A group of fintech leaders say bitcoin will hit $38,000 by the end of 2018, but its 194% growth will be miniscule compared to rising cryptocurrency stars.
Comparison site finder.com.au has just released the results of its March Cryptocurrency Predictions Survey, forecasting how the top 10 by market cap and top two trending cryptocurrencies will perform in 2018.
Comparing the forecast market capitalisations, nine experts say the big three – bitcoin, bitcoin cash and ethereum – will experience Imodest growth by crypto standards:
Bitcoin – +194%
Bitcoin cash – +123%
Ethereum – +212%
But of the 12 coins reviewed, by far the biggest forecast came for Dogecoin, the digital currency inspired by the popular Doge meme.
It rose 800% from $US0.002 a coin at the start of December, 2017, to $US0.018 a month later, but has settled down again to around $US0.004 this week.
Finder’s experts say it has the potential to rise by 2,920% by December 31. Cardano (ADA) has the second greatest increase in value (+595%) by the end of the year, at 595%.
And Ripple could surge by as much as +541% on current levels, they say.
Bitcoin Cash
Cardano
Ethereum
EOS
IOTA
Litecoin
NEO
Ripple
Stellar Lumens
Dogecoin
Monero
Since bitcoin set sail in 2009, cryptocurrencies have been making waves in the finance industry. We’ve asked fintech leaders to give us their 2018 cryptocurrency predictions, and we'll release a new survey of insights every month.
For March, nine panellists threw their hats into the ring to predict the movements of the top 10 cryptocurrencies by market cap and 2 top-trending coins in the coming year: bitcoin (BTC), Bitcoin Cash (BCH/BCC), Cardano (ADA), Dogecoin (DOGE), Ethereum (ETH), EOS (EOS), IOTA (MIOTA), Litecoin (LTC), Monero (XMR), NEO (NEO), Ripple (XRP) and Stellar Lumens (XLM). These are solely the opinions of these panellists. At the bottom of this page, you can see the coins they have holdings in.
Read on for finder.com.au's panellists' cryptocurrency predictions for 2018.
Disclaimer
This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
One of the top-trending coins in the world, Dogecoin, is forecast to experience the greatest price increase this month (+177.43% by 1 April 2018) and the greatest increase by 31 December 2018 (+2,920.48%). This is despite its 32nd position by market capitalisation out of more than 1,500 coins – currently worth US$698.4 million – and a current price of US$0.006 per unit.
Cardano, which currently holds the seventh-highest market cap, is expected to have the next greatest increase in value by 31 December 2018 (+594.61%). This is the first month that our panellists haven't forecast an average drop in value of any coins by the end of 2018.
Cryptocurrency average price predictions (USD)
Cryptocurrency
Current price per unit (as of 27 Feb 2018) (USD)
Price prediction for 1 Apr 2018 (USD)
Price prediction for 31 Dec 2018 (USD)
% change to 1 Apr 2018
% change to 31 Dec 2018
Bitcoin
$10,387.90
$13,511.11
$29,533.33
30.07%
184.31%
Bitcoin Cash
$1,257.54
$1,750.00
$2,721.43
39.16%
116.41%
Cardano
$0.34
$0.44
$2.33
29.99%
594.61%
Dogecoin
$0.006
$0.02
$0.19
177.43%
2920.48%
Ethereum
$873.30
$1,242.86
$2,550.00
42.32%
192.00%
EOS
$8.18
$10.90
$38.80
33.25%
374.33%
IOTA
$1.88
$2.18
$3.67
16.13%
95.04%
Litecoin
$223.46
$300.00
$596.29
34.25%
166.84%
Monero
$294.17
$383.33
$700.00
30.31%
137.96%
NEO
$135.88
$150.60
$306.00
10.83%
125.20%
Ripple
$0.96
$1.55
$6.13
62.08%
541.34%
Stellar Lumens
$0.36
$0.45
$0.93
22.53%
154.69%
Source: finder.com
Market capitalisation predictions
Comparing the forecast market capitalisations for bitcoin, Bitcoin Cash and Ethereum – the only coins of the 12 with a reported number of coins available by 31 December 2018 – our panel predicts that Ethereum will see the greatest increase (212%) in market cap by the end of the year. Bitcoin follows with a 194% increase and Bitcoin Cash is predicted to have a 123% increase.
We calculated market cap using the number of coins expected to be in circulation by the end of the year and our panellists’ average forecasts of each coin’s value by the end of the year.
Cryptocurrency average market capitalisation predictions (USD)
Cryptocurrency
Current market cap (as of 27 Feb 2018) (USD)
Predicted market cap for 31 Dec 2018 (USD)
Market cap % change to 31 Dec 2018
Bitcoin
$175.4 billion
$515.1 billion
194%
Bitcoin Cash
$21.4 billion
$47.7 billion
123%
Ethereum
$85.5 billion
$266.5 billion
212%
Source: finder.com
What about the other coins? Our panellists tell us what they believe to be the most up-and-coming coins of 2018. The 2 most popular coins were Ethereum and Stellar Lumens, with 11 other coins being acknowledged. Check out their comments at the end of this report to find out more.
