The price of Bitcoin has ensured that the digital asset extended its dominance over the rest of the pack. BTC has so far had a remarkable year. The crypto leader has seen a price resurgence from its lowest point of $3500 at the beginning of the year. Market analysts have now predicted that the price of Bitcoin will surpass the all-time high it recorded in 2017. It should be recalled that BTC flourished to the price of $20000 at the time.
As of the time this content was published, the price of Bitcoin was trading at $7,767. The digital asset also had a market capitalization of about $137 Billion.
Bitcoin (BTC) Price Today – BTC / USD
Cardano Price Forecast: The Recent Action of the Price of Bitcoin Has Been Instrumental to the Success of Other Coins – ADA Price Analysis
The importance of Bitcoin in the crypto space can’t be overstated. It is obvious that Bitcoin’s resurgence has been vital to the rise of the cryptocurrency market. Since Bitcoin’s change in trajectory, a number of cryptos have followed suit and tried to keep up with the maiden cryptocurrency. For this content, we will consider three cryptos that have the potential to keep up with Bitcoin. Stellar, Ethereum and Cardano are the coin’s that have been predicted to keep up with Bitcoin’s improving prospects.
Ethereum Price Prediction: Ethereum to Attract Institutional Investors – Ethereum Price Forecast
Ethereum had a market cap of $25 billion as of press time according to CoinMarketCap. The price of Ethereum was trading at $241.17 at the time. It appears Ethereum has joined the current bull run initiated by BTC. The year is bright for Ethereum considering the developments the token has amassed in the community.
Ethereum is set to continue to attract more institutional investors due to its proof of concept consensus algorithm. Furthermore, more platforms for trading and the demand for digital currencies, more use cases for smart contracts and cloud computing’s decentralization will propel the price of Ethereum to greater heights.
Ethereum’s large developer pool can ensure that it trades over $500 by year end.
Stellar Price Prediction: Stellar’s Deals With IBM and Deloitte Are Key to Its Progress – Stellar Price Forecast
XLM is ranked number 9. The price of Stellar Lumens was trading at $0.124 at the time this content was published. It has a market cap of $2.3 billion. Even before the current bull run, the price of Stellar was displaying a positive performance. Notably, the value of the digital asset has increased by 60% in the past three months.
XLM is attracting institutional investors on board as well. Deals with IBM and Deloitte should place it as a potential competitor of Bitcoin. If the banking sector adopts XLM, the price of Cardano will likely close the year at $1.
Cardano Price Prediction 2019: Cardano Has Made Productive Partnerships Which Will Benefit its Long Term Prospects – Cardano Price Forecast
Cardano is one crypto that is appealing to the mainstream sector. It has the potential for mass adoption. ADA has been working around the clock just to draw in more investors. The platform attracted deals with leading companies in a bid to create awareness about Blockchain’s and ADA’s real-world applications.
At press time, the price of Cardano was trading at $0.077. ADA also had a market cap of $2.1 billion. The price of Cardano witnessed its all-time high in January 2018 at $1.15. Despite ADA’s brief drop in 2018, the price of Cardano is showing improvements.
With ADA’s partnerships and announcements, the price of Cardano can reach $0.5 by the end of the year.
Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.