Cryptotips Andrew Strogoff

Major Cryptocurrency Market Analysis Methods

Cryptotips
Cryptocurrencies’ analysis methods, technical and fundamental forecasting, how to combine both methods
Major Cryptocurrency Market Analysis Methods

When you trade this or that coin, you need to take an important decision whether to buy it or to sell. You can either guess future price direction or forecast it using one of two (or both of them) analysis methods. This trading guide being a part of our education course is related to Technical and Fundamental forecasting methods that are widely practiced by professional traders.

Technical analysis

This type of market analysis involves trading charts. Traders, using this method, work with different timeframes and tools in order to make a forecast of future price fluctuations. Technical analysis is the simplest one as traders don’t need to have special knowledge in economics.

This forecasting method was initially developed for stock markets in the US by financial journalist Charles Dow. He has noticed three main chart features that form the basis of technical analysis. Here they are:

  1. Fluctuations have repeatable nature meaning the situation that took place earlier, may repeat in future.
  2. The price includes everything meaning quotes comprise all political and economic events already.
  3. Prices have tendencies meaning all fluctuations have a certain direction on different timeframes.

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Why do many traders prefer to work with technical analysis? This method of quotation forecasting is truly the easiest one. All the information can be read on charts. Some traders believe that you don’t need even to look for the events that are price drivers as they are all included in final asset’s cost.

The other reason why this forecasting method is very popular– it offers plenty of trading tools such as patterns, indicators, as well as different theories helping traders to find entry points.

Technical analysis is self-sufficient as it may be used without any other trading techniques in order to analyze the markets. Some professional traders have never used Fundamental method to predict fluctuations.

Technical analysis is truly a cross market method as you can use it trading stocks, Forex currency pairs, cryptos as well as all types of derivatives.

Trend and counter trend trading

The main task of every trader and investor when dealing with financial markets in general and cryptocurrency, in particular, is to define trends. There are two global approaches to work with them. Most traders try to find tendencies and to open positions along them.

The second approach is to define a trend and to trade in the opposite direction (during corrections of reversal periods). Both of those methods are vital and useful. However, the second one is mostly used by professional traders as it is more difficult to place orders catching price corrections or trying to find reversal points.

Both trend and counter trend methods require knowledge in Technical analysis meaning you need to be able to find a tendency at least.

btc

Let’s take a look at BTC/USD chart. For beginner traders the “naked” price chart looks like that. They see just price fluctuations and nothing more. They can earn here by placing orders randomly and sometimes they win. However, successful trading means having a positive balance in the long term. You need to understand that you will not be able to close all your trades with profit as there is no 100 percent iron-clad trading strategies. However, you can increase your chances significantly by using technical analysis at least.

btc

Let’s have a look at the same chart but this time, we have drawn a line, which is called trend line. We have added just one graphic tool and the situation on the chart looks much more understandable. What can we say about all those price fluctuations?

The currency pair (BTC/USD) has a downtrend first. The price fluctuates most of the time below it but returns sometimes to test it as buyers are trying all the time to change the balance. How to use this information?

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You can use opportunities when the price reaches the trend line from below to sell, or find entry points in the beginning of corrections (when the price goes upwards) in order to buy doing counter trend strategies.

This is just a simple example of how technical analysis works. We are going to tell you more about it in our special guide, related to this forecasting method.

Fundamental analysis

Another way to forecast cryptocurrencies’ price fluctuations is to use the fundamental method of quotes’ prediction. This technique is more complicated as it requires skills, knowledge and experience. Classical Fundamental analysis is based on economic, political events as well as inner companies’ data (when is used for stocks).

As for cryptocurrencies, this method studies project and technology behind any coin as well as the general situation on the crypto market. Fundamental analysis should be applied for a long-term period as it is impossible to see its impact in one hour or even one day.

For example, we have a new coin, which is in pre-ICO period currently. We need to understand whether it is promising or not. However, inner project analysis is not the only way to examine the price. You also need  to understand the global picture of the cryptocurrency industry.

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There are some events that may provoke significant price changes. When China banned ICOs in 2017, cryptos went downwards as investors feared the next steps from China’s government. In addition, cryptocurrencies are very popular in China and such steps make local investors to get rid of cryptos.

However, you should understand that it makes no sense to analyze coins for longer time periods as this market is very flexible and fluid. The perspectives of most coins are still underestimated. The majority of projects are still in progress meaning they have conducted ICOs already but are far from being implemented or are in beta testing mode.

The main postulates of the Fundamental analysis are the following:

  1. All price changes result from certain reasons meaning all traders and investors are taking decisions relying on some aspects that may according to their opinion, provoke any trend.
  2. One can find the reasons of price fluctuations when conducting a detailed study of facts related to a certain asset.
  3. Every event that happened is going on right now or is planned for future will be the reason for some consequences that may affect quotes changes.
  4. If one knows all the facts that are likely to have an impact on prices and do the right logical deduction, he can forecast the future of an asset.

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All those postulates are actual not only for stocks and Forex but for cryptocurrencies as well. However, Fundamental analysis of cryptos have some features that distinguish it from Fundamental analysis of other markets. Here they are:

  1. Cryptocurrencies have traits of both stocks and currencies as they are part of different projects. Nowadays all cryptos are developed as kind of assets that project team gives to investors in change of fiat money or other cryptocurrencies. Those coins enter exchanges later and may be bought there.
  2. This industry is decentralized. There is no authority to regulate the market. Every project establishes its own rules of the game (the total amount of emission, type of consensus mechanism etc).
  3. Cryptocurrencies are still far from full integration into real economics meaning they are not widely used by businesses and customers to conduct transactions and pay for goods and services.
  4. Coins have no physical incarnation as compared to fiat currencies and stocks.

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“Wars” between the adepts

There is a true “Holy War” between those who practice technical analysis and conduct the fundamental method of quotes forecasting. The first try to prove that their approach is better and the only right to predict prices. The second says that it is impossible to understand future fluctuations without learning fundamental basics.

If you read several forums related to trading and investing, you will obviously find users arguing with each other trying to persuade the opponents in their rightness. This “Holy War” began long ago with the appearance of margin trading and still continues as nor “technicians” neither “fundamental” adepts are able to win. Here are some arguments that both sides use in their disputes:

  1. Technical analysis is illustrative as you can see all the necessary information on the chart. Fundamental forecasting method cannot be “seen” or “touched.”
  2. You need no events to predict the quotes as all of them are already included in the price.

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However, those who prefer Fundamental analysis say that you will not have the complete picture of any market you choose if you avoid looking for important events and take them into account when trading.

Both sides have their reason and both of them are right as Technical analysis method is as important as Fundamental one.

Combining both forecasting methods

The best way is to use Fundamental forecasting along with Technical especially when you deal with cryptocurrencies. Why is it  important to practice both of them? First, cryptocurrency industry is not regulated.

There are many scam coins that you can detect using Fundamental analysis. They are not worth trading at all as they have no perspectives in future. Can you find such cryptos using traditional technical analysis? Certainly, you don’t even have a single chance to succeed.

Combining both methods is important for traders and long-term investors as they can see the promises behind this or that project and apply them on charts with indicators or graphic tools in order to see whether they coincide or not.

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How to apply those analysis types when trading? When you deal with any new coin, you need first to learn more about the project and its perspectives. To do this, you have a wide range of tools including White Paper document, website information, project team and Roadmap. When a coin passes this first “scam test” you can go on with analysis examining charts.

Professional traders and investors always combine both methods attempting to get better results. This approach is more difficult as you have to gather much more information in this case. Apart from chart data that you need to examine carefully, you are to look through general situation in the crypto industry along with penetrating into coin’s background.

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Why is it better to combine those forecasting techniques?

  1. The complete picture of the market. Sometimes it is better to know the drivers along with studying charts.
  2. Confirmation. Using both techniques you will be able to confirm your trading signals. It is easier to take decisions when analysis results coincide.
  3. Flexibility. The more tools you use to find entry points, the more flexible your trading strategy is.

This article gives the basics of both analysis methods. We are going to describe them in our next posts. You will learn more on types of Technical analysis and several practical recommendations on fundamental method.

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⭐ Features Andrew Strogoff

Bitstamp Review: Cryptocurrency Exchange For All Types Of Traders

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Bitstamp is a very tough player of the crypto exchange industry, offering many features to its clients
Bitstamp Review: Cryptocurrency Exchange For All Types Of Traders

trading platform

Hello, mates. I know that many of you are looking for a trading place where you can buy and sell both cryptos and fiat money. This review is related to Bitstamp cryptocurrency exchange. Here I will cover such points as registration procedure (including personal verification), trading features, conditions (including fees) and some other important aspects.

Before I start describing the main features of this trading platform, I would like to familiarize you with the company itself. Bitstamp is one of the oldest cryptocurrency marketplaces in the world. The company began its activity in 2011 in the UK. However, later they have opened other offices in Luxemburg and New York. Crypto exchange Bitstamp received its license in Luxemburg.

This marketplace is widely known within the cryptocurrency community and I would tell that this is true as you hardly can find a trader who heard nothing about it. Moreover, several famous and popular tabloids like Forbes, Coindesk, Reuters have mentioned Bitstamp in their articles. The company has established cooperation with Ripple, CACEIS and Swissquote.

This crypto exchange trading place offers English only. There are no other language options at all. However, it gathers traders from all over the world.

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How to create an account with Bitstamp

Before you start trading with this exchange, you need to create your account. There are no difficulties to do it, as the form is very easy. You need to fill in your name, email address and accept terms of use and Bitstamp Privacy Policy.

 account with Bitstamp

Above you can find the form that I have already filled in. After pressing on “Register” you will proceed to the second step. You will be sent an email with a confirmation link in order to end account creation procedure.

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Once you have created your account, you can proceed with its verification. Here I want to make a reservation. I think it is not a secret that there are trading platforms with no obligatory verification procedure, meaning without confirming your identity, you will be able to trade but with some limitations.

Bitstamp requires verification from all service users without any exception. Moreover, you will not be able to proceed to deposit and withdrawal step before you confirm your identity. This requirement is obligatory because the platform has a license.

Now I am going to stop on details of the verification procedure. After you have created your account, you can login and navigate to “Verify account.”

I can say that this procedure is a bit harder than creating an account as you have not only to provide your personal data, but also to provide exchange with your ID documents scans. What kind of personal information is required?

You need to provide Bitstamp with data, indicated in your ID. Additionally, you need to upload the following documents:

  1. ID photo.

  2. Proof of residence document photo (this can be your bank statement, utility bill or taxes certificate, for example).

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How to deposit and withdraw money

Bitstamp offers the opportunity for all its clients to deposit and withdraw in both fiat currencies and cryptos. You can use, for example, VISA or MasterCard as well as SEPA (European Bank). As for cryptocurrencies, you are allowed to deposit and withdraw with Bitcoin, Litecoin, Ripple, Ethereum and others.

How to place your first order with Bitstamp, order types, trading tools

When you have already created your account and verified it, deposited some amount, you can start trading. Here, I want to make a couple of points for you to pay attention to. Bitstamp offers a high-quality trading platform with several features including professional charts and some other important.

The first thing that I have noticed when I have entered the platform for the first time was the number of currency pairs, which is lower as compared to the most of competitors. The number of pairs is slightly above 10.

order typesNow let’s get down to the trading platform. This is a very important aspect for every trader as charts allow users not only to see the current price but also to analyze it using historical data. Bitstamp offers modern full functional chart with several trading tools.

Take a look at the screenshot. You can see there candlestick chart. In the upper part of the chart, you can choose indicators and different graphic tools. As for indicators, there are many useful algorithms including the most popular Bollinger Bands, ADX, ATR and the others. Graphic tools are represented by different types of lines and other geometric patterns. Here you can find Fibonacci retracement as well.

Before you open any trade you need to choose a trading pair. This option is also available in the upper side of the platform. The next step is to choose the order type. Here I want you to pay attention to the different types of trades that are available with Bitstamp: they are the following:

  1. Instant order. The easiest one that is recommended by the exchange to beginner traders. Here you buy or sell cryptocurrency at the current market price.

  2. Market order. Is it a kind of instant order, but you can buy or sell cryptocurrencies at best prices. This order is suitable for those who have some trading skills already and want to improve their entry points.

  3. Limit order allows traders and investors to choose the price at which they will buy or sell cryptos. This one is suitable for professionals and skilled market players. The main idea of this order is to set a price at a desirable level and wait for the crypto to reach it.

  4. Stop order. This kind of trade allows users to limit their losses in case if the price goes in the opposite direction.

Once you have chosen your pair and order type, you can input the amount you want to sell or to buy and start trading. As far as you can see, there is nothing difficult here.

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Bitstamp fees

Almost all cryptocurrency exchanges take their fees not only for trading but also for deposit and withdrawal procedures. Trading fees at Bitstamp are diversified meaning the more you trade, the less you pay. This is a fair approach, I think as exchange earns more when you have higher month trading volumes.

As for deposit and withdrawal fees, they are taken by the company but they do not come directly to the company’s pocket as this money goes to payment systems.

The highest trading commission rate is 0.25 percent. It is taken from all those who’s monthly trading volume is below $20,000.

Security and support service

I have a good news for you. Bitstamp requires two-factor authentication since June 2018. This is a mandatory procedure, which increases the security level of your own trading account. You can use both Google Autenticator or Duo Mobile services.

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Moreover, you can switch on notifications about all the important events that take place in your trading account. Those messages will be transferred directly to your email address. This allows users to get updates on all the important events and take measures in case of any suspicious acts.

As for the support service, some users say that sometimes it takes time to receive any answer from the team. The speed of reaction is slow, but to tell the truth, I think that this is due to the inflow of investors. Bitstamp is one of many exchanges having such problems and I hope they are going to solve them in the future.

Pros and cons

This is my most preferable part of any crypto exchange review. Here I’m going to underline those pros and cons I think the most important of the company. I’m going to start with advantages. Here they are:

  1. Great working experience. Bitstamp operates since 2011. The team does not hide their members, which is a positive aspect as they are trusted by the crypto community.

  2. Bitstamp has its license and operates according to legislation. Users may be sure that their money is safe and they will not be scammed by the administration.

  3. Liquidity. This exchange has high liquidity as there are serious daily trading volumes. This means that the currency pairs are less volatile and you can use all types of orders.

  4. Several payment methods allowed. Bitstamp offers not only cryptocurrencies but also fiat money. You can deposit USD and EUR as well as withdraw them from your trading account. Credit and debit cards such as MasterCard or VISA are also available.

  5. Friendly user interface. I heard no complaints about Bitstamp’s interface from users and I found no negative testimonials about it.

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And now I’m going to share with you my negative thoughts about the exchange. They are not numerous, but I think it will be interesting for you:

  1. Verification requirements. This is not the big problem, but I think there are those who want to stay anonymous in crypto industry. Bitstamp does not allow to stay in shadow as every user has to do the verification procedure before getting access to trading.

  2. A small number of cryptocurrency pairs. It is true. You will not find any altcoins from above the top 20. However, Bitstamp offers in its turn the possibility to work with hybrid pairs including USD and other fiats. The exchange can be used as your pass into the world of altcoins as you may buy BTC or ETH here and then transfer those cryptos to other exchanges with a wider range of pairs, which do not support fiat money.

  3. Lack of localization. The website is in English only. Other languages are unavailable. I’m far from thinking that the international language is not enough for such a trading platform, but for some traders, it may be a real problem to work with the exchange.

Bitstamp overview

Before making the full stop, I would like to make a brief overview of this crypto exchange. I’m not going to give any recommendations as it is up to you to decide whether to place your investments there or to find some other trading platforms. However, I want you to pay attention to some interesting moments.

Bitstamp operates since 2011 and there were no significant security issues. This is the first thing that I have paid attention to. Bitstamp offers great opportunities for all those traders who want to use technical analysis in their trading routine as there is a large number of indicators and other important tools available.

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Cryptocurrency Margin Trading - Explanation for Beginners

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The article runs about all the peculiarities of margin trading which may be useful for inexperienced traders
Cryptocurrency Margin Trading - Explanation for Beginners

What is Margin Trading? 


Margin trading, to put it simply, is the practice of taking loans from a broker in order to buy more than you can afford. Before looking into the peculiarities of cryptocurrency margin trading, let us consider one simple example. A person, who wants to buy a $200,000 apartment with only $20,000 on hands, will have to go to a bank and apply for a loan (a leverage). After performing the customer due diligence, the bank may approve his mortgage and give money for investment. If the price of apartment goes up, this individual will significantly profit off his small initial investment. 
 

Bitcoin Margin Trading 


Bitcoin margin trading is, in fact, very similar to getting a mortgage, but here you deal with crypto instead of real estate. You open a position with leverage and pump up your buying power by taking loan from a broker on one of the cryptocurrency exchanges that allows margin trading.
 

NB! The money lent to a trader come from an operating account, so customer funds are not used by a broker. However, some exchanges allow borrowing directly from other users. 

Then you can invest your leveraged funds in any available cryptocurrency that, as you believe, has the potential to significantly increase its value. For example, you can buy 100$ worth of Bitcoin Cash (BCH) with only 20$ of your own money (if the leverage ratio is 1:5). If the price of BTC remains the same, you break even, but any BCH price spike will result in profit (that would be significantly lower if you weren’t trading with leverage).       
 

Leverage Ratio 


The sum of money that an investor is able to borrow from the exchange is determined by the leverage. Leverage amount is presented as ratio (1:2, 1:3 and son on). Traditional traders are conducted with 1:1 leverage.    

Compared to Forex trading, cryptocurrency exchanges have a rather low amount of leverage due to the fact that this market is still highly volatile. Cryptocurrency traders will not find any brokers that are willing to lend out funds on a mammoth scale with 1:500 leverage or higher.    
 

Margin Trading Risks 


Before engaging in margin trading with cryptocurrencies, you have to remember that it comes with significant interest rates and fees. Inexperienced investors may be tempered to take advantage of market volatility and gain huge profits, but there is always a huge risk if you choose to trade with leverage.

  1. Equity threshold. In order to engage in margin trading with Bitcoin, your equity level has to be above a specific threshold (for the majority of exchanges it is about 30 percent). If your account’s equity falls below this threshold, you won’t be allow to open a position unless you make an additional deposit.
  2. High interest rates. Crypto exchanges profit from Bitcoin margin trading (US) by setting interest rates which are quite high (especially, for long-term investments). Consequently, if the predicted price jump doesn’t happen anytime soon, it is better to close a position, since the constantly increasing interest rate may soon diminish your profit. Therefore, trading with leverage is a good option if you want to take advantage of an ongoing bullish trends, but it is a no-go zone for beginners who want to capitalize on long-term investments.  
  3. Huge losses. As mentioned above, the instability and sensitivity of crypto market won’t let broker implement a higher amount of leverage. Even opening a position with, say, 1:5 leverage may lead to huge profits if stars align. However, you may lose everything as well. Apart of sending a  'goodbye kiss' to your initial investments, an investor may find himself in a situation when he will have to give back the borrowed money and pay back the interest rate.


As you can see, before diving into the wilds of Bitcoin margin trading (USA), you have to minimize your risks to almost non-existent. It can be a powerful tool for cryptocurrency investors, but make sure that you won’t sink below a break-even point, and you initial investment will cover trading fees and the interest rate.
 

Forced Liquidation 

  
Once we’ve covered the risks, it is also to introduce the notion of forced liquidation. Forced liquidation presupposed that all you margin positions get closed to make sure that you won’t default on your borrowed funds. It is vital to regularly check your positions and reduce their size to prevent substantial losses and consequent forced liquidation.       
 

Best Margin Trading Exchange  


A large number of cryptocurrency exchanges (Bitfinex, Kraken and so on) offer their users a possibility of trading with leverage. No matter what exchange you choose, the process of opening a margin position generally remains the same. However, there may be significant differences when it comes to fees, the initial equity and the amount of leverage and available assets, so it’s completely up to you to choose the best margin trading cryptocurrency exchange. 

To show you how margin trading works, let’s have a look at a Hong Kong-based exchange Bitfinex that allows opening positions with up to 1:3.33 leverage. The short guide, which presented below, will show you how to use this Bitcoin exchange for margin trading with both long and short positions.     

  1. After creating an account and depositing funds, you have to choose the ‘Trading’ section and select a desired trading pair. 

    image
     
  2. Then go to the ‘Margin’ section and place an order specifying the amount of your investment, leverage ratio and order type. 

    image
     
  3. Click the ‘Margin Sell’ button in order to finish your order and open a position. 

    image
     
  4. Your position can be closed at any time by using the corresponding button. Borrowed money will be automatically repaid to your broker while gains/losses will be credited to your margin wallet.  

Here’s a table which lists popular exchanges with margin trading along with the maximum amount of leverage that they can offer. 
 

Crypto Exchange 

Maximum Leverage  

BitMEX

1:100 (BTC)  

1:50 (ETH)

1:20 (XRP)   

Bitfinex

1:3,33

Huobi

1:5

Poloniex

1:2,5

 

1:5 (BTC and ETH)

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Monero Price Prediction 2018\20\25: How Much Will XMR Cost?

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How much will Monero coin cost in 2018/20/25?
Monero Price Prediction 2018\20\25: How Much Will XMR Cost?

As major cryptocurrencies like Bitcoin and Ethereum are continually growing in popularity, other minor altcoins follow their suite. Being enlisted in the top 20 world cryptocurrencies, Monero is now considered to be a good investment. But what makes it so attractive for traders and investors? It’s time to reveal key advantages of this coin and read Monero price prediction for the short and long terms.

Let’s start with the explanation of Monero’s origin and nature.

What is Monero?

In July 2012, the world witnessed the implementation of CryptoNote application layer protocol that was designed to work with different decentralized currencies. Although it is similar to the application layer used for Bitcoin, there are some principal differences, as well. Initially, Bytecoin was the first implementation of CryptoNote layer, but since about 80 percent of coins have already been published, it was decided to make a fork for a new chain and new coins. This chain was called ‘Bitmonero,’ and eventually turned into ‘Monero.’ In this chain, a new block is mined and added every two minutes.

benefits

Advantages of Monero

The fundamental principles of this cryptocurrency are total privacy and transparency. When creating Monero, the team was striving to make a fully decentralized and private electronic currency. Therefore, Monero has five important merits:

  1. 100% privacy. Only you can manage your XMR coins and see the details of transactions.

  2. Great fungibility, which means the asset can be easily exchanged for goods or other assets.

  3. Dynamic scalability. While Bitcoin has imposed a one Mb block size limit on users, Monero has no pre-set size limits but reduced the amount of reward depending on the block size. Blocks lighter than 60 Kb are free from reward penalties.

  4. Resistance to ASIC (Application Specific Integrated Circuit).

  5. It uses multiple private and public keys for a higher security level.

Monero vs other currencies

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Before we proceed to Monero prediction, let’s underline the basic differences between XMR and other coins:

Monero

Bitcoin

Ethereum

Total supply– 18.4 mln XMR + 0.3 XMR/minute

21 mln BTC

72 mln ETH

Proof-of-work protocol

Proof-of-work protocol

Proof-of-work protocol (will be changed to proof-of-stake)

CryptoNote algorithm

SHA-256 algorithm

Ethash algorithm

Block time– 120 seconds

Block time– 10 minutes

Block time– 15-45 seconds

Monero price prediction 2017

Just like it happened with many other top 20 cryptocurrencies, Monero caught the wave of popularity and Monero crypto prediction was not justified– it was outperformed. At the beginning of 2017, the currency was worth $15 and started growing in Spring 2017. People thought it would reach $35-40 by Autumn, and gain maximum $100 by the end of the year.

Surprisingly, XMR crawled to $41 in July 2017 and soared in price by December. It reached the maximum price of $431 on Dec. 12 2017, and fells as quickly as it rose during the following month. Therefore, Monero prediction 2017 was not as optimistic as things turned out to be – no one could predict the global crypto price explosion.

Monero price prediction 2018

At the beginning of the year, Monero 2018 prediction was more optimistic: investors hoped it to at least stay at the level of $200-300. However, Monero shared its lot with other altcoins and nosedived to $140-150 with eventual price fluctuations in Spring. Another unexpected turn we couldn’t foresee.

What about the second half of the year? Monero prediction 2018 is contradictory. The rumor goes that investors can contribute to artificial deflation to increase momentum and push the price down to around $120 in the following months.

At the same time, if Monero doesn’t become a victim of speculators, the rising demand for it will make XMR price soar to $350-400 by the end of the year. The same Monero 2018 price prediction is provided by some experts.

What about technical analysis? Monero price prediction in 2018 varies from source to source. While longforecast.com predicts it to fall to $107 within the next month, WalletInvestor.com displays it can grow to $300 within a year (which means it can reach about $200 by the end of 2018).

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Monero price prediction 2020

The further, the better: when it comes to long-term forecasts, the vast majority of online predictors agree with one another. Providing information from different sources, WalletInvestor gives us the following numbers:

  • Google - $637

  • PayPal - $419

  • Smartphone analysis - $319

  • Internet users - $612

  • Data increase - $279

All that means that Monero coin price prediction may be different, but the vast majority of Internet users stake on its growth. Even longforecast.com displays that XMR can grow from $150 to $30 during 2020.

Monero in 2025 – your chance to compensate investments?

Want to make a long-term investment? Think twice before choosing Monero for that. Although websites show appealing prices as $1,500, $6,000, and even higher, you need to take the real value of coin into consideration. Is Monero technologically more advanced than Bitcoin and Ethereum? Yes, but slightly. Although the Internet community is concerned about security and privacy of transactions, Monero isn’t the only platform that offers it– it can be easily outperformed by competitors if the team will not introduce new unique features.

What the forecast depends on?

When it comes to Monero difficulty of prediction is conditioned by the fact that investors’ actions are hard to foresee, and the number of competitors offering some unique and cool features is also growing. Among the benefits that contribute to Monero popularization are the following:

  • It ensures unbeatable privacy.

  • Transactions cannot be linked or traced.

  • There’s no block limit, and XMR is dynamically scalable.

  • When all XMR is mined, there will be extra coins to incentivize the miners.

  • There’s a strong team behind Monero.

At the same time, some people don’t rush to make too optimistic price prediction for Monero because it doesn’t have enough wallet compatibility yet, not beginner-friendly, and the amount of encryption involved is too huge. Time will show whether Monero can live up to our expectations.

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Wikicoin George Shnurenko

Bitcoin Cash Price Prediction 2018\20\25: BCH Forecast

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Is this altcoin promising enough to invest in it?
Bitcoin Cash Price Prediction 2018\20\25: BCH Forecast

Bitcoin Cash is gaining its value not only due to its parent Bitcoin cryptocurrency. Investors start realizing that it's one of the most convenient ways to pay with crypto and withdraw the virtual assets. Is this altcoin promising enough to invest in it? Let's read Bitcoin Cash prediction to find this out.

Is Bitcoin Cash much different from Bitcoin?

Although Bitcoin continues its reigning on the cryptocurrency market, it’s far not the best coin from the technological standpoint. The number of transactions it can process is only seven per second– this is too slow. For reference: Visa processes transactions at the rate of 1,700 per second having the capability to process over 24,000 transactions per second.

Due to increasing popularity of Bitcoin, people started mining it hard and the mining pools gave about 80-90 percent of their power for BTC mining. That required a lot of energy and room for storing data.

Advantages of Bitcoin Cash

In July 2017, the Bitcoin community voted for the introduction of SegWit2x technology– it minifies the volume of blocks to be mined by removing signature data. However, the size of the blocks still continues increasing, and now the blocks can weigh even one GB and more. Of course, that slows down the mining process and makes it less efficient.

Understanding that, miners and developers have introduced a hard fork of Bitcoin– Bitcoin Cash.

It has optimal block sizes (eight MB against one MB in BTC which boosts safety) and ensures a great speed of the verification process.

How has Bitcoin been improved?

In other words, Bitcoin Cash is a better version of Bitcoin. So what’s changed?

                            Bitcoin

                                        Bitcoin Cash

A standard block is one MB maximum.

Uses power blocks of eight MB maximum.

Uses SegWit– the signatures can be discarded from the Blockchain.

SecureSigns– signatures must be secured and validated on the Blockchain.

It has been developed by one centralized team. Bitcoin Core is the only implementation.

Has been developed by several teams and features several client implementations (Bitcoin XT, Bitcoin Classic, Bitcoin Unlimited, etc).

Off-chain payment channels.

On-chain transactions and increasing for block size.

About Bitcoin Cash price prediction 2017

Just like its parent coin, Bitcoin Cash experienced an exponential boost in growth in 2017. Justifying the major community’s prediction Bitcoin Cash has started quickly making its way to the top and managed to reach important cost milestones. The coin was launched at the price of $250, and the next day, it already cost $651 per coin! In the middle of the month, it already cost $900.

How Bitcoin Cash price changed in 2017

Of course, its development has been accompanied by hot debates over what’s better– the original of the ‘affiliate’ coin. The value of Bitcoin cash started falling when people realized that the fork is not a versatile answer to the problem of BTC scaling. Although it gained the maximum of $2,442, Bitcoin Cash price prediction for further months wasn’t justified– like all other coins, it started falling at the beginning of 2018.

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Bitcoin Cash prediction 2018

Different sources provide us with different Bitcoin Cash 2018 prediction:

  • According to technical analysis (cost estimated is done by software based on the price trends and trade volume), within a year, the coin can raise to $2,363.42 doubling in its value. So if you invest $100 in Bitcoin Cash, you can earn $211 within a year. That’s what Walletinvestor.com claims.

  • Alternatively, tradingbeasts.com says that Bitcoin cash can grow to $1,930–$2,838 in December 2018. That’s almost the same Bitcoin cash price prediction 2018.

  • Roger Ver, one of Bitcoin millionaires, says that the currency will continue its growth, and Bitcoin Cash will double its price in the coming months due to simplicity and convenience of use.

  • A less reliable but popular smartereum.com predicts 500 percent growth of BCH cash– the cost can grow to $6,700 within less than a year!

  • Similarly, profitconfidential.com claims that Bitcoin Cash will reach the price of $7,000 by the end of 2018.

As we see, most Bitcoin Cash 2018 price predictions are optimistic, and traders see it as a better Bitcoin alternative that brings about a lot of benefits, including fast transactions and low fees.

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Bitcoin Cash prediction 2020

When looking for 2020 Bitcoin Cash price prediction today, we can see that most sources provide almost the same information:

  • Tradingbeasts.com predicts that Bitcoin cash will cost from $4,037 to $5,937 by the end of 2020.

  • Brian Kelly, a cryptocurrency expert, didn’t mention any certain numbers but said that this is one of the most promising coins that every smart trader should buy.

  • priceprediction.co claims that by the end of 2020, Bitcoin Cash price will grow to $9,562.28.

Bitcoin Cash long term prediction

When it comes to Bitcoin Cash five-year prediction, there are not so many opinions regarding it. According to Walletinvestor.com, the price of Bitcoin Cash will rise to $7520.50, which means the growth of 572 percent- that seems to make sense.

If we look in smartereum.com Bitcoin Cash price chart prediction, we’ll see that Bitcoin Cash can raise to  $24,600 within five years. That seems to be too optimistic. With such high volatility, it’s hard to make any predictions– price movements are sudden.

What can affect the coin value?

There’s a myriad of factors influencing the Bitcoin Cash prediction: Reddit users have shared their opinions and claimed that the development of Bitcoin cash can be affected by the following things.

  • The dominance of Bitcoin.

  • Other advanced altcoins.

  • Poor adoption of technology.

  • Centralization of mining.

Should I invest in Bitcoin Cash?

Bitcoin Cash prediction today is not just optimistic– it seems to be close to reality. Besides, considering the current Bitcoin Cash prediction flip, the forecasts are expected to be justified pretty soon. Therefore, if you’re still in the dark about Bitcoin Cash and want to make your first investment, it’s high time to do it now– you can surely double the sum within a year.

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Cardano Price Prediction- How Much Will the Cost of ADA be in 2018\20\25?

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Want to invest in Cardano? Find out what Cardano price prediction for the following years is
Cardano Price Prediction- How Much Will the Cost of ADA be in 2018\20\25?

Although it appeared recently in September 2017, Cardano quickly made waves and even got to the top 20 world cryptocurrencies with a considerable market cap.

Of course, the coin has attracted the attention of investors from all over the world, and if you’re planning to join their rows, you need to be aware of Cardano price prediction. This is the right place to get such information.

Let’s clear up what Cardano is, and what specialists say about the perspectives of this coin.

What is Cardano?

Just like Ethereum, Cardano is exploited for the development of decentralized applications and use of smart tokens. However, this is where the list of common features ends: in fact, Cardano is an improved version of Ethereum that belongs to the third generation of the Blockchain, more scalable, and more interoperable.

Ethereum

Cardano

Market capitalization- $92 bln

Market capitalization- $4.8 bln

Uses single-level smart contracts

Uses multi-level smart contracts

Uses Proof-of-Work (Proof-of-Stake is being developed)

Uses Proof-of-Stake

Second Blockchain  generation

Third Blockchain generation

Being the native cryptocurrency of Cardano Blockchain platform, ADA coin is used to perform transactions. The technologies underlying this cryptocurrency are open source, which means that the development of this platform was made very simple. Being based on peer review procedure, Cardano Blockchain is developed by the community together with its founders.

Was Cardano ADA prediction justified in 2017?

Right from the moment of its appearance on the market, Cardano was ranked high by investors. Starting at the price of $0.02, it gradually made its way to $0.1 by the end of autumn and managed to reach $0.5 in December, when all major cryptocurrencies soared in price. Therefore, in the last year, ADA Cardano price prediction was even exceeded.

But it’s not the end– on Jan. 4, 2018, Cardano reached the cost of $1.22, which means the return of about 6,000 percent within three months! During this short time, the market capitalization has also grown from the initial $0.56 mln to $31 bln. But just like all other cryptocurrencies, ADA went through a significant crash in the first quarter of 2018.

Investors still buy Cardano thanks to its technological superiority over other cryptocurrencies. Besides, the team developing it is highly credible.

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Cardano price prediction 2018

If we take a look at the first quarter of this year, Cardano coin price prediction 2018 was justified– a lot of specialists predicted a significant surge of all cryptocurrencies, and ADA wasn’t an exception.

After experiencing enormous growth in January, it started falling in price. Cardano 2018 prediction for Spring was about $0.2– that’s close to the reality that happened. At the beginning of April, ADA was worth $1.4, then experienced a minor growth to $0.3, and got back to its current level of $0.15.

If we perform a technical analysis to make Cardano price prediction for 2018 using the price trends and trading volume trends, the average price by the end of the year will be $0.42. This is what most websites for investors predict.

However, while WalletInvestor gave pretty much the same forecast in April, now the website says that ADA is not a good investment, because it will lose its price completely (it’s not clear what this forecast is based on).

ADA 2018
Evidently, optimistic 2018 prediction hasn’t been justified

Relying on technical analysis, Cardano prediction 2018 is that the investment will bring you a 35 percent return, which is also a positive tendency. Considering the rising of the coin in January 2018, the maximum price which ADA can reach is $2.1 (if the market cap reaches $50 bln).

What is clear now is that Cardano is becoming a more and more competitive player on the market of crypto, but its success will depend on the level of adoption– since the coin is supported by a broad community, its value will continue growing.

Another Cardano 2018 price prediction is based on the supposition that ADA will be widely used in Japan and the Eastern Pacific, which will give it a boost to rise to the threshold of $0.22. The market cap can reach $40 bln by December 2018.

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Cardano price prediction 2019

According to experts, in 2018 Cardano price prediction isn’t as optimistic as in the upcoming years due to the fact that it needs to be popularized further and get enough support from the crypto community. 2019 can be a turning point in the history of ADA.

According to different websites, the average price of ADA can rise from about $0.6 in January to $2.5 in December 2019. This is quite an optimistic Cardano prediction. The superiority of the coin in the following year is defined by the following factors:

Cardano price prediction 2020

When it comes to a more long-term Cardano coin price prediction, opinions of specialists differ. According to the technical analysis of longforecast.com, the Cardano coin prediction for December 2020 is $1.89, which correlates with realistic forecasts.

As for its place on the market, there’s another prediction for Cardano:

  • funds will be replaced by cryptocurrency investments, which will drive the further development of the coin

  • Cardano can even get to the Top-5 cryptocurrencies giving a tough competition to LTC, Ripple, and other cryptocurrencies

  • The coin will be widely introduced in Eastern Pacific

Making Cardano ADA price prediction for 2023 and 2025 would a speculation because a lot of other, more superior Blockchains and cryptocurrencies keep appearing– they can outperform this one within a few years.

Forecast for Cardano offered by Internet users

Should I invest in Cardano?

Generally, Cardano coin prediction is positive. Although it isn’t expected to make a significant leap in 2018, it can start growing faster in 2019.

Cardano Blockchain is more technologically advanced than Ethereum and can be successfully used for making online payments.

Therefore, if you want to invest, it’s time to do it in July– the cost of ADA has already started climbing slowly.

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