To be or not to be.
Caution seems to be the underlying theme around cryptocurrency price predictions, that’s for analysts who summoned enough courage to have their say in a very unpredictable market.
We’ve seen the historic price rally and the extended crypto bear market in the last two years. Is 2019 going to be about a return to the days of flourishing or a continuation of the downward trend or something in-between?
A report by personal finance comparison site Finder.com reveals the thoughts of notable cryptocurrency investors and analysts.
Ethereum [ETH] and Ripple [XRP] Price Prediction for 2019
Ben Ritchie, the COO of Digital Capital Management predicted a promising year for Ether [ETH]
“Ethereum was heavily sold in 2018,” Ritchie says, “with many ICOs liquidating their positions in the hope to preserve some value to build their projects.”
Last month, Ether [ETH] dropped to double figures for the first time since May 2017 following huge ETH selloffs and a generally bleak crypto market. Some analysts called the ETH bottom just below the $90 mark but not Jimmy Song, partner at Blockchain capital LLC. He predicted that ETH will further drop to $42 by the end of January and end the year 2019 just below the $50 mark. “The great altcoin winter is here,” he says.
Blockchain consultant Joseph Raczynski predicts that ETH price going into February will be $130 and this will just about double by end of the year. According to him, “Ether is an enigma right now,” adding that he believes the next wave of dapps will fill the void for the use of ETH token, compared to the run-up with the ICOs.
Bitcoin [BTC] Price Prediction for 2019
Bitcoin, the undisputed leader of cryptos was predicted to gain in 2019 though nothing close to 2017 levels.
Ritchie tips bitcoin to witness moderate gains in the 2019 starting from January. He predicted that bitcoin will end the month around $4,800 from around $3,800 at the start of the year. He explained that the “decoupling of the cryptocurrencies”, the influence of traditional markets and an increased network participation will determine cryptocurrency bitcoin price in 2019.
“I feel like the economy will begin to change in 2019. And this will, in part, help BTC grow,” Raczynski said as he projected bitcoin will hit $8,000 in 2019 after an initial dip to $3,500 in January.
Similarly, Jimmy Song of Blockchain capital LLC & Programming Blockchain believes BTC will end the year above $6,000, though he expects it to see a bottom at $2,103 by the end of January.
Dogecoin [DOGE] and Litecoin [LTC] Price Prediction for 2019
On the average, Dogecoin [DOGE] was predicted to lose as much as 75 percent of its New Year value by the end of the year. “Sadly, I believe this is destined to go to the dogs,” Raczynski remarked adding that nothing can save the coin from failing in 2019.
Litecoin [LTC], it seems, is destined to lose in 2019 also. The coin it’s currently trading at $33 slightly above where it ended last year. But the average predictions suggest it will end the year closer to the $30 mark. Raczynski questioned the long term sustainability of Litecoin though he admitted the project has a number of things going for it and it could continue to echo bitcoin [BTC]. Jimmy Song and Finder.com in-house analyst predict LTC ending at $18 and $14 respectively.
Stellar [XLM], Cardano [ADA], and EOS [EOS] Price Prediction for 2019
Stellar was predicted to a witness massive growth of 260 percent on the average in 2019. Raczynski who predicted that Stellar will reach $0.3 from $0.11 noted 2019 could be the year that the project reaches its true potential.
He explained, “Stellar [is] in growth mode, working on a scalable blockchain, looking for projects that can take off. This could be the year.”
“Stellar Lumens has gained a large amount of respect in 2018,” Ritchie added predicting it to reach $0.35. He explained that projects are flocking to its blockchain to solve problem.
Cardano [ADA] was also tipped to have a decent showing this year; to have an average of 91 percent growth in the year.
In general, the analysts believe some excitement will return to crypto markets in 2019 though the volatility will continue. Also, they say securitized tokens will come a hit this year—being the next phase of the crypto roller-coaster.