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Price comparison site finder.com published its survey on January cryptocurrency forecasts, including forecasts for the end of 2019, with 11 coins expected.
- Almost all coins should fall by February 1, 2019
- TRON (TRX), Dogecoin (DOGE) and Litecoin (LTC) to experience the biggest drops
- Stellar (XLM) and Cardano (ADA) are the only coins expected to increase this month
- Best Bitcoin (BTC), Cardano (ADA) and Stellar (XLM) coins selected for 2019
The experts shared their 2019 forecasts for eight of the top 10 coins by market capitalization, as well as the top three trend currencies, Monero, Dogecoin and NEO.
Almost all coins should fall in the following month, with the exception of Cardano and Stellar, which should increase by 43% and 84%, respectively.
TRON, Dogecoin and Litecoin will record the biggest declines by 1 February 2019, with expected falls of 52%, 47% and 35% respectively.
While it is expected that almost all coins will fall over the next month, five of these falling coins are expected to be recovered in the next year. This means that a total of seven coins are expected to increase in value over the course of the year.
The coins that are expected to see the greatest growth in 2019 are Stellar, Cardano and Bitcoin, with an expected growth of 260%, 91% and 84%, respectively.
Bitcoin is dividing opinion among panelists, with an expected 7% decline this month. However, speakers expect the currency to recover at $ 6,947 USD by the end of the year.
Alisa Gul, CEO of WishKnish, believes that "downward pressure on the global stock market does not seem to have a lasting effect [on price], as well as the easing of the difficulty of the validation algorithm "means that"it is difficult now to see a lot of light at the end of this tunnel. "
However, Joe Raczynski of JoeTechnologist gives some reason for optimism. While noting that "mnone of the institutional actors said they had finished this experiment (publicly) ", this could be a temporary attitude because" if there are dramatic changes with the economy (the expectation is slightly more likely than not), Bitcoin will be a refuge. "
The six participants in the December cryptocurrency forecast report include:
- Craig Cobb: founder of TraderCobb.com, designed to educate people about cryptographic commerce in a simple, easy and logical way
- Alisa Gus: CEO of WishKnish, a network of social network gambling blockchain aimed at helping communities grow and a founding member of the DC Digital Economy Hub
- Fred Schebesta: co-founder of the global comparison site site finder.com and OTC cryptocurrency trading platform HiveEx.com
- Jimmy Song: Bitcoin developer, educator and core entrepreneur. He is a venture partner of Blockchain Capital LLC and teaches Bitcoin and Blockchain Programming a Programming Blockchain.
- Ben Ritchie: COO of Digital Capital Management, a premium digital investment fund. He is also CEO of the Bitcoin Advisors consulting service.
- Joseph Raczynski: expert technological consultant and manager specialized in blockchain technology. He specialized in artificial intelligence, computer security and legal technology.
Jon Ostler, UK CEO at finder.com He says,
"The month of December surprised quite a few people, with a lot of fairly large coins rising, and this continued until January, even though our experts do not expect this trend to last for all. coins.The past experience in this sector also reminds us that a month of gradual price movements can change within a few hours.
"It is important that people are aware of the volatile nature of cryptocurrencies.When considering the purchase of cryptocurrency, people should always be ready to do their own research and decide what is right based on their personal financial circumstances" .
Full details of the finder.com survey, complete with comments from the speakers, can be found Here.
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Disclaimer: The opinions of our guest writers are exclusively their own and do not reflect the views of The Daily Hodl. These opinions expressed are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and operations are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital assets, nor The Daily Hodl is an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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