Bitcoin Could Surge By 100 Percent In 2019
The crypto winter has taken its toll on virtually every coin in the market and has even led to the closure of several firms in the process. As usual, there has been much speculation about various coins and what their future will be like most of the community waits for the winter to pass.
However, some reports show that cryptos could see a massive resurgence this year when the winter finally breaks.
Probably the most popular of the cryptos, bitcoin’s price speculation never seems to end, from those who claim it will become worthless to those who think it is the future.
Interestingly, despite the Bear market, Bitcoin has been predicted by several analysts to make a huge recovery in 2019. A.T. Kearney, a management consultancy firm, released a report which suggests that Bitcoin could reclaim into a two-third share of market capitalization by December 2019.
Some of the reasons for the prediction include the increased institutional investment in Bitcoin and better regulations. This is good news for others as a rise in Bitcoin often comes with a rise in other cryptos.
The ERC 20 token is the native Token of the Binance platform and since its launch in 2017, has seen massive trading volumes.
The opinion of most analysts is that Binance coin is very unlikely to see a drop in 2019 because of its link to the Binance platform, its loyalty programs and the fact that it is one of the most liquid of the cryptos. Should BNB maintain its current market share, it is poised to be one of the biggest gainers of 2019.
Besides this, it is home platform has also had an eventful 2019 thus far with the launch of its Decentralized Exchange Testnet.
Ripple’s XRP Token is on track to have an amazing 2019 due mostly to its home platform. Ripple has, in the last few years, seen massive adoption from powerful financial institutions all over the world and is even poised to compete with the traditional SWIFT protocol for cross-border transactions.
Should this momentum continue, XRP should come out on top.
Ether is yet another token that will likely see growth due to not only its quality as a coin but also the dominance of its native platform.
Ethereum as a platform has been poised to take over the Internet because of its popularity among developers for application building. As d’Apps become more of the standard, Ethereum and Ether by association will only grow even more.
Litecoin was initially conceived as an alternative to Bitcoin but has been somewhat of an underdog over the years.
The reason for this is that it has been a little too accessible and so, its price hasn’t had a chance to grow. This will change in 2019 when Mining rewards are halved for Litecoin. As a result of this, the demand will remain constant while the supply will diminish, leading to higher prices.