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Fintech Analysts Predict Bitcoin, Altcoins Boost: Report

  • Yuri Molchan
    📰 News

    A panel of 14 crypto experts issues a monthly report on top 10 and top three trending coins for 2018

Fintech Analysts Predict Bitcoin, Altcoins Boost: Report
Cover image via u.today

Economic experts have long been split into two camps– first supporting crypto and, therefore, bullish on it, and the second– the old-school economists who see Bitcoin and other tokens merely as a bubble. This expert panel seems to consists of crypto optimists, although not all coins they mention will, according to them, make huge gains.

TRON (TRX)

According to the panelists, TRON will show the biggest gains by the end of the year. By December 2018 the coin will rise 342 percent. On June 28 the coin traded at $0.039 and according to the forecast, by the end of 2018 it will reach $0.173.

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Cardano (ADA) and EOS

The panel expects this blockchain coin to show the second biggest growth after TRX by the end of December– 299 percent. EOS is predicted to reach a 246-percent increase.

Bitcoin (BTC)

Perhaps, the most optimistic forecast was made regarding the major cryptocoin, the one that so many are betting on and which took the threshold of $20,000 last December. The experts predict BTC to reach $15,372 by December 2018.

Although back in January the same research panel predicted a much bigger rise- $33,000– their current outlook still remains quite positive.

Monero (XMR)

This anonymous coin, according to the report, will achieve the smallest growth– only 66 percent. This is the second time in a row that the expert panel has forecast the smallest rise by the year-end for this asset.

Short-term predictions

The panel has also issued an outlook for coins by Aug. 1, 2018. TRON and Cardano are expected to put on gains of 207 percent and 85 percent, respectively. IOTA is supposed to rise only one percent.

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Market capitalization reports

As for market cap numbers, the panel has chosen for its research Bitcoin, Bitcoin Cash and Ethereum, since only these three tokens have the reported number of coins available.

Bitcoin is expected to rise by 155 percent. That is the highest predicted growth.

Ethereum market capitalization should grow by 112 percent.

Bitcoin Cash– 97 percent.

The full report, including the panelists’ comments, can be found here.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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