The cryptocurrency market has seen several predictions over the past few months, with some being a hit and miss and a few other coming eerily true. In a recent tweet, William Mougayar, the author of The Business Blockchain, gave out a list of cryptocurrencies with predicted price points at the end of 2019.
According to Mougayar, also the producer at Token Summit:
“End of year predictions:
ETH @ $1,000
BTC @ $25,000
ETC @ $50
ATOM @ $20
BNB @ $50
DOT @ $250
EOS @ $7
KIN @ $.0001
STX @ $1.50 (Stacks)
STEEM @ $.50
Total Crypto Mkt Caps $750 B.
BTC dominance will end at 55%.
ETH at 15%. Top 20 at 95%.
[this is not trading advice]”
The prediction was made last month, keeping in mind the bull run that occurred recently. Bitcoin’s year-end price point has been predicted by several analysts before, and the $25,000 mark is less compared to some of them.
At the time of reporting, Bitcoin’s price was standing at $9249 as the most significant cryptocurrency has a total market cap of $166.75 billion. The rise in market cap has been significant because a few weeks back, the factor was below the $150 billion mark. The world’s largest cryptocurrency had a routine 24-hour trading volume of $20.93 billion.
The second-placed Ethereum has been predicted to jump the most by year-end and settle at a whopping $1000 per ETH. That target seems to be difficult at the moment as the Vitalik Buterin led cryptocurrency was trading for $184.49. The 24-hour market volume for ETH was $8.01 billion, significant but still well short off Bitcoin. Some crypto enthusiasts did not agree with the analysis, as many expected the price to be within the $8000-$12,000 range.
The XRP community was outraged as Ripple’s cryptocurrency was not mentioned with XRPFerguson replying to the original tweet:
“Hey William you forgot to list the only crypto that has the partnerships and actual real world utility #XRP feel free to revise @workingmoneychannel”
Although Ripple has managed multiple partnerships in the fintech space, its cryptocurrency has struggled to maintain optimum escape velocity. In 2018, the cryptocurrency had managed to keep Ethereum at bay by holding onto the second place on the charts, but this year, XRP has struggled to keep up.
As we write this, XRP held a value of $0.29, with a total market cap of $12.7 billion. The cryptocurrency had a 24-hour market volume of $1.40 billion as it continues to be used for technologies like xRapid.
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.