Bitcoin is currently trading around $ 11,500. It has remained more or less stable in the last 24 hours.
According to a Finder.com CEO Jon Ostler, even though, currently it is in a downturn Bitcoin will rise to around $29,500 by December 31 of this year.
We also expect some of the other cryptocurrencies to increase in value as well.
He is of the opinion that by April, 2018 that is within one month, most of the coins will be higher from the current levels.
While he continues to believe that the volatility is here to stay but in the longer term, he believes that most of the cryptocurrencies will be much higher than the levels at which they are currently.
Ethereum price analysis:
On the other hand, he believes that Ethereum can rise by as much as 194% within one year.
This is huge appreciation since it has already increased by 15% roughly in the last 2 months. Thus, not only Bitcoin but also Ethereum will increase further as well.
Also, according to a panel which was set up by the website, Ethereum will eventually overtake Bitcoin in terms of market capitalization.
While this might not happen this very year but they believe that in the future, this is certainly a possibility.
If that happens, the returns which Ethereum will be able to provide will be significant. This is the reason why Ethereum holds a lot of promise as compared to Bitcoin.
While many of the cryptocurrency experts believe that Bitcoin and Ethereum will rise higher but none of them have been able to predict correctly the short-term volatility.
This indicates that while the investors will be able to make a significant amount of money in the longer term but they will have to stay put in the shorter term.
This will ensure that they are able to easily handle the shorter-term volatility.
Once they are able to hold the cryptocurrencies for a longer period of time, it will be easier for them to make a good return.
According to the CEO of Finder.com, investors need to research properly before purchasing any cryptocurrency.
As long as they are able to do so, they will be able to make a neat profit. Rather than just relying on so-called experts tips to invest in cryptocurrencies, investors need to invest on their own.
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