A long standing concern among investors in the cryptocurrency community is the volatility. Back in early January 2018, we witnessed a huge crash in prices, one that we are yet to recover from. There have been a number of factors that have been blamed for this crash, with the South Korean crypto ban being top of the list.
Regardless of what has caused the crash, the one big question on everyone’s lips is; will it ever recover? The bottom line is that experts believe that it eventually will. The crypto markets have survived at least two major crashes before, and they are confident that they will eventually recover from this one.
We will take a look at the top three cryptocurrencies, and their price forecast in the aftermath of one of the biggest crashes the cryptocurrency has ever experienced.
Bitcoin is the first and arguably the most popular cryptocurrency, as well as being the most liquid. The main problem with Bitcoin is its scalability, or lack of. This has made Bitcoin both slow and very expensive to use; however SegWit might be changing this in upcoming weeks by speeding up transactions and lowering fees.
Because of this, experts do not believe that there is any reason as to why Bitcoin will not rebound from this latest crash, and continue to be adopted as a mainstream currency.
Price Prediction: $15,000
Because the Ethereum network is built on ‘smart contracts’, this creates the demand for Ether within the DApps running the contracts. Currently, there are more than 1,000 DApps running on Ethereum, so this combined with their partnerships with corporate and financial sector heavyweights through the Enterprise Ethereum Alliance means that Ethereum continues to grow.
There is absolutely no question as to whether Ethereum can recover. It has already faired better than the others, and experts are predicting that it will actually take the lead over Bitcoin.
Price Prediction: $1,500
Ripple was fairly unknown this time last year, but has quickly crept to the 3rd
top cryptocurrency available at the moment. This is mainly due to the partnerships that it has with financial giants and banks.
Of all the current cryptocurrencies, Ripple stands the best chance of being introduced to the mainstream currency, and because of this, the 2018 crash in price should not be permanent. Experts see a promising future for Ripple, and see it retaining a high price as time goes on.
Price Prediction: $10.00