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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Cryptocurrency Prices Today, February 15: Cryptocurrencies “Stand Still”

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

According to the online platform Coingecko, Bitcoin (BTC) remained stable over the past 24 hours. The price at the time of writing is $3604 per coin.

For the most part, cryptocurrencies did not change in price throughout the day:

Bitcoin Cash lost 0.99% over the past 24 hours and costs $121 per coin;

Ripple dropped by 0.03 and costs $0.30;

EOS added 2.3%, and its price is $2.85;

Litecoin grew by 0.18%, and its value is $42;

Cardano gained 0.27%, and its cost is $0.040;

Stellar added 2.66% and costs $0.078;

IOTA grew by 0.87%, and its cost is $0.27;

Dash lost 0.6, and its price is $79;

Monero fell by 0.06% and costs $47.

Over the past 24 hours, Ethereum remained stable. The exchange rate of the coin is $122.

The total market capitalization is $120 billion. Bitcoin accounts for 52.7% of the total volume. In monetary terms, it is $63 billion.

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Japanese Giant GMO Internet Lost ¥1.3 Billion in 2018: Report

One of the biggest Internet companies in the world, Japan-based GMO Internet Inc., posted a report on its financial performance. An operating loss accounts for ¥1.3 billion (~$11.75 million) in 2018.

GMO’s mining business

According to the report, mining business fared very poorly in 2018 which resulted in great losses. The company explained that the business did not increase as expected due to the collapse of cryptocurrency market in Q4. The report provides  the table where we can see the real revenue and real loss of the company. The data provided below does not include “extraordinary losses” of approximately $319.2 million.

Source: GMO Fiscal Report 2018

Alongside, Internet giant announced that it would implement a policy change regarding to their mining business model. The company will sell its bitcoin mining assets at cheaper rates to compensate for a portion of its annual losses.

Moreover, GMO plans to relocate mining centers to the regions where power supply is cheaper. The centers allegedly will be somewhere in Northern Europe.

GMO’s Bitcoin exchange

Source: GMO Fiscal Report 2018

According to the report, the company’s quarter-revenue has fallen by 66.7%, even though the company annually posts about its 7% profit from its crypto exchange GMOCoin.

In 2018, GMOCoin recorded a net sales of ¥4.02 billion (~$36.33 million). In Q1, crypto exchange has lost about ¥76 million, yet, high sales of next quarters compensated them. The fall of cryptocurrency market has also played a significant role in GMO’s revenues. Each phase ended on a lower note than a previous one in terms of sales, while the profits remained marginal.

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Cryptocurrency Prices Today, February 14: Cryptocurrency Did Not Catch The Romantic Atmosphere And Began To Fall In Price

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

According to the Coingecko online platform, Bitcoin (BTC) lost 0.35% over the past 24 hours after a period of growth. The price at the time of writing is $3607 per coin.

Cryptocurrencies have returned to the red zone:

Bitcoin Cash lost 0.6% over the past 24 hours and costs $121 per coin;

Ripple fell by 1% and costs $0.30;

EOS decreased by 4.1% and its price is $2.78;

Litecoin dropped by 3.2% and its value is $41;

Cardano lost 2.5% and its cost is $0.040;

Stellar fell by 1.1% and costs $0.076;

IOTA decreased by 1.6% and its value is $0.26;

Dash lost 1.9% and its price is $78;

Monero dropped by 2.5% and costs $47.

Over the past 24 hours, Ethereum has lost 0.7%. The rate of the coin is $122.

The total market capitalization fell to $120 billion. Bitcoin accounts for 52.5% of the total. In monetary terms, it is $63 billion.

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The Most Dangerous Crypto Crimes: What About SIM Swappers?

Cyber attack and crypto crimes in every shape and form are quite abundant on the market of digital assets right now. They all have different goals and different levels of harm. The careful and thorough analysis of such attacks will make it possible to predict them and protect sites, platforms and companies from breaches and money losses.

However, there is a weird tendency going on among the analytical reports, which we will try to explain down below.

Two major cyber security companies Chainalysis and CipherTrace released their analytical statements at the end of last year. Both reports contained statistics on hacker attacks and crypto crimes and an outline of current trends.

The main focus of CipherTrace was different money laundering techniques, cryptocurrencies that are the easiest targets for crypto criminals that choose this path, AML regulations and other related info.

Whereas Chainalysis told its readers on the scale and profitability of such Ethereum scams as phishing and various Ponzi schemes.

Surprisingly, there seems to be nothing about the infamous SIM-swapping.

Just to remind you, SIM-swapping is a kind of a cyber attack aimed at money theft. Simply speaking, a hacker convinces the phone provider to “swap” the number of a victim to a new device. In such way, criminals get full access to the personal information of their victims, still their identity, and later money.

SIM-swapping scams have been involved in multiple scandals with the biggest cell-phone providers of America, the crimes involving this technique resulted in huge money thefts and loud arrests of witty hackers, yet very few reports actually mention it.

However, this still does not diminish the dominance of SIM-swapping over many other types of crypto crimes. In order to fight it, we not only need more coverage from the mass media and analytical firms, but also the cooperation from the cell phone companies to protect the users, their info and their money.

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Cryptocurrency Prices Today, February 13: Cryptocurrencies Are Showing an Upward Trend

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

According to the online platform Coingecko, Bitcoin (BTC) added 0.4% over the past 24 hours after a period of growth. The price at the time of writing is $3620 per coin.

Cryptocurrencies once again moved to the green zone:

Bitcoin Cash added 0.57% over the past 24 hours and costs $121 per coin;

Ripple grew by 1.96% and costs $0.30;

EOS gained 5.78%, and its price is $2.92;

Litecoin lost 1.48%, and its value is $42;

Cardano increased by 1.31%, and its cost $0.041;

Stellar added 0.2% and costs $0.076;

IOTA grew by 3%, and its value is $0.27;

Dash remains stable, and its price is $82;

Monero gained 2.51% and costs $49.

Over the past 24 hours, Ethereum added 2.37%. The exchange rate of the coin is $123.

The total market capitalization is $121 billion. Bitcoin accounts for 52.6% of the total volume. In monetary terms, it is $63 billion.

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Bitcoin Trading in Venezuela Hit All-Time High: The Possible Future of Bitcoin

According to the report of TrustNode, Bitcoin volumes have surpassed all time high in Venezuela, rising above 2,000 BTC for the first time on peer-to-peer exchange LocalBitcoins.

Bitcoin is the only way to feed family in Venezuela

You may have heard that Venezuela has been experiencing economic crisis as the national currency – the Venezuelan bolivar – has collapsed and become valueless.

The citizens suffer from a lack of basic supplies, including products, medicines, etc. The supermarket shelves are bare. Children are fainting from hunger in their classrooms. The situation changed even worse when the government of Nicolas Maduro blocked U.S. humanitarian aid from coming into the country through the Columbian border.  

The administration of the opposition leader Juan Guaidó remain optimistic, they are convinced that they are able to pass the aid to the people. However, the Venezuelans do not trust anyone anymore, and the only hope left is Bitcoin. People started mining Bitcoin to convert it into dollars to purchase foods and other necessities.

All-time high of the Bitcoin trading

As the 2019 Venezuelan protests caused by presidential crisis are in full swing, people started to trade Bitcoin at full. That is why, the weekly volume of the BTC-to-Venezuelan bolivar (VES) pair increased to 2,454 BTC. It is worth $8.95 million per week and $1.29 million per day.

Bitcoin Future in Venezuela

Tuesday is going to be a big day for Venezuela, according to the Washington Examiner, on Tuesday, February 12, the Venezuelan people plan to demand Maduro’s resignation on the streets all over the country, and try to bring U.S. aid across the Colombian border. Nicolas Maduro has ordered his military to stop them. So the future of Bitcoin depends on who will win.

If Nicolas Maduro remains to be the President of Venezuela, then Petro coins will have more power than Bitcoin. However, if the opposition leader Juan Guaidó overthrows the current government, then Bitcoin will definitely have future in Venezuela as Juan Guaidó gives preference to Bitcoin over Petro.

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