Many of us are wondering what are the cryptocurrency trends for 2018 – so we talked with the experts and here are the predictions.
Cryptocurrency Trends for 2018
No one doubts that cryptocurrencies exploded in 2017. We saw a massive increase in value in the most popular coins and the creation of thousands of others. It is evident that the world will never be the same. With 2018 just around the corner and by looking back at this year we can make some bold predictions for the year ahead of us.
Keep in mind that these predictions will depend on many different factors, most of which we are unable to control. Therefore many of these predictions may very well be just hypothetical.
Price of bitcoin:
As we are seeing a mass adoption has started to take place and with the recent introduction of bitcoin in wall street, it is expected that the total marketcap of the most popular cryptocurrency will reach 1 trillion $ before Q3 of 2018 and 2 trillion $ before the end of 2018. This means that 1 bitcoin will be worth anywhere between 60.000 – 120.000 $.
Alts will soar:
With the constant stream of new money into the cryptocurrency market we will also see a lot of alt coins go up in price. While most alts in the TOP 15 list are expected to at least 5-6 fold in price, what will make Altcoins important will be their goals for the future. This is the point where hype will be less important and usability will be king.
We have no doubt that coins such as LTC, IOTA, NEO and RIPPLE will see significant growth due to their offers in the cryptocurrency world. Therefore, the best time to invest in alt coins is now.
Privacy coins will play an important role:
As cryptocurrencies become mainstream, so will be the need for governments to have control over them. In case we see attempts from government to bring down and/or control the leading cryptocurrencies we will see a lot of money flow into privacy coins, such as Monero and Verge.
Now back to you
All in all, 2018 will be a decisive year for cryptocurrencies and many will look back with regret for doubting the shift that will occur.