5 Crypto Predictions For The Rest Of 2018

2018 has been a bad year for cryptocurrencies. Despite the continual growth of nearly every cryptocurrency out there, we suffered a big decline which led the price of Bitcoin to lose more than $10,000 and the market cap to lose more than $200 million. Currently, the situation is improving. However, not everyone is optimistic about the crypto market.

Below, we are listing the five main crypto predictions for 2018.

1. Crypto market will be lower by year’s end

Many analysts predict that 2017 was the best year for cryptocurrencies, with a market cap that reached $500 billion. Currently, it is very hard to reach that number – especially with all the regulatory issues and problems for many cryptocurrencies. All in all, 2018 may be a good time for buying cryptocurrencies.

2. Bitcoin will lose half of its value

According to Sean Williams, a popular analyst in the crypto space, Bitcoin will lose half of its value this year. Williams thinks that the initial price of $14,000 which Bitcoin held in January 2018 will drop to $7,000 (which is something we are seeing now) and Bitcoin will maintain this momentum throughout the entire year.

3. Bitcoin will briefly lose its top position to another altcoin

This is obviously one of the biggest crypto predictions, mostly because such thing never happened so far. According to Williams, Bitcoin may be replaced on the top by another coin (likely Ethereum) which will bypass the leading cryptocurrency – even momentarily.

4. The US will expand its cryptocurrency regulation

This is a no-brainer according to many analysts. In 2018, we are likely to see the Department of Justice, Securities Exchange Commission, and North American Securities Administrators Association actively pursuing crypto opportunities. The Internal Revenue Service, according to Williams, will increase regulation beyond ending the like-kind exchanges loophole.

5. A Bitcoin ETF will come to market

Last but not the least in the list of crypto predictions – is the prediction of a Bitcoin-electronic traded fund (ETF) which would hit the market as soon as the CBoE offers Bitcoin futures. Williams assumes that with increased regulation in the space, the ETF will happen.

In the end, Williams also warned of the dangers in the cryptocurrency world, writing that digital coins currently have no metrics that can be measured outside of transaction speed and daily trading percentages.