equivalent to better gold across the board.We think that regardless of price changes over the last few weeks, it's still a very little appreciated resource." – Winklevoss [/perfectpullquote] The fourth richest investor in cryptocurrencies has weighed the bitcoin against gold and has issued a resounding verdict. "We believe that the bitcoin upsets the gold" He said.
Bitcoin will reach $ 1 million – Bobby Lee (BTCC Exchange CEO)
Bobby Lee, CEO of Bitcoin's first Chinese exchange at London Blockchain Week, exaggerated his prediction. Lee said bitcoin will exceed $ 1 million but unlike McAfee, he could see it happen in 20 years.[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]"Bitcoin, I think it will reach $ 1 million per bitcoin … Right now it's 10,000, it will go to 100,000 and then to 200,000, 500,000." – Bobby Lee[/perfectpullquote]
A good number of analysts have also had their opinion even if very few would have been dragged into real forecasts. We have observed a general tendency in their evaluations.
Expect price fluctuations:
In this phase, bitcoins and cryptocurrencies will be strongly influenced by speculations. Even small developments in governments, traditional prices will probably affect prices. Most say that fluctuations are normal and do not affect long-term prospects.
Experts would prefer to make predictions over a longer period. It is more common to have bitcoin price forecasts for 2020 or a 10 to 20 year perspective. While current reality may suggest a bit of sadness, it is worth remembering that the heights reached last year have come amid similar corrections along the way.
Bitcoin will be the standard for virtual currencies.
Although bitcoin may have a limited use case, it has been suggested to remain the king of all cryptocurrencies. It will not be about "which altcoin will exceed bitcoin" rather than how they will impress on their special use cases. It is a fact that the technology behind bitcoin is less sophisticated than many other projects such as ethereum.
Bitcoin as a reserve of value
Little by little, bitcoin is seen more as a store of value than a real currency is compared to gold and other assets. Bitcoin was originally designed as an alternative currency to cash out the unbanked. Most decision-making bodies and financial experts, however, see Bitcoin more as a store of value, a resource rather than a means of transaction.
Many Altcoin will suffer
Part of the process that will lead to the general acceptance of cryptocurrencies will include a cleanup of "useless" cryptocurrencies. A good number of the 2,000 coins will naturally go as their value becomes useless: some, only a fraction of a cent. Brad Garlinghouse, CEO of Ripple and Llew Claasen of Bitcoin Foundation are among those who raise this alarm.
The limited supply of bitcoin, a fixed supply of 21 million BTC, will play a role in its price; if not now, in the future.
External factors will play a significant role
Many observers believe that the external factors that influence the adoption of bitcoins will ultimately determine the price in the short term. The creation and trend of futures markets are expected to pry the price in both ways.
There are still concerns about bitcoins used for illicit purposes
Because of the anonymity of Bitcoin transactions, it was used to conduct illegal activities that give Bitcoin a bad overall picture. This image, according to analysts, will influence its adoption and, ultimately, its future prospects.
Finally, attention to the risk of life savings
Crypto investments are new and super-risky. Remember the ethereum founder who claims that the criptos are so risky that the premiums could actually drop to zero. Well, that does not seem practical but the message was clear. Do not invest the savings of a lifetime in bitcoins or cryptocurrencies in general. Just as John Draper noted, you still need to buy things in fiat. So even if the bitcoin will evaluate much more in the future, it is advisable to invest as much as one can afford to lose.