New Finder.com Report Suggests Bitcoin Price Will Scale Back Up to $6,700 by January 2019
Even with the crypto market bleeding heavy right now, a recent study released by Finder.com seems to suggest that Bitcoin (along with many other altcoins in the top-10) will make an impressive recovery by the start of the new year.
According to the aforementioned forecast, a total of 10 crypto experts from all over the globe believe that by early January (next year), Bitcoin will scale up beyond its $6,500 “mining profitability” threshold. However, for this monumental shift to happen, BTC will have to rise by more than $3,000 within a span of just three weeks.
More on the Study
While the study remains extremely bullish on the future of Bitcoin, it also points to some of the other altcoins in the top-10 such as Cardano (ADA) and Stellar (XLM), that are primed to have a breakout year in 2019. The study indicates that both ADA and XLM will surge by over 100% within the coming 30 days.
In this regard, it is also worth noting that XLM has remained quite stable through the November market crash. However, ADA was recently kicked out of the crypto top-10 by new BCH hard fork ‘Bitcoin SV’. In spite of these limitations, the team over at Finder.com believes that XLM and ADA will start the new year at $0.28 and $0.06 respectively.
Good Things Could be in Store For Ethereum in the Coming Year
Another prediction made by Finder that is quite striking is that by early 2019, ETH could once again reclaim its position as the “second largest altcoin by total market capitalization”. This is because the study indicates that by the end of Q1 2019, Ether could gain upto 35% in value.
In mathematical terms, this basically means that ETH will now have to move from its current value of $105 to around $141 within the coming 1-2 months. .
Closing out this article, it is worth mentioning that the study also believes that TRX could lose more of its value since other projects such as TRON (TRX) and Litecoin (LTC) have continued to make amazing technological strides over the course of the past few months.
It now remains to be seen how what the new year has in store for the altcoin sector.