Thursday, March 8, 2018

Industries tied to the Blockchain still bullish on cryptocurrencies as new survey sees Bitcoin and Ethereum prices much higher by end of year

In a new survey published on March 7, a consumer product and services organization known as Finder surveyed nine large Blockchain participants and found that no matter what part of the industry they were involved in, as a whole they not only remain bullish on cryptocurrencies, but also see major ones like Bitcoin and Ethereum rising higher in price by the end of the year.

Graphic courtesy of Finder
Consumer product and services comparison website Finder’s survey of nine blockchain industry participants on the price trend for the world’s top 12 cryptocurrencies found that ethereum will see the biggest increase in market cap, at 212 per cent, followed by bitcoin at 194 per cent, and bitcoin cash at 123 per cent.  
In terms of price prediction, ethereum will however rank third, at US$2,550, by end of this year; while bitcoin and bitcoin cash are forecast to trade at US$29,533 and US$2,721 respectively, taking the top two spots.  
The predictions were based on their price levels seen on February 27, which were recorded at US$873, US$10,388 and US$1,258 respectively.  
The growth in ethereum’s market capitalisation – calculated by multiplying the number of coins expected to be in circulation by the average forecast of the coin’s value – is in part driven by wider applicability of its underlying blockchain network, market participants told the South China Morning Post.  – South China Morning Post


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