Bitcoin investments. Perspectives and professional prognosisFebruary 20th, 2018
At the end of 2017 during the peak of the so-called “Crypto fever” surge, a group of expert panelists in the business of cryptocurrencies and fintech gave their professional forecasts for the perspectives and prognosis for cryptocurrency investments and trends for 2018 for Finder.com.
Here are their professional predictions in regard to the different cryptocurrencies and for the bitcoin investments in 2018:
The expected value decreases and increases of the leading cryptocurrencies for 2018:
The value of Bitcoin is anticipated to reach an average $33,000 by the end of 2018. The biggest rise among the leading cryptocurrencies in January is expected to be for Cardano (ADA) with a predicted 433.7% increase as well as for Stellar Lumens expected to rise by 126.32%. Verge is the only cryptocurrency which is expected to decrease in value by the end of 2018 (by -37.99%).
The entire market will grow
Bitcoin is the leader in the market capitalization of cryptocurrencies at $251.79 billion, and forecasts are that this number will rise to a whopping $597.95 billion by the end of the year.
The runner up in the market capitalization market is expected to be Ripple which is estimated to reach $460.000 billion followed by Cardano which is predicted to reach the $372.30 billion mark by December 31st 2018.
The biggest single increase of a market cap is forecasted for Stellar Lumens which will increase by a stunning 1,749.80% according to experts and thus will grow from $9.90 billion to $183.15 billion in 2018.
Bitcoin investment and market growth forecasts for 2018
Cryptocurrency experts claim that they expect a rise of 119.0% of Bitcoin in 2018 when it is expected to reach an average of $33,000. Just one of the panelists has given a more pessimistic prognosis about Bitcoin for 2018 and expects its price to fall to $10,000 by the end of 2018. According to this expert, the reasons for this prognosis is that the developers of the original crypto are not prone to dealing with some technological glitches for the backing of BTC due to their allegiance to their original white paper project. One of the main problems is the processing time for transactions. It can process only 7 transactions per second and the transaction takes about 10 minutes to be processed, which can lead to serious delays in busy times. At the same time Bitcoin cash has an increased block size in its blockchain technology which allows for a faster processing time which can be adjusted in accordance to the growing demand and growing number of users.
The expected development of the Bitcoin ETF (Exchange Traded Fund) will attract yet even more users and investors. It the ETF is opened in 2018 the expected rise can be u to more than $50,000.
Other panelists are optimists about Bitcoin resolving the transaction time issues and becoming the absolute leader in the cryptocurrency business in 2018.
Overall conclusion about the prospects of Bitcoin investments in 2018
For those of you wondering whether it is still worth investing in Bitcoin in 2018, and for those who are worried about its sustainability, as well as the prospect of it being a bubble which will burst, or about the transaction times and fees – experts say that it is safe to say that 2018 will be a safe and quite good year for Bitcoin and for other leading cryptocurrencies, the reason being the growing demand for a global digital currency.Now you have the information you don't want to order New Site