Weiss assessments have just published a series of seven audible cryptographic predictions for 2019.
The agency, which has provided research and analysis on the financial markets for consumers and businesses for more than thirty years, states that Bitcoin "will rise again and will head towards new historical highs" this year .
The agency says that the price increase will be fueled by the growing profitability of Bitcoin as a solid value reserve and a digital alternative to gold.
"Thanks to the fall in prices in 2018, most of the weakest hands in the market have gone.In the meantime, the strongest and toughest believers have held on hard or even accumulated more Bitcoins."
Weiss claims that a select group of cryptocurrencies including XRP and Stellar could have a significant impact on the banking world this year. And if Ripple succeeds in the long run, Weiss says the company could put XRP on a path to the passage of Bitcoin as the largest cryptocurrency in the world by market capitalization.
"Bitcoin was created to be a new type of digital payment network, but so far it has not achieved this goal.
Meanwhile, however, Ripple's XRP and Stellar are facing the challenge. They have the potential to break down financial markets, remittances, bank transfers and much more.
Ripple's XRP, in particular, aims to destroy SWIFT, the gigantic global banking system. If it succeeds in eliminating SWIFT's market share and even replacing it in some areas, there is the possibility that XRP will eventually become the world's number one cryptocurrency. "
Moreover, the agency plans to recompose the first 10 coins by market capitalization, marked by a number of new arrivals including Holochain and Hedera Hashgraph.
Weiss also predicts that Bitcoin forks will begin to fade into darkness, including Bitcoin Cash, Litecoin and Bitcoin SV.
Finally, the agency sees EOS, Cardano and Holochain as the main candidates to start building a new decentralized version of the Internet.
You can consult the full forecasts of Weiss Ratings here.
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