The December cryptocurrency report is cautiously positive, while some coins continue to fall, others expect to recover

ADS

The experts in personal finance comparisons, Cryptocurrency's latest monthly survey Predictions site finder.com, have recently expressed their fall considerations in the last week of November. Their forecasts for December are cautious for most currencies, but positive for others.

It is not set to be a very positive month for Binance Coin (BNB), Litecoin (LTC) and TRON (TRX). Unfortunately, all coins are expected to fall even further by December 31, with Binance suffering the biggest drop of -32 percent. This is followed by Litecoin at -13 percent and Tron at -12 percent.

Commenting on the prospects of Litecoin, Alisa Gus, CEO of WishKnish, said: "It's not nice for [Litecoin], especially considering that it is positioning itself as a currency of financial transactions, yet Ripple and Stellar are dominating that market. "

However, panel participants expect some coins to make strong recoveries. Stellar (XLM) and Cardano (ADA) are expected to increase by 100 percent in the next few months to $ 0.28 and $ 0.06 respectively. Explaining his logic behind Stellar's anticipated rise, Evercoin's Miko Matsumura said he has a "muscular ecosystem" and "many deep bonds with industry and business".

There is also a significant increase in Bitcoin (BTC), up by 81%. Despite the fall of $ 3,587 on November 25, 2018, Finder survey respondents predict that the currency could recover at $ 6,778 as of January 1, 2019.

The panelists were not all agreeing one with the other when it came to bitcoins. They gave several forecasts for its value in the following month, with five of the nine panelists forecasting over 5,000 US dollars, while four panelists predict that the currency will be valued at less than 4,000 US dollars by January 1, 2019 This includes Fred Schebesta, CEO and co-founder of HiveEx.com and Finder.com, who gave the lowest panel prediction of only $ 1,800 for January 1, suggesting that it does not expect a recovery for next year. .

Jon Ostler, British CEO of finder.com, said: "The end of November marked major changes in the cryptocurrency market, particularly for bitcoins, which saw its value almost halved between November 14th and 25th. they saw larger drops than others, but all the top ten coins of capitalization have fallen and continue to fall.

"Our panelists have been cautiously optimistic this month, and while the average forecast suggests that the market could recover by January, some of our panelists have noted that it may fall further." Last week, once again demonstrated the volatility of market While our panelists' predictions provide interesting insights, this month really shows that when it comes to cryptocurrency at the moment, all bets have been canceled.

"As such, by reading this report, people should always remember the intrinsic volatility of the market, always do your research and make financial decisions based on your personal financial circumstances."

• The December cryptocurrency report is cautiously positive, while some coins continue to fall, others expect to recover – 6 December 2018
• "Blockchain for Europe" launched by the leading global blockchain companies – 4 December 2018
• The G20 leaders call for a cryptocurrency tax system – 3 December 2018
• The Grand Final Week of EOS Global Hackathon from Block.one kicks off in Cape Town, to reward US $ 500,000 to win the team – 3 December 2018
• UTRUST announces partnership with Payrexx to change the European encryption payment landscape in an intuitive platform – 29 November 2018
• SportsFix to launch 150,000 Crypto wallets with ProximaX – 27 November 2018
• London Block Exchange and AlphaPoint have extracted the first ever digital pound – 27 November 2018
• Swytch announces the launch of the Secure AI-Powered Renewable Energy Platform on Blockchain – 26 November 2018
• All Star Team announces WHIRL, a "pay it forward" crowdfunding platform managed socially and built on the blockchain – 22 November 2018
• A review of this market crash this week, this was one of the most dramatic daily selloffs throughout the year. – 21 November 2018
• Blockchain New Foundation of Democracy? The VOATZ app based on Blockchain Voting could be in first place – 20 November 2018
• Switcheo Network launches the first Exchange to support both NEO and Ethereum blockchains. – 20 November 2018
• Datametrex and Nexalogy Environics develop the false news detection filter – 19 November 2018
• Kinesis Money and Allocated Bullion Exchange seek to create a commercial venture with the Jakarta Futures Exchange in Indonesia – 16 November 2018
• Turn group CEO Michael Terpin named one of the most respected ICO consultants and influencers – 10 November 2018
• WISeKey announces the release of WISePhone, the first ever secure Android blockchain phone with cryptocurrency payment functionality – 9 November 2018
• WISeKey announces WISfans, a platform that detects counterfeiting of branded sports products and connects clubs with their fans – 8 November 2018
• The Radiant Earth Foundation works with the Blockchain ConsenSys software company to make geospatial data more accessible – 8 November 2018
• A lawsuit for collective actions was filed against Gainey & McKenna & Egleston's India Globalization Capital, Inc. – 7 November 2018
• Blockchain used to allow small African farmers to enter the global food market – 6 November 2018

View all the articles