For immediate release
January Cryptocurrency Predictions Report: Nearly all coins expected to fall, with the exception of Stellar and Cardano
Price comparison site finder.com releases January Cryptocurrency Predictions Survey including forecasts for the end of 2019, 11 coins forecast
- Nearly all coins expected to fall by February 1, 2019
- TRON (TRX), Dogecoin (DOGE) and Litecoin (LTC) to experience biggest drops
- Stellar (XLM) and Cardano (ADA) are the only coins predicted to increase this month
- Bitcoin (BTC), Cardano (ADA), and Stellar (XLM) top coins picked for 2019
The experts on personal finance comparison site finder.com‘s latest monthly Cryptocurrency Predictions Survey have shared their 2019 forecasts for eight of the top 10 coins by market cap, as well as the top three trending coins, Monero, Dogecoin and NEO.
Nearly all coins are expected to fall over the next month, with the exception of Cardano and Stellar, which are expected to increase by 43 percent and 84 percent, respectively.
TRON, Dogecoin, and Litecoin are set to experience the greatest drops by February 1, 2019, with forecasted falls of 52 percent, 47 percent, and 35 percent, respectively.
While nearly all coins are predicted to decrease over the next month, five of these falling coins are anticipated to recover over the next year. This means that over the course of the year a total of seven coins are predicted to increase in value.
The coins predicted to see the greatest growth in 2019 are Stellar, Cardano, and bitcoin, with forecasted growth of 260 percent, 91 percent, and 84 percent, respectively.
Bitcoin is splitting opinion among the panellists, with a predicted decrease in value of 7 percent this month. However, the panellists expect the coin to recover to US$6,947 by years-end.
Alisa Gul, CEO of WishKnish, believes the fact that “the bearish pressure on the global stock market doesn’t seem to have a lasting effect [on price], as does the easing of the difficulty of the validating algorithm” means that “it’s hard right now to see much of a light at the end of this tunnel.”
However, Joe Raczynski of JoeTechnologist gives some cause for optimism. While he notes that “Many of the institutional players have said they are done with this experiment (publicly)”, this could be a temporary stance because “if there are any dramatic shifts with the economy (the expectation is slightly more likely than not), bitcoin will be a safe haven”.
The six panellists in the December Cryptocurrency Predictions Report include:
- Craig Cobb: Founder of TraderCobb.com, designed to educate people on crypto trading in a way that is simple, easy and logical
- Alisa Gus: CEO of WishKnish, a blockchain gamified social market network aimed at helping communities grow, and founding member of the DC Digital Economy Hub
- Fred Schebesta: Co-founder of global comparison site finder.com and OTC cryptocurrency trading platform HiveEx.com
- Jimmy Song: Bitcoin core developer, educator and entrepreneur. He is a venture partner at Blockchain Capital LLC and teaches bitcoin and blockchain programming at Programming Blockchain
- Ben Ritchie: COO of Digital Capital Management, a premium digital asset fund. He is also CEO of consulting service Bitcoin Advisors
- Joseph Raczynski: Experienced technology consultant and manager specialising in blockchain technology, he specialises in AI, cybersecurity and legal technology.
The full details of the survey, complete with comments from the panellists, can be found here: https://www.finder.com/uk/cryptocurrency-predictions
Jon Ostler, UK CEO at finder.com says, “December surprised quite a few people, with a lot of coins rising fairly consistently. This has continued to be the case so far in January, although our panellists don’t expect this trend to last for all coins. Past experience in this sector also reminds us that a month of gradual price movements can change in a matter of hours.
“It is important that people are aware of the volatile nature of cryptocurrencies. When considering the purchase of cryptocurrency, people should always be prepared to do their own research and decide what’s right based on their personal financial circumstances.”
For more information on finder’s cryptocurrency predictions, please visit https://www.finder.com/uk/cryptocurrency-predictions.
Notes to editors:
- *Coins were chosen using the top 10 by market capitalisation as reported by CoinMarketCap, plus three of the top coins with the highest social volume reported by Solume.io as of 15 August 2018.
- **Market cap was calculated by using the number of coins expected to be in circulation by the end of the year and the panellists’ forecasts of each coin’s value by the end of the year.
- Jon Ostler, CEO (UK) at finder.com is available for comment, opinion or interview regarding the predictions.
The information in this release is accurate as of the date published, but rates, fees and other product features may have changed. Please see updated product information on finder.com's review pages for the current correct values.
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finder.com launched in the UK in February 2017 and is privately owned and self-funded by two Australian entrepreneurs – Fred Schebesta and Frank Restuccia – who successfully grew finder.com.au to be Australia's most visited personal finance website (Source: Experian Hitwise).