📈 Price Predictions Thomas Hughes

Ethereum Price Prediction: Will ETH 2.0 Amount to Anything?

📈 Price Predictions
Ethereum price forecasts for 2018 are shifting as ETH 2.0 comes into focus. Will the world’s most advanced blockchain survive the upgrade?
Ethereum Price Prediction: Will ETH 2.0 Amount to Anything?
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Ethereum price forecasts for 2018 are shifting as ETH 2.0 comes into focus. The question now is, will the world’s most advanced blockchain survive the upgrade?

Ethereum price predictions began to move higher immediately after the blockchain’s founder, Vitalik Buterin, laid out a plan for Ethereum 2.0. Ethereum 2.0 is the sum-total of all upgrades and improvements that are in the works for the Ethereum network and a plan to implement them. The news has been long-awaited: Ethereum suffers from network slowness, poor scalability, and security flaws that have been capping its potential.

Ethereum predictions had been steadily falling up until the timeline was announced. The token had been trending flat and below the $200 for nearly a month with little to move it save hope. In the wake of the announcement, the token saw a resurgence of interest that took it to a one month high, although the gains were limited. While the news is good — ETH 2.0 is a good thing — we’ve been hearing about upgrades for a long time, and we’ve seen them postponed more than once.

The charts don’t look very bullish, although the bottom in prices is probably in. At this level, miners are breaking even or making a little money, which makes a strong level of support; they are not likely to sell their tokens at a loss. The ETH token is trending near long-term lows and is trapped within a trading range that will dominate the market until a real, true, actual launch of ETH 2.0 is revealed. Until then, all we have is hope that the timeline they’ve given is one they can stick too.

Ethereum price predictions 2018: ETH 2.0 will drive prices

So, what exactly is ETH 2.0? It is an upgrade to the ETH network that will facilitate the switch to Proof of Stake, improve scalability, and speed up transaction times. The switch to Proof of Stake will rely on the Casper update, one of many that have been in development for years. It will move Ethereum away from the less sustainable Proof of Work model while Sharding and ZK-Snarks will help speed up the network.

Proof of Work is the most common model of blockchain design. It is the protocol upon which Bitcoin, Litecoin, and many other “mineable” cryptocurrencies are built. The problem with Proof of Work is that it requires a lot of computing power — exponentially more than what it needed to verify the blockchain — and creates a lot of waste that could be avoided.

Proof of Stake is a blockchain protocol that requires miners to put up a stake, or deposit, in order to participate in mining activities. The miners earn a fee based on transactions instead of mined coins and are thought to be incorruptible because they have skin in the game (they could lose their deposit and more if the token fails, falls to zero, etc). Because Proof of Stake miners earn fees and not mined coins, there is no risk of mining all the coins and having the network fail, among other issues tied to POW mining.

Breaking Ethereum will make it faster

Sharding is the concept of breaking the ETH network into hundreds, thousands, or even millions of sub-chains in a way that are collatable across the network. This would create an environment with virtually unlimited account space and provide quadratic scalability. The double benefit of Casper and Sharding will be a much faster network and one that is much cheaper to use. The only problem — for traders and investors, that is — is that Sharding and ETH 2.0 are most likely not going to happen until 2020 or later.

ETH price prediction: ZK-Snarks will drive growth

Ethereum’s price forecast needs to take ZK-Snarks into consideration. ZK-Snarks, or Zero Knowledge-Succinct Non-Interactive Argument of Knowledge, is the technology that powers Z-Cash. It is a blockchain protocol that allows the verification of transactions without either side having specific knowledge of the transaction. It is in effect a means of using another blockchain to handle Ethereum transactions off-network in way that is seamlessly integrated with the greater Ethereum network.

Ethereum co-found Vitalik Buterin says using ZK-Snarks technology ETH can improve transaction speeds exponentially from the current 14-15 transactions per second to more than 500 transactions per second. The upgrade would be a major improvement for ETH and help it scale beyond the mere 6 transactions per second provided by Bitcoin.

This is how it would work. The Z-Cash ZK-Snarks system allows value (in the form of ETH or other blockchain tokens) to be stored on the Z-Cash network. The network then issues zETH (or zBTC etc) in its place and transactions based on that value are stored in the Z-Cash system. Later, when the ETH is returned to the ETH network, all transactions performed in the interim are accounted, but without having used Ethereum computing power.

While great news for ETH users and traders, there are still two drawbacks. The first is that 500 tps is still a far cry short of the thousands of transactions per second that payment processor Visa is able to handle — a fact that will limit ETH adoption by mainstream financial services if speeds can’t be increased further. The second is that the implementation date of the protocols is yet to be determined and may not come for many months.

Ethereum forecast 2018: Flippening at hand?

Ethereum has long been hailed as the world’s most advanced blockchain. When compared to Bitcoin and other single-purpose tokens, it is the equivalent of a smart-phone, whereas Bitcoin is an old-school rotary phone. You can use Bitcoin to dial up an address and send value, but you can’t run applications on it the way you can with Ethereum. This fact has been the driving force behind ETH predictions since it launched. However, with scalability issues, the uncertainty surrounding ETH 2.0, and the rise of other types of blockchain technologies, those same Ethereum predictions are suffering.

Ethereum’s main rival is Ripple. RippleNet is a blockchain focused solely on the problem of scalable, cross-border/cross-platform exchanges and atomic swaps of cryptocurrencies. It has seen exponential growth over the past year and recently announced a major deal with one of Europe’s largest banks, Banco Santander.

  1. Bitcoin is the leading cryptocurrency by market cap. It is worth more than $110 billion and 52% of the total cryptocurrency market.

  2. Ethereum is the second ranged cryptocurrency by market cap and worth about $21 million or 10% of the total market.

  3. Ripple is the third largest by market cap at $20 million and 9.5% of the total cryptocurrency market.

The news has prices for XRP, Ripple’s native token, moving higher and challenging Ethereum for its second-place ranking. Ethereum is the second largest cryptocurrency by market cap and commands about 10% of the total cryptocurrency market. XRP is the third largest by market cap and commands about 9% of the total cryptocurrency market. A flippening, as it has been labelled, would mean XRP has overcome ETH by market cap and become the second largest blockchain by value.

While this may seem like a negligible factor, it could very easily spark a mass exodus from ETH and inflow to XRP. To date, there have been several instances of micro-flippening, that is, a time in which XRP has briefly and by a small margin surpassed ETH by market cap. So far, none of these flips have resulted in a permanent shift in dominance but they could, especially if ETH fails to upgrade successfully or if Ripple is able to gain traction in global financial circles.

Ethereum prediction 2018: Trading is on tap

Ethereum price projections for 2018 are optimistic but based on anticipated upgrades that are yet to be delivered. This situation is likely to result in periods of upward price movement that may test key resistance levels but are not likely to result in a sustained rally, unless some other catalyst emerged to drive prices. A general rally in cryptocurrency markets may do it, but the more likely scenario is that US regulation and the launch of blockchain-based ETFs and other retail investment products will be the spark to drive ETH higher.

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

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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
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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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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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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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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?
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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 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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