Cryptocurrency Forecasts and Predictions: What to Expect from the Market in the Next Two Years?

cryptocurrency forecasts

Contents:
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  1. What influences the growth and decline of cryptocurrency prices?
  2. Predictions for 2018. What to expect from the market?
  3. Conclusion

1. What influences the growth and decline of cryptocurrency prices?

Every asset in the world (dollar and Bitcoin as well) is constantly changing in value, they differ only in the level of volatility. All exchanges (not just cryptocurrency ones) conduct trades with various assets, and the main indicator for their price is the ratio of supply and demand. The law of price formation is quite simple: “With each new purchase of an asset its price goes up, and with each sale it goes down.” If people who buy are more numerous than those who sell, it means that the rate will rise and vice versa. There are a lot of reasons for the formation of demand and supply:

  • Behavior of whales (large-scale players) who possess such capital, which makes it possible to turn the market into any desired direction.
  • Panic or euphoria, which are directly related to the fluctuation charts.
  • News background, which, in fact, influences the mood of most investors.
  • Other fundamental reasons of a single nature. For example, the launch of such a revolutionary technology as smart contracts gave the industry a second wind.

At this point in time, there is a direct correlation between the movements of Bitcoin price and the entire market as a whole, it can be seen even on the daily chart. That is, wherever BTC goes, altcoins follow.

2. Predictions for 2018. What to expect from the market?

Even the most professional experts of the industry are afraid to give any accurate forecasts on the development of cryptocurrencies and their value. At this point in time, the market is still too young and prone to excessive volatility, so no one can give an accurate prediction.

You can find a huge number of “real” predictions on the Internet from various kinds of “analysts”, but you should not believe all these articles. If you want to earn money on the cryptocurrency market, you need to learn how to look through tons of information garbage before you get to something valuable.

In this article, we will not be reading tea leaves. We will discuss the forecasts for the development of the top-2 cryptocurrencies. Of course, we could use our imaginaton and write about the growth of some young promising cryptocurrency by 100 times, but maybe next time/

Bitcoin

As the overwhelming majority of analysts believe, Bitcoin will stay at the top of the cryptocurrency hierarchy in the nearest future. This is evidenced by the increased demand for coins both among ordinary investors and among the governments of the world’s largest countries. Also, do not forget about the limited emission of this coin. In total, 21 million pieces will be produced. Due to the specially built algorithm of reducing the reward for the block found and complicating the overall complexity of the network, it is not going to happen soon. At the moment, a bit more than 17 million coins have been mined, and about 4 million are considered lost forever. By simple mathematical calculations we get a number equal to 13 million coins, which is now available in everyday life. On a global scale, it will be absolutely not enough to satisfy the needs of everyobdy, so the coin price will have to grow substantially.

Given that now the market is dominated by a deep correction with elements of depression, talking about significant growth in the nearest future is quite pointless. But if you consider the current situation on the market in a bigger scale, it becomes obvious that this is just another phase which can not last forever. If we analyze the more or less adequate forecasts of analysts and come up with the possible average rate for the end of 2018, this number might be about $14-15k per coin.

Ethereum

This coin is backed up by the revolutionary technology of smart contracts and the platform with the same name, where you can create your own blockchain applications. The vast majority of ICOs are conducted on the Ethereum platform, the total number of startups has exceeded 1000 in the course of the project.

Recently, the ICO market has begun to develop in leaps and bounds, which will certainly affect the cost of Ethereum. But you should not expect the price of ETH to be 20k dollars, like Bitcoin’s. This will be impossible due to the total number of coins, which has already exceeded 100 million pieces. So far, the emission of Ethereum is unlimited, but the developers are thinking about soft fork and the implementation of the new PoS algorithm, which will reduce the inflation of the coin by 20 times.

According to our editorial board, the average rate of Ethereum by the end of 2018 may possibly reach $1300-$1500. Thus, the coin has every chance to become the first in terms of capitalization, shifting the mighty Bitcoin.

3. Conclusion

The fluctuations in the exchange rate of any type of cryptocurrency (and other assets in general) are affected by the supply-demand relationship. These indicators are influenced by many factors (psychology, news background, global events, etc.).

The market has been showing a downward trend for a long time, but if you look at the situation more broadly, you can see that this is just another phase of it. In the global sense, cryptocurrency has all the chances to grow tens and hundreds of times, compared with today’s indicators.

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Binance Will Add Stablecoin USDC To Its Listing

Recently, one of the major crypto exchanges, Binance, has published a notice which says, Binance will open two new pairs for trading on November 17. Interestingly, those two pairs include a new-comer – USDC – stablecoin backed by Circle.

The trading pairs are USDC/BNB and USDC/BTC; the trading starts at 2018/11/17 03:00 AM (UTC). However, users are already able to deposit stablecoin in advance.

Moreover, Binance wrote there would be a “top-ranking auditing firm” to preserve the transparency of the stablecoin. Every month, the firm is bound to provide data of “the corresponding USDC and USD balances held/issued.

We want to remind you, such crypto exchanges as OKEx, Huobi, BitPay, Coinbase have already listed USDC stablecoin on their listings.

Dollar-Pegged Stablecoins Exceeded the Price Point of $1

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Cryptocurrency Prices Today, November 15: Cryptocurrencies Collapsed in Price

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) lost 10.76% over the past 24 hours. The price at the time of writing is $5643 per coin.

Almost all cryptocurrencies absolutely crashed in price:

Bitcoin Cash lost 13.28% over the past 24 hours and costs $447 per coin;

Ripple dropped by 8.94% and is $0.46 in price;

EOS fell by  11.7%, and its price is $4.66;

Litecoin lost 13.45%, and its cost is $42;

Cardano decreased by 14.13%, and its value is $0.061;

Stellar lost 8.24% and is worth $0.23;

IOTA became cheaper by 16.64%, and its cost is $0.48;

Dash dropped by 12.34%, and its price is $142;

Monero decreased by 13.95% and costs $90.

Over the past day, Ethereum lost 12.76%. The cost of the coin is $179.

The total market capitalization dropped significantly to $185 billion. Bitcoin accounts for 53% of the total. In monetary terms, the amount dropped to $98 billion.

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Bank of America Has Officially Patented A System for Saving Crypto Actives for Significant Corporations

One of the major USA banks has been approved the patent for a system of saving crypto assets. The application for the patent describes a method for safekeeping cryptocurrency assets of users of the system. It also stated that the bank will cooperate only with major corporations.

The popularity of using cryptocurrency has turned into a trend that many companies are aiming at. The biggest part of major corporations serves their clients with the help of cryptocurrency. Because of this, there is a need to convert the cryptocurrency into any currency deposit, which has to be placed in a storage.

It is possible to improve the security and safety of deposit funds with the help of single corporate accounts that maintain the cryptocurrency storage.

At the same time, the clients will receive credit funds, the amount of which is equal to the crypto deposit. This concept was introduced by Bank of America.

The patent spelled out a storage system specially designed for the banking system, which processes and stores the secret key. The system is demanding to high throughput of a channel and the amount of calculation capacities.

When required to complete a transaction, the system will provide customers with access to Member’s personal account.

It should be reminded, that previously Bank of America approved the patent for close system private keys, that supports remote management.  

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Crypto Master Minds That Made It Into Forbes’s 30 Under 30

One of the most famous editions in the world, Forbes, came out with its annual rating of the most influential people under the age of 30 in different spheres of activity, including healthcare, music, art, retails and many others. This time the section of “finance” was replenished with a couple of blockchain and crypto personalities, namely:

1. JB Rubinovitz (26) is a crypto entrepreneur whose goal is to incorporate crypto mining as a way to provide bails for arrested people.

2. Olaoluwa Osuntokun (25) is one of the founders and a Chief Technical Officer of the company Lightning Labs. He raised $2.5 million to develop Bitcoin as a fully usable means of payment.

3. Hunter Horsley (28) is a CEO of the company Bitwise Asset Management. His firm specializes in creating crypto indexes.

4. Nader Al-Naji (26) and his company Intangible Labs are currently working on a concept of a cryptocurrency that could easily replace the usual banks.

We remind you:

Forbes Launches Its Own Version of the CoinMarketCap

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Cryptocurrency Prices Today, November 14: Cryptocurrencies Continue to Decline in Price

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) lost 0.16% over the past 24 hours. The price at the time of writing is $6356 per coin.

Almost all cryptocurrencies are in the red zone:

Bitcoin Cash lost 0.66% over the past 24 hours and costs $502 per coin;

Ripple fell by 2.29% and is $0.51 in price;

EOS minus 2.40%, and its rate is $5.30;

Litecoin decreased by 0.95%, and its price is $49;

Cardano dropped by 3.02%, and its cost is $0.072;

Stellar lost 4.23% and costs $0.25;

IOTA added 0.37%, and its value is $0.48;

Dash plus 0.15%, and its price is $164;

Monero lost 0.99% and costs $106.

Ethereum lost 1.03% over the past day. The cost of the coin is $206.

The total market capitalization is $209 billion. Bitcoin accounts for 52.8% of the total. In monetary terms, this is $110 billion.

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The Real Estate Market Switches to Blockchain

The power of countries depends on the economy, which real estate market is a significant segment of. More than 50% of global finance belongs to it. An impressive share, isn’t it? This market segment is most adapted to reforms and crises.

However, this does not mean that it cannot be slightly improved by innovations, such as the blockchain. Technological upgrade will allow the real estate market, as well as the economy in particular, to move to a new stage of development.

While the real estate market is “collecting its belongings” and is preparing for a full-fledged move to the blockchain, a Japanese company has launched the sale of real estate for cryptocurrency. A couple of Bitcoins can buy you a paradise on an island somewhere in the Caribbean. The world of real estate is gradually becoming digital.

Definitely, the “relocation” of the housing market onto the blockchain will have a positive impact on its development. This promising combo will improve and facilitate the purchase of real estate as follows. It will allow to:

  • exclude intermediaries who charge a commission in the course of transactions;
  • reduce the time for the preparation of transactions and references;
  • reduce the risk of fraud;
  • simplify the process of checking property before selling:
  • customers can buy property at any time of the day;
  • opportunity to track the entire history of the transaction.

All this makes the purchase of real estate easier and safer, but not publicly available. The latter and the above mentioned benefits can be offered by Elements Estates.

The project provides an opportunity to buy housing not only to reserved players. Owing to blockchain technology the national boundaries are disappearing as assets can freely move from one country to another.

It is time to improve the global economy by reinforcing the real estate market with blockchain and cryptocurrency.

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