Posted on

EOS, BNB and TRON (TRX) Will Rise Over 400% By The End of 2019, Panel of Experts Predicts

2019 will be a bullish year and most analysts and experts in cryptocurrencies seem to agree. After presenting important indications of growth, many experts declared the beginning of Alt Season. This, of course, increased optimism and expectations of investors and crypto enthusiasts around the world.

A study by Finder contrasted the perceptions of a panel of 10 experts who analyzed the performance of 13 leading altcoins, in order to give their predictions.

While all altcoins appear to be bullish (Bitcoin too, read the full story here) the panel of experts believes that Tron (TRX), EOS and BNB will close the year with the most profits. The worst performers (although bullish) will be BSV, Monero (XMR) and XRP.

EOS Will be The most Bullish Crypto According to the Experts

The panel of experts was extremely bullish about EOS. On average, they expect the crypto to reach a price close to $18.7 which would represent an increase of 727% over the beginning of the year.

EOS could be the most bullish crypto according to experts

Binance Coin (BNB)

Binance’s native token will be the second most profitable cryptocurrency, with an expected growth of 450% by the end of December 2019. Experts predict that the token will go from 6.24 USD to approximately 34.9 USD.

Binance (BNB) Will remain strong

TRON (TRX)

The blockchain promoted by Justin Sun remains in third position, very close to the BNB. Experts say each token should reach about $0.15 for a growth of about 449%.

Tron (TRX) will be one of the best perdorming cryptos

XRP Will Perform Fine… Just Not That Fine

Ripple’s token is at the bottom of the list with a 49% increase. While it is well below the 727% obtained by EOS, it is also much stronger and more optimistic than the better forecast of other financial instruments such as the SP500 or the Nasdaq. Experts believe the token will close the year at least near $0.44 per token.

XRP will not be as bullish as its army expects

Monero (XMR)

The privacy coin seems to be a little underground since 2017. According to tech experts, after overcoming a bearish streak, the token will end the year with a value of 68.5 USD, which represents a 57% increase in its value.

Monero could increase its value by 57% according to the panel of experts

BSV

The token sponsored by Craig Wright (famous for his claims of being Satoshi Nakamoto) could rise above $605 which translates into a positive performance of 60%.

Bitcoin SV will have a poor (but bullish) performance according to the experts

The post EOS, BNB and TRON (TRX) Will Rise Over 400% By The End of 2019, Panel of Experts Predicts appeared first on Ethereum World News.

Posted on

Bitcoin (BTC) Will Cost About 9500 USD by The End of the Year, Panel of Experts Predicts

Bitcoin (BTC) is having a good season. The rebound after testing the 3000 USD zone is already evident, and many analysts think that, after a stability period of several months, the market is now on the verge of a new bullish streak.

A study conducted by Finder, contrasted the opinions of 10 prominent experts in cryptocurrencies, who shared their predictions regarding Bitcoin’s performance in the months to come. Although there were different points of view, all showed an optimistic outlook.

All experts agree that Bitcoin will end the year with profits, which is already a sign of the bullish sentiment in the market. “Bitcoin is predicted to hit US$7,543 by 1 June, according to the average of our panelists’ predictions,” said the report, clarifying that this number is an average of all experts’ predictions. This implies certain stability compared with actual prices

Hypothetical Candle For June, according to de Panel of experts

As for the annual performance, the results are also
quite optimistic. Even the darkest forecast of all (made by Nafis Alam,
associate professor at Henley Business School) estimates a price close to 4000
USD, which is a bullish signal considering that the minimum of this trend was
close to 3200 USD:

When asked what the price would be at the end of the year on 31 December, the average price prediction was US$9,659. Again, Alam’s prediction was the most conservative. He said it would not be worth more than US$4,000 on 31 December. Technologist Joseph Raczynski had the highest end-of-year prediction at US$17,000.

Another good sign is that 80% of the experts recommended
investing in Bitcoin (BTC):

  • 50% recommended buying Bitcoin
  • 30% are not in favor of accumulating more, but saw as favorable the option of hodl tokens as a storage medium of value.
  • Only 20% recommended getting rid of the crypto or at least selling a portion to profit from the bullish hype.
80% of experts think consumers should have some Bitcoin (BTC)
80% of experts think consumers should have some Bitcoin (BTC)

The panelists also analyzed the reasons for this recent breakout in which Bitcoin managed to beat the 6000 USD resistance. Most believe that the “Consensus Effect” played an important role in market sentiment, however other causes also came to light: Tensions between the U.S. and China took second place along with next year’s halvening.

The post Bitcoin (BTC) Will Cost About 9500 USD by The End of the Year, Panel of Experts Predicts appeared first on Ethereum World News.

Posted on

Bitcoin Price Bull Increase to $5000 Answered with Significant Descending and Selling Pressure

Many predictions and forecasts recently claimed for Bitcoin to reach $5000, then they were raised to $10,000 and so on. The first mark was reached today. This all started with Bitcoin being compared with Gold while throughout the media traders and investors were looking for a safer asset to replace gold and of course the successful Network Improvements hoisting the confidence throughout the community.

Bitcoin Record Price Replied with a Major Sell Off

As expected, what goes up to fast in value will return downward also sooner or later. “Large Whales” and deep pocket traders sold major-blocks in a row to gain from the moment of peak-reaching and disrupting the BTC price increase pushing it down-flow.

btc trading record

A $400 drop was followed by attempts to stabilize at around the $3700 mark. Easily expected as after reaching the major $5000 selling pressure and profit makers returned.

It is very difficult to predict the best buying dip while knowing the high price now and the minor crash could continue best is to wait for a supportive ground to be found and on the best dip (opinionated) to buy in.

The General Increase and Bull Market

While Bitcoins (BTC) bull market has initiated as early as Aug 2016 when the value against the USD was only $465, the overall digital currency market cap surged only in the last nine months from $16 billion to $170 billion.

Even with many believing that Bitcoin has been in a bubble when it took away the $3,000 resistance mark, the price soared upwards with analysis and comments from experts predicting it would hit $5,000 this year or even higher – like Max Keiser or John McAfee.

The Mainstream Factor is adding its effect with no-stop on a global range. One of the well known news platform CNBC even called to buy Bitcoin because of the could-be new price floor at around $3,600.

The successful lock-in and activation of the Segregated Witness (SegWit) while Bitcoin Cash split on its own Network was positive news that hit the BTC community followed by sparkles of debates around the BTC network for the next blockchain development SegWit2x in November.

There is a high chance SEC could be rethinking its position and opinion related to the Bitcoin ETF proposals as the CFTC (Commodity Futures Trading Commission) put out headlines when they Authorized LedgerX to form a regulated Bitcoin futures market.

On top of all this, Ropes & Gray attorney – Dalia Blass is being hired by SEC to lead the unit which regulates ETFs.

With the major-psychological barrier of $5,000 being breached media and news will be running it all around as it is more of an attracting number than $3,000 and $4,000.

According to the well-known and legendary trader Masterluc – a close-term peak of $15,000 could be expected after which a significant bull race will be to $40,000.


Read Also:


– For more Cryptocurrency market related Updates and News Follow us on our Facebook and Twitter pages.