For immediate release
February Cryptocurrency Predictions Report: Bitcoin forecasted to hit over $43K by end of 2018
1 April 2018- Price comparison site finder.com has released its February Cryptocurrency Predictions Report on how the top 10 coins by market cap and three trending coins will perform in 2018.
Despite the recent crash which saw most cryptocurrencies take a tumble, our panelists remain optimistic, with bitcoin (BTC) expected to remain the strongest coin. Out of the 13 coins, the panelists predict bitcoin (BTC) will be worth $14,928 by March 1st up $3,840.20 from its value at the end of January (+34.63 percent). Bitcoin is expected to continue to grow reaching $43,472 by the year’s end, over $10,000 more than January’s predictions.
Cardano (ADA) is predicted to see the greatest price increase out of the 13 coins both over the month of February (+132.60 percent) and throughout the year (+1,669.52 percent on average). This is followed by Bitcoin (BTC) (+292.07 percent) and Ethereum (ETH) (+192.00 percent) for the year.
Both Dogecoin (DOGE) and Vertcoin (VTC) are the only coins out of the 13 expected to drop in value by the end of the year (-4.89 percent and -19.94 percent respectively). However NEO is expected to experience the biggest drop in value by the end of the month (-28.93 percent) followed by Ripple (RTXP) (-8.20 percent).
As for the biggest market cap*, when comparing the forecast market capitalisations for bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH), the only three of the 13 coins with reported number of coins available, bitcoin (BTC) is predicted to have the greatest increase at 309 percent by the end of the year. Ethereum (ETH) comes next with a 219 percent increase, followed by Bitcoin Cash (BCH) with an increase of 98 percent.
The panel kicked off with nine fintech leaders, who provided their predictions on how the top 13 trending cryptocurrencies will perform in 2018. Panelists include:
- Clayton Daniel: former tax accountant and financial advisor, author of #1 Amazon Bestseller ‘Fund Your Ideal Lifestyle’, and founder of Sprout Superannuation
- Michael Dunworth: CEO and co-founder of Wyre Inc., an international money transfer service through blockchain
- Skye Dunworth: founder of bitcoin investing platform Spendher, an app dedicated to helping women invest
- Fred Schebesta: Co-founder of global comparison site finder.com, including Crypto Finder. Award-winning entrepreneur, author, mentor, and a global keynote speaker
- Joseph Raczynski: Technologist, futurist, Joetechnologist.com and Reuters, technology consultant and manager specialising in Blockchain technology
- Adam Poulton: CEO of Get Paid In Bitcoin, a service that offers workers the ability to get paid in bitcoin, spearheaded the inclusion of bitcoin in the Tasmanian economy
- Jen Greyson: CEO of Powered by Neureal℠, intellectual property specialist, and named one of the Top 8 Women in Crypto
- 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
- Martin Davidson: CEO and global director of the Blockchain Centre, the world’s first blockchain knowledge hub and co-working space
The full details of the survey, complete with comments from the panelists, can be found here.
Jon Ostler, CEO (UK) at finder.com said, “It’s interesting to see a shared optimism by our panelists, despite the fact that there’s been a collective fall in cryptocurrency prices. While we saw the top 10 coins dive by 24 percent last month, our survey shows panelists are expecting this to be a bump in the road as these coins are set to recover. While these results show an indication of movement, it’s difficult for anyone to really know which direction these coins will move and whether outside factors such as regulation, laws and banking systems could create a serious impact to the future and value of some coins out there. When considering investing in cryptocurrency, it’s important to do as much research as possible, get advice and compare your investment options before jumping into the crypto wagon. Don’t invest more than you’re willing to lose and it’s a good idea to seek personal financial advice before making a decision.”
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.
finder.com is a personal finance website, which helps consumers compare products online so they can make better informed decisions. Consumers can visit the website to compare utilities, mortgages, credit cards, insurance products, shopping voucher codes, and so much more before choosing the option that best suits their needs.
Best of all, finder.com is completely free to use. We’re not a bank or insurer, nor are we owned by one, and we are not a product issuer or a credit provider. We’re not affiliated with any one institution or outlet, so it’s genuine advice from a team of experts who care about helping you find better.
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).