For immediate release
Finder.com June Cryptocurrency Predictions Report: Bitcoin (BTC) forecast halved in value by end of 2018
- Price comparison site finder.com, releases June Cryptocurrency Predictions Survey, 13 coins forecast
- EOS (EOS) forecast to see greatest price growth by 1 July at 44%
- Bitcoin (BTC) predicted to hit US$14,638 (£10,995) by 31 December 2018, half of January’s prediction US$33,000 (£24,791)
- Monero (XMR) to see the smallest growth by end of year at only 4%
04 June 2018– Price comparison site finder.com has released its monthly Cryptocurrency Predictions Survey, on how the top 13 cryptocurrencies by market cap and three trending coins will perform in 2018.
Bitcoin (BTC) is predicted to hit US$14,638 (£10,997) by the end of the year – less than half of its predicted value in January at US$33,000 (£24,791), due to stagnant pricing and failure to recover from its fall at the start of the year. This is according to price comparison site finder.com’s monthly Cryptocurrency Predictions Survey, released today.
Out of the 13 coins, the top 10 cryptocurrencies by market cap and three trending coins, finder.com’s 10 panellists predict that EOS (EOS) will experience the greatest percentage growth by 1 July at 44 percent. EOS was sitting at US$12.49 (£9.38) per unit on 30 May 2018, and is forecast to reach US$18.00 (£13.52) by 1 July. It’s also expected to see the greatest price increase by end of year, of 206 percent to US$38.25 (£28.73).
TRON (TRX) is expected to have the second-greatest positive price growth by 31 December 2018, at 146 percent, followed by Cardano (ADA) at 145 percent.
None of the coins are expected to decrease in value by the end of the year, however, two are forecast to drop by 1 July 2018. IOTA (MIOTA) is estimated to fall eight percent in price, followed by Monero (XMR) at a seven percent loss.
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 see the highest growth by the end of the year (95 percent). This was followed by Ethereum (ETH) with a 91 percent increase, and Bitcoin Cash (BCH), with an increase of 76 percent.
The 10 panellists in the June Cryptocurrency Predictions Report include:
- Adrian Przelozny: CEO and founder of digital currency exchange Independent Reserve, focused on bringing a new approach to bitcoin exchanges
- Craig Cobb: Founder of TraderCobb.com, designed to educate people on crypto trading in a way that is simple, easy and logical
- Aaron LePoidevin: Co-founder of Every Capital, Australia’s first retail crypto hedge fund. He’s also an active angel investor, startup mentor and board advisor
- James Lynch: CEO of Australian blockchain real estate investment platform CastleCoin, offering a digital currency that is functional, tradable and stable
- 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
- Clayton Daniel: Former tax accountant and financial advisor, author of #1 Amazon Bestseller ‘Fund Your Ideal Lifestyle’, and founder of Sprout Superannuation
- Fred Schebesta: Co-founder of global comparison site finder.com and OTC cryptocurrency trading platform HiveEx.com. Award-winning entrepreneur
- Joseph Raczynski: Technologist, futurist, Joetechnologist.com and Reuters, technology consultant and manager specialising in Blockchain technology
- Kunal Patel: Business mentor for Startupbootcamp FinTech and SuperCharger Fintech Accelerator, also council member at GLG (Gerson Lehrman Group)
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, “Our June report shows that bitcoin is not set to recover this year. In fact, our panellists were much more optimistic in January, where they were expecting it to hit of £24,791 by year’s end. Now, our panel is forecasting less than half of this, at £10,995 by December 31, likely because bitcoin hasn’t risen above £10,000 since it fell in January this year.
“Interestingly, this month our panellists predict EOS, TRON, Cardano and VeChain will see the greatest price percentage increases by the end of 2018, with increases well above 100 percent. Meanwhile, bitcoin is forecast to experience the fifth-largest price growth at 95 percent.
“For those looking to enter the market for the first time, it’s always important to do your own research or seek help from a professional advisor. While it can be tempting to invest in a newer coin that has a much lower price, make sure to check factors such as how long it has existed and how it’s fared so far. It’s important to be aware of and understand the risks associated with such a high volatile currency before purchasing.”
For more information on finder’s cryptocurrency predictions, please visit https://www.finder.com/uk/cryptocurrency-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.
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).