The cryptocurrency market rebounded Wednesday night after a massive sell-off over the previous two days.
The market for digital coins picked up around $100 billion in value after bottoming out at $412 billion. At the time of writing, total cryptocurrency market capitalization was close to $520 billion.
‘Crypto-fever’ has reached epidemic proportions and is unlikely to abate any time soon judging from market predictions.
Seven out of eight major cryptocurrencies are forecast to make stellar returns in January according to average forecasts on the finder.com price comparison website.
Finder.com compiled forecasts based on the predictions of four expert panelists from the world of fintech and cryptocurrencies.
The panelists included forecasts for the top-eight top-trending cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH/BCC), Cardano (ADA), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Stellar Lumens (XLM) and Verge (XVG).
Panelists included Clayton Daniel, Fintech Founder of Sprout Superannuation, Michael Dunworth, CEO and co-founder of Wyre Inc, Fred Schebesta, Co-founder, and CEO of Finder.com and Joseph Raczynski, Technologist/Futurist of Joetechnologist.com.
Largest Price Rises For January
The cryptocurrencies expected to rise the most in the remainder of January are Cardano (ADA), which is predicted to increase 433.17% on average, and Stellar Lumens, forecast to rise to 126.32%.
Litecoin is the only cryptocurrency which is expected to decrease in value by February 1, falling by 2%.
For their end of 2018 forecasts, however, the panelists predict that Litecoin will recover with an increase in value of 24.14%.
Verge is the only coin out of all eight expected to decrease in price by the end of the year, with a drop of -37.99% forecast.
Cardano is also forecast to rise the most over the whole year, rising to an average of $68.18 although the variance between forecasts is enormous (from $200.00 to $1.50).
Bitcoin isforecast to rise to an average of $33,000 by the end of 2018 according to the panel. Our prediction however, is that it will be above 40,000.
Although we agree with Cardano (ADA) & Stellar Lumens (XLM) making significant gains this year (they are in our Top 10 % Gainers for 2018) there is more potential in Verge (XVG) than what the panel predicted in our opinion.
Other cryptocurrencies that weren’t mentioned that we believe could have incredible runs this year are: OMG, NEO, IOTA, BQX, EOS, LSK, STRAT, SUB, POWR, DNT, QSP, BNB, ARK, ZRX, BRD that we feel are definitely worth a mention.
One thing we disagree with is Verge (XVG) ending this year lower than it is now. We’ll take a contrarian stance and go out on a limb and say that Verge (XVG) is extremely undervalued and a lot of people don’t realize the potential in the new Wraith Protocol. It is the ONLY cryptocurrency that allows users the ability to switch between public and stealth transactions.
Lastly, don’t sleep on TRON (TRX), underestimating Justin Sun & the team over at Tron could cost you a ton of missed returns in the long run.
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