Tag: Predictions

Crypto Could Take 10+ Years to Regain 2017 High, But Then Will Be Mature: Cardano Founder

Crypto Could Take 10+ Years to Regain 2017 High, But Then Will Be Mature: Cardano Founder

BITCOIN, COINTELEGRAPH, CRYPTOCURRENCY
Crypto markets might need more than a decade to regain 2017’s price highs, but the industry will a “dramatically different ecosystem at that point,” according to top altcoin Cardano’s (ADA) founder, Charles Hoskinson. The industry expert made his comments in an interview with Cointelegraph at the Crypto Finance Conference, Jan. 17.Hoskinson compared crypto’s major growth spurt in 2017 with Amazon’s performance during the dot-com bubble. The entrepreneur — who is also the co-founder of Ethereum (ETH) — noted that it took 11-12 years for the internet giant to recover its all-time highs at the peak of the bubble. He argued that by 2011-2012, the firm was a “very much more mature company, much more realistic company.”According to Hoskinson, crypto as an industry could experience a similar grow

Bitcoin’s Technicals Show Signs of a Bottom, Possible Short Term Rally: Analysts

BITCOIN, COINTELEGRAPH, CRYPTOCURRENCY
Key technical parameters signal that top cryptocurrency Bitcoin (BTC) may be finding a bottom, and could even be headed for a short term price hike, according to analysts at Bloomberg Jan. 22.Bitcoin’s GTI Global Strength Technical Indicator is now at 35.6, which Bloomberg notes is “nearing oversold levels,” and the lowest level since December. The parameter indicates the coin has robust support at $3,000-$3,100, and is stabilizing around the $3,500 mark.Bloomberg gages the likelihood of a short term rally based on the GRI VERA Trend Signals indicator — VERA, which stands for Volatility Explosion Relatively Adjusted theory, is used to identify trends over multiple time spans.Having reportedly breached its lower VERA band limit yesterday, Bitcoin quickly rebounded to trade just above it — a
Alistair Milne: Bitcoin Is Only Public Blockchain Certain to Last for Next 100 Years

Alistair Milne: Bitcoin Is Only Public Blockchain Certain to Last for Next 100 Years

BITCOIN, COINTELEGRAPH, CRYPTOCURRENCY
The next cryptocurrency bull run will decide which public blockchains become the defining names of the industry, United Kingdom-based investor and entrepreneur Alistair Milne predicted in a Twitter thread Jan. 19.Milne, who is well known on Twitter in particular as a source of bullish statements about Bitcoin (BTC), said that any new price highs for the largest cryptocurrency should surpass those of 2017.“The probability that Bitcoin matches its ATH [all-time high] price again and doesn't then continue past it seems very low. Each wave of adoption is an order of magnitude bigger than the last,” he wrote in a thread on Saturday.Bitcoin continues to trade around 80 percent lower than at its peak in December 2017, when its price reached more than $20,000 on some exchanges.The persisting downt

Blockchain Featured in Big Four Firm Deloitte’s Annual Tech Trends Report

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Blockchain is featured as a disrupting technology in the Tech Trends 2019 report published by Big Four audit and consulting firm Deloitte on Jan. 16.According to one article in the report, “[a]dvanced networking is the unsung hero of our digital future,” and blockchain is cited as a part of it. The report — which mentions blockchain 25 times — notes that blockchain is among the technologies the importance of which is growing rapidly and still on its path towards mass adoption.The report also cites a International Data Corporation’s (IDC) projection from last year that states worldwide spending on blockchain solutions will reach $9.7 billion in 2021. Another IDC’s prediction sees the spending hitting $11.7 billion in 2022.The annual report also notes that the fact that blockchain is “captur

Bold Price Predictions For Stellar (XLM) and Cardano (ADA) in 2019

EOS, NEO, NEWSBTC
Crypto predictions are always taken with a pinch of salt. They are essentially just guesswork based on a few fundamentals and snapshots of the market at any given time. There is no doubt though that predictions for future prices of crypto assets are incredibly popular, and the latest from Finder have made some bold assertions.Stellar and Cardano up, Litecoin and Neo downUsing a panel of industry insiders Finder has set out to publish an updated list of insights for various cryptocurrencies each month. For this, their first month, the panel of six have analyzed and will predict movements of eleven crypto assets with a predicted change in price between now and the end of the month and one for the end of 2019. Panelists include Ben Ritchie COO of Digital Capital Management, Fred Schebesta, CE...
3 Cryptocurrency Trends in 2019 from 3 Industry Experts

3 Cryptocurrency Trends in 2019 from 3 Industry Experts

BITCOIN, CRYPTOCURRENCY
Three industry experts have recently provided their take on what the trends in the cryptocurrency field will be in 2019. Let’s have a look at three recent predictions regarding the market and the trends to follow from popular industry experts. Equity Capital Raising in ICO ProjectsPaul Veradittakit, a partner at prominent cryptocurrency investment fund Pantera Capital, observes an emerging trend amid blockchain-related companies – they are raising funds by selling shares instead of issuing more digital tokens.A bunch of companies that raised capital using the initial-coin-offering structure either have managed their treasury poorly or realized that they haven’t found a strong use case for their token — they are in need of more capital and to raise an equity round. – He said.It’s worth noti
Blockchain-Powered Prediction Platforms: Governance and Uses Beyond Gimmick Markets & Death Pools

Blockchain-Powered Prediction Platforms: Governance and Uses Beyond Gimmick Markets & Death Pools

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.comLike many other ICO success stories and subsequent leaders in their respective market segments, Augur, the preeminent platform for decentralized predictions, faces constant public scrutiny. The latest episode that drew public attention is the allegation, voiced by cryptocurrency hedge fund Tetras Capital partner Alex Sunnarborg, that a developer group behind the platform significantly overstates the volume of trades that Augur processes.While the real trade volume is an essential metric indispensable for understanding the scale and impact of a given project, it is still a quantitative, rather than qualitative measure. In this regard, a dispute around how much money is staked on Augu

Vinny Lingham Forecasts Bitcoin Price for Two Months Trading Between $3,000 and $5,000

BITCOIN, COINTELEGRAPH, CRYPTOCURRENCY
Vinny Lingham, CEO of blockchain identity platform Civic, has revised down his short-term Bitcoin (BTC) price prediction on Jan. 11, telling financial news network Cheddar that the cryptocurrency could fall below $3,000.In an interview, Lingham, who had previously forecast BTC/USD to trade between $3,000 and $6,000 in the coming months, said the market would either “breakout or breakdown.”“The reality is it’ll probably trade sideways between $3,000 and $5,000 for another month or two while it’s trying to find which way to go,” he said, adding:“When it finds that direction, there’ll be a breakout or a breakdown.”Lingham was speaking after Bitcoin lost its support at $4,000 to drop around $250 in a matter of minutes on Thursday.The renewed volatility had followed several days of flat movemen
Wall Street’s Bill Miller: ‘Bitcoin Has Potential to Be Worth a Lot or Worth Zero’

Wall Street’s Bill Miller: ‘Bitcoin Has Potential to Be Worth a Lot or Worth Zero’

BITCOIN, COINTELEGRAPH, CRYPTOCURRENCY
Bitcoin (BTC) can potentially have a high value or be worth nothing, noted Wall Street investor Bill Miller told CNBC in an interview on Monday, Jan. 7.Miller, the founder of investment management firm Miller Value Partners, spoke to CNBC host Kelly Evans during a show called “The Exchange,” calling Bitcoin an interesting technological experiment and recalling a clear pattern of higher lows each year.For instance, the coin’s lowest price hovered around $3,200 last year, he stated. However, now Bitcoin is trading over $4,000 again. Miller told Evans:“Bitcoin has the potential to be worth a lot and to be worth zero.”The investor also mentioned another tendency, noting that Bitcoin bottomed almost exactly 52 weeks after it peaked in December 2017, while the stock market didn’t bottom for anot
Big Predictions for 2019: Bitcoin Heading for New All Time High

Big Predictions for 2019: Bitcoin Heading for New All Time High

BITCOIN, NEWSBTC, RIPPLE
Price predictions for Bitcoin and cryptocurrencies can always be met with some degree of skepticism. A market correction was expected last year but very few predicted that Bitcoin would lose over 80% in 2018. Weiss Ratings has just released their predictions for the coming year and they are extremely bullish.New ATH For BitcoinStarting out with the fact that 2017 was a great year for crypto investors and 2018 the complete opposite the forecast attempts to predict what is in store for 2019. The fundamentals for crypto in 2018 were extremely good despite the divergence in price action. Many countries opened their doors to crypto and regulatory frameworks to protect investors were rolled out across the globe.Weiss forecasts are based on their trend cycles model and their crypto coin ratings m...