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Weiss evaluations publish new predictions for what the Crypto community expects in 2019
The cryptocurrency industry has seen two years of wild activity. During 2017, the industry has seen Bitcoin incredibly close to the $ 20,000 market and the altcoins managed to thrive at the same time. However, the following year was a roller coaster that continued to push the various digital assets to a fraction of the maximum. Now, Weiss cryptocurrency evaluations has forecasts for what's going to happen in 2019.
Despite Weiss recognizes the drastic problems with the price in the crypto industry, they have also seen "great progress"In technology during that time, overall, there are seven different forecasts that Weiss Rating has notified the public of. These forecasts include:
"Bitcoin will increasingly be used as a store of value."
Bitcoin is seen by researchers as a simple and effective way to exchange value between two parts. Furthermore, without competition in the encrypted space, Bitcoin he secured their place quite well as "a real digital gold.
"The price of Bitcoin will rise again and will head towards new historical highs".
Although analysts have not said exactly how high the price of Bitcoin will rise again, they have provided the same sentiment that Stacy Herbert has done in their discussion with SWIFT replacement. After bearish flows, Bitcoin it has mainly recovered and pushed towards better prices.
"Select altcoins will increase from relative darkness up to 20 times their previous historical highs."
Together for the tour with Bitcoin, multiple altcoins should increase adoption in the sector. Although it will probably not be at the level that industry has seen in 2017, those with "superior technology" will likely benefit from it, leading to an upward trend.
"A select group of criptos will compete to create a new type of internet."
Based on the information gathered by the team, projects such as EOS, Cardano and Holochain could help Internet progress in favor of cryptography. Unfortunately, the same analysts believe: "Most will eventually fail".
"Another selected group of cryptocurrencies will upset the banking world".
Ripple and Stellar are on track to change the way the traditional banking world ends. Although Bitcoin remains the safest option, the reports show that Ripple's XRP "it could eventually become the number one cryptocurrency in the world."
"Bitcoin me – even the coins will vanish".
Though Weiss evaluations he has a very positive one predictions on what will eventually lead 2019, this article seems to be the only potentially negative point. They do not support Bitcoin forks, believing they are useless. Expansion, the team said,
"Many cryptocurrencies are about to disappear for the simple reason that they bring practically nothing new to the table, even among the top 10 by market capitalization, several adapt to this description, including Bitcoin Cash, Bitcoin SV and Litecoin. of innovative use for them, they will probably fade over time. "
"The new coins will go up among the top 10".
With new players like Holochain, Hedera Hashgraph and others, Weiss Cryptocurrency Ratings believes that there will be tons of popularity on their progress, bringing them to the top 10 by market capitalization. Elaborating, the team said,
"These are non-blockchain general accounting projects that could become the new level of Internet trust, so their tokens could increase in value faster than those of their blockchain competitors."
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