📈 Price Predictions Stavros Georgiadis

EOS Price Prediction for 2019: 70$ or Less?

📈 Price Predictions
EOS price made a bounce from the low price of $1.69 to the high price of $3.1 at the end of 2018.
EOS Price Prediction for 2019: 70$ or Less?

This article will be a review of our EOS price prediction 2018 with mentions on EOS price prediction 2019 and coin price forecast 2019. Results of 2018 will also be reported about the performance of EOS coin.

Results of 2018

As the end of December, the price of EOS is at $2.56, having lost almost 71% compared to the value of $8.77 on Jan. 1, 2018. The price reached a high price of $21 during April 2018, which was the top for 2018. Ever since it declined to the low price of $1.69. The price made a bounce from the low price of $1.69 to the high price of $3.1 and with this rally EOS is on the fifth position in the Top 100 cryptocurrencies by market capitalization based on latest CoinMarketCap statistics, having gained one position during the month of December 2018. What will EOS cryptocurrency price be in 2019?

EOS price prediction 2018

In our article providing an opinion on EOS price prediction 2018 we wrote “Our price forecast of $4.07-$4.50 is based on Fibonacci retracement levels. We do not estimate any larger price correction, as liquidity is expected to decline later during December 2018 and the time horizon is very short.” Still a bounce of 51% is a very important price change. What are some opinions on eos coin price prediction for 2019?

EOS price prediction 2019

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Steemit.com makes two EOS coin predictions for 2019, one for the price to reach $20, and the other a more optimistic one for the price to reach $70. They mention that $70 per coin by 2019 may be unrealistic but there are two interesting arguments in analysis:

  1. Regulation will be a very important topic to monitor during 2019 and beyond. If regulation is favorable to the cryptocurrency market and large amounts of capital based in China and in US enter the cryptocurrency market, then this could help the appreciation of EOS during 2019.
  2. A growing and more active community of EOS developers and business solutions may provide a competitive advantage to EOS compared to other cryptocurrencies. This may stimulate the demand for the coin and could drive its price higher.

Tradingbeasts.com makes the following EOS price prediction for 2019, the price in early January 2019 will be $4.20. The expected maximum price is $10.20, minimum price $6.94. The EOS price prediction for the end of the month is $8.16. During 2019 the price is expected to rise and by December 2019 the minimum, maximum and average price is $9.14, $13.44 and $10.76 respectively.

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EOS price forecast 2019

Another interesting EOS price forecast 2019 is the one from Coinswitch.co, predicting that the price will be $15 at some time during 2019. This is a more optimistic EOS future price estimate compared to the one made by Tradingbeasts.com. Cryptoground.com forecasts a price of $6.4389 for EOS in 2019.

But not all EOS predictions for 2019 are bullish or optimistic. An interesting forecast is made by Gov Capital and is very pessimistic on the future price of EOS in 2019. It predicts that in Jan. 1, 2019 the price will be $1.296, the one-year forecast price is predicted at $1.113 (-56.181%) from current price of about $2.56 and there is even a very bold prediction that on Mar. 9, 2019 the price will be $0.000000.

There is the legal disclaimer that price predictions are not investment recommendations and the real forecasts are based on technical analysis and a combination of deep learning processes. In theory, it seems at least challenging.

EOS price prediction 2020

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For 2020 Coinswitch.co forecasts that EOS will move higher for the first six months and during July 2019 it will reach the high price of $95. For the remaining of 2020 a decline may follow, and the price could be $56.25 by the end of the year. For 2020 Tradingbeasts.com forecasts a minimum price of $9.35, and a maximum price of $16.99.

Theoofy.com forecasts a positive and a negative scenario for the EOS/USD chart, making EOS price prediction 2020 based on not only one but two contradicting scenarios, which are almost always a good idea providing a wider range of outcomes based on the high volatility which is evident for the cryptocurrency market.

The positive scenario is that price may reach the high price of $22 if at the beginning of 2020 the chart is within the range of $11-$16 at the beginning of 2020. The pessimistic scenario is that the price of EOS will not move higher than the range $7-$9 in 2020.

EOS price prediction 2025

Looking further in the future and focusing on year 2025 some predictions for the EOS price are the following:

·     Theoofy.com predicts a price higher than $22 due to technological advances

·     Coinswitch.co predicts than in year 2023 the price of EOS could be near $106.77

·     Digitalcoin.com predicts a range of $11-$13  

·     CoinNewsTelegraph.com forecasts a price of $50, based on the increased positive momentum that EOS coin may have, compared to the momentum of ethereum.

We will end this article on EOS price prediction for 2019, 2020 and even 2015 with our technical analysis providing a range of probable prices.

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EOS technical analysis

image

Technically the down trend seems to have changed to a short-term uptrend and the bottom price of $1.565 is an important level to monitor. Important support exists at the level of $1.772 and a small consolidation at the level of $2.48. A rejection of price near the level of $3.20 makes the 50-period exponential daily moving average an important and valid level of resistance. Other important levels of resistance are near $4.68 and $5.0.

A positive factor that may drive the price of EOS higher is that the ADX/DMI indicator has confirmed a trend change from downtrend to uptrend, with the +DI line crossing above the -DI line. A closing price above the 50-period exponential daily moving average currently at $3.1518 will be positive as it could be the first valid sign that a trend reversal from downtrend to uptrend has occurred. Based on Fibonacci ratios taking the swing high of $5.81 and swing low of $1.54 then the 0.50 and 0.618 retracement levels are $3.68 and $4.18 respectively. This range of $3.68-$4.90 is our forecast for the price of EOS in 2019.

There was significant consolidation in the price levels of $4.70-$5.00 in the past which lasted almost two months, from September to November 2018, which makes this consolidation zone hard to ignore, and very important. The falling 200-day exponential moving average currently at $5.34 is another key level to monitor, acting also as a potential resistance as price is still below it. It is a very tough challenge trying to predict a future price for eons as both volatility and different time frames present difficulties in forecasting.

The weekly chart seems less optimistic compared to the daily chart, and the monthly chart provides no evidence yet of a real bottom for EOS in 2018. What is also interesting are the values of Daily Bollinger bands at $1.55 and $3.10 for the lower and upper band respectively. They show a range bound trading activity for now and a potential consolidation phase.

As a conclusion we have mentioned in this article a range of EOS price predictions in 2019, 2020 up to 2025 which seem either too optimistic or too pessimistic.

The main thing to consider is that our technical analysis for EOS price in 2019 is not a trading recommendation. We have been correct in our December 2018 prediction for some of the major cryptocurrencies such as bitcoin and ethereum, and we must mention the fact, but it is much harder to make any prediction and be an accurate one for a longer time horizon such as one year compared to only a few days.  

It would be prudent to note that during the steep decline of the cryptocurrency market in 2018 many top cryptocurrencies based on their market capitalization declined in tandem with the cryptocurrency market.

This correlation may not hold in 2019 as business prospects, regulation and tax issues and competitive advantages to some cryptocurrencies such as a more active developers’ community may be some major catalysts that could make either a promising year for EOS or a year with no major factors to support its price appreciation.

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Litecoin Price Forecast 2019: Set Sail to Break the $50 Iceberg and Swim as Far as $230

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Litecoin price forecast 2019: The coin has the chance to reach the value of $230. What are the factors contributing to LTC growth?
Litecoin Price Forecast 2019: Set Sail to Break the $50 Iceberg and Swim as Far as $230
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Following Bitcoin’s path, Litecoin seems to be on the rise: it’s becoming quite popular among investors and is slowly gaining in price. There’s a very high probability that it will trade higher than $30 all year long, but what about its highest points?

Litecoin Price Forecast 2019: Set Sail to Break the $50 Iceberg and Swim as Far as $230

Focus on numbers: Litecoin’s future in 2019

Although the bearish period seems to be over, the crypto market is still highly volatile. That’s why making any short-term predictions is quite hard. However, it doesn’t discourage analytical websites and people from making their own forecasts.

Thus, according to publications on various crypto websites, Litecoin has enough potential to reach the $1,000 edge. Some articles mention the number $2,000 – it seems to be far from reality. What are these suggestions based on? It’s not clear.

However, these forecasts are on par with predictions from some experts. For example, George Tung, a cryptocurrency analyst, claims that Litecoin will reach $1,500 towards the end of 2019. Brian Kelly, the head of BK Capital Management (LLC), is sure we might witness an LTC price of $500 or even $600 by the end of this year. Though conservative, this approach seems to be close to reality.

In November 2017, Litecoin was traded at $100 and investors managed to enjoy 25x ROI. If the market is hit by the bullish wave again, the scenario can repeat: LTC might jump from its current $48 to $1,200. But what if that won’t happen?

Our guess is that Litecoin can reach the range of $150-$230 by the end of 2019. How can it crawl to such numbers? First, in August 2019, the block reward for miners will be cut by 50%, which might provoke the growth of demand for LTC.

What will kick-start Litecoin growth?

Here’s the whole gamut of factors that can make Litecoin soar separately or altogether:

  • The rate of accepting Litecoin on exchanges and online websites will gradually increase. One of the adoption examples is the Surf Air store that started accepting LTC payments.

  • Of course, Litecoin’s growth is partially defined by Bitcoin’s performance. At the moment, BTC is on the rise. However, Litecoin seems to recover from the bearish period much faster and better.

  • At the same time, while Bitcoin’s gaining in traffic, users start complaining about growing transaction fees and slow performance. That’s when their attention switches to Litecoin, with its lower commissions and better speed.

  • A big influx of traffic on Coinbase is expected – it backs three major crypto assets, including LTC.

Thus, Litecoin is getting more and more media attention, which only contributes to its growth. Some Internet users are sure that it has to reach the $50 mark to get back on track and start gaining in value. This event is definitely around the corner!

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Litecoin, EOS, Stellar, Monero Weekly Price Prediction. Can XLM climb to the Top 5 Soon?

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Litecoin, EOS, Stellar, Monero Weekly Price Prediction. Can XLM climb to the Top 5 Soon?
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The last week has been prolific for the crypto market with Bitcoin testing the key $4000 mark, Ethereum approaching $150 and the total market cap increasing to over $134 billion. This is a solid climb considering February 17 it was valued at only $121 billion, the market is coming back to crypto. As usual, Bitcoin is dragging the altcoins up with it and in this case, we are seeing green across the board.

Litecoin (LTC) Price Analysis

Litecoin is currently the number 5 cryptocurrency by market cap with a circulating supply valued at $3,017,837,498 and a trading price of $49.82. Over the last 7 days, it has added 16.94%and is one of the top performers. The LTC/USD pair has been enjoying a steady climb since bottoming out at $22, is now supported by a strong bullish trend line and trading above the 100 days Exponential Moving Average (red). The recent break above the level at $47 makes $56 the next target which could be reached inside a week’s time. It must be noted that the Relative Strength Index has entered overbought for the second time and that may generate a pullback into the 100 EMA.

LTC/USD chart by tradingview

EOS (EOS) Price Analysis

With a market cap of $3,497,498,697, EOS is sitting just above Litecoin in the market cap rankings at number 4. It is trading at 3.86 against the US Dollar and has increased a whopping 37.56% in the last 7 days. The recent climb broke the resistance at $3.10 taking EOS above the 100 days EMA and painting a bullish picture. The most likely scenario is a touch of the level at $4.60 which was support in the past and has not turned into resistance yet. The RSI is deep in overbought territory which is an early sign that a retracement will soon follow but, however, as long as the price is above $3.10 the bias is bullish.

EOS/USD chart by tradingview

Stellar (XLM) Price Analysis

Stellar added 12.95% in the last 7 days and is currently occupying the number 8 spot in CoinMarketCap rankings with a circulating supply valued at $1,711,752,210. It has a trading price of 0.089 against the US Dollar and, from a long-term perspective, the pair is in a clear and strong downtrend. The but is that after reaching the bottom at 0.073 the has started to show signs of bullish pressure. For now, the bulls and bears are battling for the control of 0.092 resistance, which if broken, will likely generate additional upside movement. A failed break here would send the pair back into 0.073 support.

XLM/USD chart by tradingview

Monero (XMR) Price Analysis

Currently sitting in the number 13 spot with a market cap of $875,852,285, Monero is trading at $52.10 and added more than 9% over the last 7 days. Monero has had a weaker climb than its peers and is still trading below the 100 days EMA and below the resistance at $59. XMR/USD is in a range created by $39 support and $59 resistance so before we can see stronger moves to either side one of the boundaries must be broken. It’s very likely to see a move into $59 - $60, where the next short-to-medium term direction will be decided.

XMR/USD chart by tradingview

 

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Binance Coin (BNB) – Forecasts and Prospects

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Binance Coin (BNB) is the native token of Binance – the world’s largest exchange in the crypto market – and may enjoy further growth in the short term
Binance Coin (BNB) – Forecasts and Prospects
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Binance Coin (BNB) is the native token of Binance – the world’s largest exchange in the crypto market. It is powered by the Ethereum platform and runs under the ERC20 protocol. The total supply of BNB is slightly under 200 mln. Recently, it has managed to rise on Coinmarketcap and grab position #10.

Binance launched its coin in the summer of 2017.

The exchange provides a big catalyst for its token. Binance intends to set aside 20 percent of its quarterly revenue to recover from the market 50 percent of the BNB supply that has been sold already, and then it plans to burn those coins. This would ensure a limited offer of the asset and may well let its price soar.

Binance has already conducted a coinburn recently, on January 16. Back then, $9.4 mln worth of BNB coins was destroyed. After that, Binance Coin saw major momentum, and its price got over the $10 mark.

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BNB’s long-term prospects

At the end of 2018, the CEO of Binance announced that the exchange is about to launch a decentralized exchange (DEX). On February 20, 2019, the testnet phase of the DEX started.

The decentralized platform is backed by the Binance Chain – a blockchain developed specially for it by Binance. BNB is presently an ERC20-based token, but ultimately it will migrate to the new platform to turn into a native token.

This roadmap could ensure a massive rise for BNB in the future. However, if the DEX fails to deliver on the community’s expectations, everything may happen the other way round.

Right after the announcement regarding the DEX, BNB began ascending and since then has managed to grow from $6.20 to $11.67. Its current price is $10.77, as per Coinmarketcap.

Binance Coin (BNB) – Forecasts and Prospects

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Ethereum Price Analysis from Twitter: From $145 to $200 and Higher? What’s the Chance of Ethereum Breaking Out?

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Ethereum price predictions from Twitter: Can an ETH price of $145 be the sign of an uptrend?
Ethereum Price Analysis from Twitter: From $145 to $200 and Higher? What’s the Chance of Ethereum Breaking Out?

Ethereum is at the center of attention. There are a lot of things happening to ETH recently, but the best news is the uptrend which seems to have come. What do Twitter users think about it? Let’s trace the recent history of Ether and ETH price predictions in the latest tweets.

Starting from the middle of February, Ethereum began rising in price by 10%, step by step:

By February 21st, it has reached the $145 threshold. What’s going to happen next?

It’s not surprising that crypto traders remain skeptic after a long bear market. Most of them are still afraid of serious fluctuations. However, some are quite optimistic:

Many are sure that Ethereum is back on track:

Anyway, doesn’t it open new opportunities for investment?

What will accelerate Ethereum’s growth? There are a lot of changes to come, including the release of Constantinople, the overall market uptrend, and other aspects:

There’s a lot of fuss around Ethereum right now. For example, on February 21st, someone sold ETH for the highest fee in the history:

Samsung has integrated an Ethereum wallet into its new S10 phone, which seems to be a considerable step towards massive adoption of the cryptocurrency:

Yet, not all top players believe in Ethereum’s potential. Look at what’s happened recently:

Was Google right? Only time will show. We will continue watching Ethereum development trends.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Binance Coin Six-Month Price Forecast – One Major Catalyst

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Binance Coin (BNB) is the brainchild of one of the biggest crypto exchanges in the world; Binance
Binance Coin Six-Month Price Forecast – One Major Catalyst

 

Binance Coin (BNB) is the brainchild of one of the biggest crypto exchanges in the world; Binance. It runs natively on the Ethereum blockchain under the ERC20 protocol, has a total supply of 200 million and is the 10th cryptocurrency by Coinmarketcap. The token was initially launched in July 2017 and has a solid following.

Binance has a major long-term catalyst for its coin. The company plans to use 20% of their quarterly profits to buyback and then burn 50% of the entire supply of BNB. This means that eventually only 100 million BNB will exist which creates scarcity and possible price increase.

The latest coin burn occurred on January 16 when the Binance team destroyed $9.4 million worth of BNB tokens. Since then, Binance Coin enjoyed very bullish price action, which took it above $11.0

BNB/USD Technical Analysis – The Big Picture

In late 2018, Binance announced they are preparing to launch a Decentralized Exchange (DEX) and on January 20, 2019, said DEX entered public testnet phase. The DEX is powered by Binance Chain, which is a blockchain developed by - you guessed it – Binance. BNB, which is currently an ERC 20 token will eventually be migrated to the new blockchain and will become its native asset.

This could spell massive upswings for BNB in the long run, but could turn into adversity if the DEX fails to live up to expectations. One thing is certain: shortly after the announcement, Binance Coin started to enjoy positive sentiment and since then the token has risen from $6.20 to a high of $11.67, currently trading at $10.35.

BNB/USD chart by tradingview

 

From a Weekly chart perspective, the token is not in a clear trend but it has been tracing lower highs and lower lows since it hit a recent high. The climb that started at $4.30 shows strong bullish pressure and could develop into long term bullish price action once the coin retraces to support. The Relative Strength is moving north, without being overbought, which supports a bullish scenario for the next months. For long-term bullish activity to happen resistance at $11.80 - $12.00 must be broken decisively.

On a Daily chart we can better see the importance of the resistance level at $11.80. It has been touched multiple times from above and below and more often than not, price was rejected. Most recently, we can see that rising price hit resistance at this level again and is now retracing lower.

Binance Coin

 

Considering all the factors involved, Binance Coin could climb into $18 area over the next six months but for this to happen Binance’s DEX must perform well. Immediate retracements should find support at $9.0, but a break below would not invalidate the long term bullish scenario as long as the trend line is intact and the DEX project is still viable.

Daily Chart Support: $9.0 and 100 days EMA (red line)
Weekly Chart Support: bullish trend line and $4.30
Daily Chart Resistance: $11.80 and $15.0
Weekly Chart Resistance: $11.80, $15.0 and $18.20
Most likely scenario: continuation of bullish movement, break of $11.80 and move into $15.0 where a deep retracement may occur; Longer-term a touch of $18 over a few months

Alternate scenario: breakdown below the bullish trend line

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