According to a new survey conducted by the popular comparison website Finder and published in the South China Morning Post (SCMP), the blockchain industry participants are expecting the two leading cryptocurrencies Bitcoin and Ethereum to grow and triple in 2018.
“Where does this come from” – you are asking yourself.
The survey covered nine blockchain industry participants and their opinions on the potential price trajectory on the world’s top 12 cryptocurrencies. It also found that all of the participants are more optimistic for Ethereum rather than Bitcoin – expecting Ethereum to grow its market cap by 212%. Bitcoin’s market cap, on the other hand, is expected to grow by 194% while Bitcoin Cash is the third cryptocurrency that is expected to grow by 123%.
What’s important to note is that this survey was based on price levels as seen on February 27th. At the time, Bitcoin was more than $10,000 and Ethereum stuck at $870. If we put the estimates to numbers, this means that according to the respondents, Ethereum’s price should pass $2,500 by the end of the year while Bitcoin would cross the $29,500 mark and Bitcoin Cash would be at $2,700.
The survey’s projections will basically mean that Bitcoin and Ethereum would see their value to more than triple – especially with the latest correction and drop to $8,800 of the leading cryptocurrency (Bitcoin) and $670 which is the current trading price of Ethereum.
Does this mean we should invest more in these leading two cryptocurrencies?
No one knows for sure, but the trend will certainly be on the rise.
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