📈 Price Predictions Thomas Hughes

EOS Price Prediction: Will the Coin Leave the Bearish Market?

📈 Price Predictions
EOS could be the world’s fastest cryptocurrency if it can overcome obstacles and attract new users
EOS Price Prediction: Will the Coin Leave the Bearish Market?
Contents

Less than a year after its official release, EOS became one of the most attractive digital assets. Its protocol is designed to enable vertical and horizontal scaling of decentralized applications, which is achieved through an operating system-like concept. EOS is a form of cryptocurrency based on Ethereum and supports up to 50,000 transactions per second, twice as much as VISA cards.

EOS is not only interesting and attractive from a technological point of view but is also considered to be an alternative to Bitcoin. It is a more reliable financial instrument and represents a true implementation of blockchain into financial transactions.

EOS versus other cryptocurrencies

Currently, EOS is the sixth largest cryptocurrency, with a market value of almost 5 billion USD. At one point, just before the April 2018 fiasco, just days before launching its Dawn 4.0 release, its market cap exceeded 17 billion USD. However, after this thriving period, EOS’ cryptocurrency price wiped out almost 75% of its value compared to an average decrease of 30% for Bitcoin and the broader cryptocurrency market. The highly volatile digital currency entered into a bearish market, and investors started withdrawing assets from it. Despite this fact, the prediction for EOS is bright, featuring strong price growth.

The average daily trading volumes at the end of October reached 400 million USD, compared to almost 4 billion USD at the end of April, demonstrating a 90% decline. The short-term outlook for the digital currency is not so bright.

There was some impetus in the beginning of November, which pushed the price of EOS up, but the gains were small and did not last long. The daily trading volumes are steadily rising, reaching 750 million USD in Nov 7, stimulating the increase in prices. Several cryptocurrency rating agencies labeled EOS a “buy” based on their “adoption model” metric in regard to EOS' strong communities and app-building capabilities. The digital currency started the month with strong increases but later suffered some corrections, normalizing its value around 5.50 USD.

EOS versus other cryptocurrencies

EOS coin predictions: the medium-term trend

The medium-term outlook for the EOS coin remains in the bearish market. The positive start of the month gave some bullish pressure to the cryptocurrency, but later this impetus was lost at 5.83 USD in the supply area on Nov 7th. EOS price predictions remain negative during the month with expectations for some growth at the end of November, stimulated by small investors.

The price is below the ten days exponential moving average, putting it in a bearish market, which is not likely broken without some extraordinary events. The stochastic oscillator for EOS is at 26%, near the low end of its range, and its signal points down which implies a divergence with the price. The EOS forecast range in medium-term is 5.00-7.50 USD.

Even though EOS’ price prediction for 2018 is not so bright, the cryptocurrency is expected to gain high popularity in next months, gaining higher scalability, though there are numerous technical obstacles for the price to increase.

the medium-term trend

EOS future price: the short-term trend is down

In the short-term, EOS returns to a bearish trend and may extend losses to 5.05 or lower. The pressure was extremely strong on Nov 7th after the formation of a Tweezer top at 5.76 USD. The cryptocurrency moved down to 5.60 USD, breaking the 50 days exponential moving average.

The stochastic oscillator is at 27%, and its signal points imply downward price movement may occur in the short-term as the bears' momentum increases. EOS projection’s target in the short-term is 4.50-5.50 USD.

EOS future price

What can stimulate the growth of EOS?

The main driving force for EOS are:

Technology News: The BancorX platform has enabled token conversion between a total of 110+ Ethereum and EOS-based assets. Thus, popularization of the protocol will become even stronger over the coming months as many more platforms are expected to take up the token's exchange. This has led many analysts to change their EOS coin price prediction to “buy” despite the near-term bearish activity.

Growth potential: The cryptocurrency still has strong potential for growth; due to its scalability, if it can overcome obstacles there is potential for exponential growth.

Higher spending: Holiday season is approaching, and people are more inclined to spend. This probably will flood millions of dollars into the cryptocurrency market at the end of November and beginning of December. Last year, this period was marked with record highs of the cryptocurrency market and that (cash inflows) is expected again.

Scalability: The main problem of old-fashioned cryptocurrencies such as Bitcoin and Ethereum is scalability. This has stopped their growth and is expected to dominate market sentiment in the near to short-term. EOS implements blockchain smart contracts to create a decentralized, scalable network that far surpasses ETH and BTC.

Role in governance and voting: The EOS protocol can be used for modern election systems. Since the US Presidential elections in 2016, the world is more and more shaken by voting issues and manipulations. The EOS protocol allows establishing a safe, decentralized election system that is trustless and verifiable.

The EOS protocol combines the best of the blockchain, opening doors for widespread usage of the technology in the future, which is driving force behind its price.

“The EOS blockchain is changing what is possible, and we are only just scratching the surface, and it is no longer just the fringes who are getting excited. EOS is an infant chain with excellent pedigree, but before she can spread her wings and fly, the basics need to be learned, practiced and enforced. A governed chain needs to learn how to govern, a trustless community needs to trust each other and set the culture which will last for centuries,” said the CEO of EOS Dublin, Sharif Bouktila.

EOS prediction 2018: is EOS a good investment?

The simple answer is – Yes, but not in November.

The long-term EOS predictions are the coin price will return to an uptrend. The analysts recommend waiting by mid-November before purchasing EOS coins due to possible depreciation to around 4.50 USD. The digital currency is currently in the sell zone and will remain there for a few more weeks. The EOS price prediction for the end of November is  a much more encouraging estimate of 5.50-6.00 USD with positive outlook.

The EOS coin forecast for December is for the return of bullish market sentiment and rapid growth.

EOS prediction 2018

EOS vs Bitcoin

Many analysts predict bright future for the blockchain technology and cryptocurrencies. Unfortunately, several scalabilities and legal issued have hampered their expansion and subsequently reduce their prices.

The EOS protocol integrates the modern technologies, creating a nifty platform for easily usable and accessible services of dApps or decentralized applications. EOS tries to combine the best aspects from the most well-known blockchain networks such as Ethereum’s versatile and intense computing power and Bitcoin’s safe and secure ecosystem.

And if you still do not see the advantages of the EOS versus Bitcoin, see the differences:

 

Bitcoin

EOS

Launch date

January 3, 2009

June 26, 2017

Max. number of tokens

21 million

1 billion

Token uses

Digital asset

Native currency of EOS dapp platform.

Supported language(s)

C++

Any language that compiles into WebAssembly (WASM)

Consensus algorithm

Proof of work

Delegated proof of stake

Decentralized?

Yes

Yes

Transactions per second

7

50,000

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Stellar Price Forecast 2019 – At Breakneck Speed to $1 and Higher. Expert Opinions and Arguments

📈 Price Predictions
XLM price forecast 2019: 7+ predictions from websites and experts. Is a $1 XLM value possible?
Stellar Price Forecast 2019 – At Breakneck Speed to $1 and Higher. Expert Opinions and Arguments
Contents

Although Stellar is one of the top-10 world cryptocurrencies, it cannot boast a high price: XLM is stuck at the level of around $0.07. However, crypto experts are optimistic about the currency and predict a major Stellar breakout. What are Stellar price predictions 2019, and what can trigger XLM growth?

7 XLM price predictions 2019

The vast majority of Stellar predictions boil down to the fact that the Stellar price will soar this year and down the road. Let’s take a quick look at forecasts:

  1. According to the Altcoin Forecast website, their short-term Stellar prediction is a 10% gain from its current price, which means it can reach $0.08 by March.

  2. Wallet Investor, a technical analysis website, isn’t optimistic about short-term XLM perspectives, but the current price can provide you with a high ROI level: you can raise your riches by 5 times if you invest at the current price.

  3. The Investing Haven team agrees that 500% growth is possible if Stellar doesn’t face any security flaws and the overall cryptocurrency market performs normally. A listing on Coinbase can also give XLM a little kick.

  4. Monetize.info reckons that Stellar’s partnerships will promote a huge price growth for XLM to reach $2-3 as a result. Sounds fantastic, but Monetize isn’t always right when it comes to partnerships. Just think of it: Stripe gave Stellar a $3 mln capital injection a few years back, which Stellar immediately returned in XLM. Aside from Stripe, Stellar will be supported by such top dogs as IBM, Deloitte, and ICICI Bank.

  5. Oracle Times states that XLM will reach $1 in 2019 thanks to a partnership with IBM that added eight new validators in December. Jed McCaleb announced that over 30 banks are partnering with Stellar and mentioned SatoshiPay, Mobius, and Hashcash among them.

  6. In a report posted by Finder.com, Stellar was mentioned as one of the most promising crypto investments in 2019. It stated that XLM might reach $0.21 by February 2019 and that the market will reach $0.41 by the end of December 2019. Their prediction hasn’t come true yet, but we still have two weeks ahead.

  7. The Economy Forecast Agency provides another realistic forecast – their Stellar Lumens price chart analysis shows that XLM = $0.64 is possible by the beginning of 2020.

Stellar partners contribute to XLM integration all over the world

What do experts think?

Industry professionals cannot come to some mutual opinion – their forecasts differ a bit.

For example, Ben Ritchie, COO of Digital Capital Management, puts high hopes in the cryptocurrency industry. He said that Stellar managed to gain enough respect in 2018, so it will reach momentum in 2019 for further development. Its blockchain will continue solving problems, so the number of investors and partners is expected to increase. He believes that XLM will reach $0.14 by February 2019 and $0.35 by the end of the year.

Joseph Raczynski from Joetechnologist.com supported this statement. He highlighted that Stellar is to enter growth mode, and 2019 could be Stellar’s year. The currency can still reach $0.13 in February and climb to and $0.30 by the end of the year.

Whatever the XLM price predictions are, it’s clear that Stellar has a lot of potential to reach: its unique blockchain can render benefits for corporations and banks. Thus, a $1 XLM price isn’t such a fantastic number – in the world of crypto, everything is possible.

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 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
Contents

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?

📈 Price Predictions
The last week has been prolific for the crypto market with Bitcoin testing the key $4000 mark
Litecoin, EOS, Stellar, Monero Weekly Price Prediction. Can XLM climb to the Top 5 Soon?
Contents

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.

Subscribe to U.Today on Twitter, and get involved in all top daily crypto news, stories and price predictions!
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