As we wrote previously, there were a lot of Bitcoin price predictions for 2018, not all of them became real, and moreover, the majority of those predictions turned out to be a total fuck up. However, this sad fact does not mean that all 2019 crypto forecasts will be fucked up :)
“The inherent volatility of the cryptocurrency means that it is difficult to predict with any kind of finite accuracy. However, the outcome of upcoming events will go a significant way to determining the price”.
Samuel Leach, CEO and founder of Yield Coin
“It’s important to remember that the crash we saw with Bitcoin this year doesn’t indicate lack of long term value. The bubble may have burst in 2018, but there’s still enormous substance and potential in the crypto market at large”.
Kevin Murcko, CEO of CoinMetro
“Bitcoin, I think will get to $1 million per bitcoin…Right now it’s 10,000, it will go 100,000 and then 200,000, 500,000.”
Bobby Lee, CEO at BTCC Exchange
In a recent tweet, Anthony Pompliano, founder of Morgan Creek said that Bitcoin isn’t going anywhere.
He stated that BTC might go as low as $3000, after which it will continue being bullish starting from 2019.
He enunciated that there is no reason to freak out on the declining price as Bitcoin’s fundamentals are becoming stronger.
“I am 95% confident that the price of Bitcoin will fall between $3,005, and $81,998 in one year”.
John Young, Co-founder, CEO at Cryptosheets
Ether is at risk of going into double digits because the next support area for the cryptocurrency is at the $100 position.
There’s psychological and technical support.
Which is why the support line is very important.
The last time ETH saw these levels was May 2017.
At the time, the digital asset had formed support of $91.
This clearly indicates that if the price of the digital asset breaks the psychological and technical support area of $100; it can drop to $91.
This is the primary reason why it is crucial for the digital asset to retain the $100 support of area.
The issue is that the downside momentum is ferocious to the point that it might break $100 as well.
The deVere group, one of the leading International Financial consulting firms’ CEO Nigel Green, predicted that Ethereum would reach more than $2500 by 2019.
He stated three reasons for ETH price increase- more platforms used for trading and more demand for digital currencies, increased use of smart contracts and the decentralization of cloud computing.
“What if you believe that Ethereum is less like one individual business and more like a store of value, like gold? This gives us a potential market capitalization of roughly $10 trillion, leading us to believe that the price of Ethereum might rise as high as $100,000 per coin. We might even go one step further and say that Ethereum is not like one asset, but an asset to replace all currency that exists”.
Brian Shuster, The head of Founder Solutions at Ark Capital LLC
This article features InvestingHaven’s 5 must-read cryptocurrency predictions for 2019, which make the point why we are super-bullish on crypto and blockchain investing.
Based on current projections, most people within the business agree that Ripple/XRP’s value can go up to the $200-$300 range in ten years. It is in the company’s best interest if the price continues to rise because it will make XRP less volatile.
And remember: you are the only one who decides to believe or not.
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Cryptocurrencies are digital currencies exchanged by private groups or individuals. Since cryptocurrencies are not regulated by a financial authority or regulator, they are a form of alternative currency. Some of the common cryptocurrencies are Ethereum, Litecoin, Bitcoin, Ripple, and more.
Since the inception of Bitcoin in 2009, followed by other digital currencies such as Ethereum, the market has seen an influx of several other ICO’s all based on the blockchain technology. The acceptance and incorporation in using these cryptocurrencies, has been faced by several hurdles and setbacks. These setbacks range from regulation by some governments, fraud and also not all population understands the advantages of using blockchain technology to transact.