“Predicting the long-term outcome is easier than the short-term” — Naval Ravikant (Zcash Foundation).
Cryptocurrency price prediction is one of the most discussed themes nowadays. Digital currencies have become an integral component of our community. The situation on the cryptocurrency market, which is happening recently, makes investors think about the feasibility of investing in the cryptocurrency.
Experts don’t support the low mood in relation to cryptocurrencies. In their opinion, cryptocurrency will not disappear, but vice versa, digital assets will outspread more and more every year.
Coinbase CEO Brian Armstrong is sure that cryptocurrencies will gain firm momentum over the next 5 years. At some point, the number of users may reach one billion people. In spite of the rapid drop in the cryptocurrency market in 2020, analysts do not make dismal forecasts.
The following facts speak in favor of favorable forecasts:
- Based on experts’ talks, in 2020 the number of corporations accepting cryptocurrency as payment has increased, which should have a positive effect on digital currencies.
- Cryptographic assets have been in turn for 10 years, but only now some states began to manage the digital market. One by one, world-leading countries start to legitimize BTC. The more countries give cryptocurrency the official status, the greater is people’s trust. This will lead to an increase of the digital currencies rate.
Anyway, we are transferring to a society that will have a completely decentralized economy, and instead of fiat money, people will use digital currencies. Willy-nilly, the crypto community keeps to promote this idea and bring together enthusiasts from all parts of the world. Despite the fact that the cost of coins is extremely volatile, the popularity of digital currencies is growing every day.
Let’s look at some top cryptocurrencies price predictions for 2020:
Most experts of the Crypto World say that in 2020, BTC will not stop to dominate the top cryptocurrencies market. Its value is supposed to be preserved due to the following factors:
- money flow from institutional investors;
- high speed of implementation;
- possible global financial crisis.
Many companies buy BTC, expecting to make investments that will be cost-effective in the future. Certainly, the Lightning Network will put extra value to the Bitcoin ecosystem. When it comes to the Bitcoin price prediction, it is expected that within two years it will grow by 200%, thus, by September 2020, it could reach about $13,000 – $ 14,000. Despite that, many experts are confident that the BTC price will rise from $25,000 to $250,000.
Forecast from BTCC cryptocurrency exchange co-founder Bobby Lee: Bitcoin will drop to $2,500 in January 2020, and then jump to $333,000.
Paolo Ardoino, Bitfinex Chief technology officer said: “I don’t expect Bitcoin to drop below $6,000. We might see some FUD before the Bitcoin halving. By the end of 2020, I think the Bitcoin price will be at least $20,000.”
As for ETH price prediction, the situation is dubious: the experts’ forecasts are more negative. Though Ethereum is one of the major platforms for making decentralized applications, the whole thing can change if this network is not prepared to withstand the transaction load. It is difficult to calculate the further price of coins while the total issuance is unknown.
According to Vitalik Buterin, there will be near one hundred million ETH in circulation in 2020, and the Ethereum market share will be around 1,137,500,000,000. When $1,137,500,000,000 is divided by 100,000,000, we have $11,375 per coin. Which is +4,000% in relation to the price we have today.
As you may know, XRP can turn into the leader of banking infrastructure, so the Ripple price prediction for 2020 is very optimistic. There are talks that Ripple has united with Western Union, and even wants to supersede the SWIFT network. Nowadays, Western Union and Moneygram already consider the chance of using XRP. Regarding the price, predictions vary.
As stated by WalletInvestor, Ripple price can rise by 380% and become $0.6 – $0.7. The longforecast.com foresees a maximum price of $0.42, and cryptoground.com analysts are speaking about $1.20, which makes the coin perfect for long-term investments.
Ripple price prediction from Roman Guelfi-Gibbs (CEO Pinnacle Brilliance Systems, Inc.): in 2020 Ripple will face great achievements. He believed that due to the excessive numbers of new projects unpopular cryptocurrencies would start to get cheaper, and leaders like XRP would increase in price.
The launch of the Goguen project and the KEVM test network can give a push to the Cardano price hike. The introduction of Cardano in the Western Pacific Ocean, especially in Japan, could also work towards the price growth of ADA.
Based on previsionibitcoin.it website forecast, ADA price is able to rise from $0.29 to $0.5 in 2020.
Litecoin as one of the main digital currencies for optimistic investments will continue to conquer the market due to its technological priority over Bitcoin. We know that in the meantime BTC cannot be used as a global payment network, whereas the Litecoin platform is willing to share this network load. Due to the Lightning Network, Litecoin can replace Bitcoin in numerous transactions.
Based on predictions, in 2020 the price of LTC may double and reach $80. Litecoin will grow by 440% and will come to the cost of $234 in the middle of 2020 according to some market professionals’ opinion.
AMBCrypto analyst Akadh Girimath stated the following opinion in one of his recent articles: “The first target would be $63; breaching this would put the price on a ride up to $78. At $78, the price will either move sideways or even retrace to $70. A further rally from here would put the price into its last target at $90 – $100.”
The predicted price of Stellar Lumens in 2020 is around $0.64 – $0.7. However, some experts make brighter forecasts. Most XLM price predictions for 2020 give a reference to a partnership with IBM: all the developers’ hopes are related to this. IBM’s blockchain division decided to use Stellar as a cryptocurrency for its payment infrastructure. There is a strong belief that according to the 2020 predictions the XLM rate will be able to rise by more than 200%. The partnership with IBM (and other companies such as Deloitte) will definitely increase attention to the project. In addition, the team has very experienced people who have skills needed to take the entire Stellar project to a new level.
It is expected that TRX will attract institutional investors in 2020, especially with the plan to make TRX an institutional level marker. It is assumed that many organizations are planning to adopt blockchain technology this year, that will increase the acceptance of coins with the support of rapidly growing dApp applications.
As for the TRX price for 2020, experts’ opinions have been divided: some predict that TRX will cost around $0.1, while others expect a price of $1.
For example, by the end of 2020, TradingBeasts website notes Tron amid $0.11 and $0.16. The truth is that 2020 will be unstable so investors and cryptocurrency carriers should expect huge swing in this year.
DOGE price will probably pick up, as people start to understand its worth and they are getting over the idea that it is nothing more than a crypto joke. Dogecoin may touch the $0.02 mark, where the highest awaited price is $0.0294 and the minimum expected price is $0.0224.
- CryptoGround: Dogecoin price will reach $0.0032 by the end of 2020.
- WalletInvestor.com: Dogecoin will cost $0.00376 in 2020.
Experienced users and cryptocurrency market analysts are concerned about the recent drop in ZRX exchange rates. This happened against the background of a general correction of the cryptocurrency. At the same time, experts argue that the 0x will soon win back its former positions and begin to conquer new peaks. In general, ZRX price prediction for 2020 is positive, that should make potential investors happy:
- TradingBeasts has a very hopeful prediction, where there is a belief that ZRX might reach $1 by the end of 2020.
- Coin News Telegraph predicts that 0x may reach the highest possible $2 in 2020.
Bitcoin SV (BSV)
Bitcoin SV appeared in autumn 2018 as a result of Bitcoin Cash hard fork. When cryptocurrency just appeared on the market, the cost of 1 BSV was $88. Just in a week, it exceeded $200. Many people began to buy BSV just because it was associated with Bitcoin. BSV is perceived very ambiguously in the community because of the scandals around its creator Craig Wright, and experts have no hurry to make any predictions. But here are some of available Bitcoin SV predictions:
- Crypto Rating gave Bitcoin SV the following price prediction: by the end of 2020, BSV is expected to reach $980.41, which seems an optimistic forecast.
- Gov Capital predicted that BSV may double than what it is at present. They believe that in a year, Bitcoin SV might cost $645.267.
Forecasts for 2020 about XTZ are different. As an example, analysts of the WalletInvestor say that there will be a serious drop to $ 0.086. And TradingBeasts, on the contrary, supposes that Tezos will up to $1.33 by the end of 2019.
Cryptocurrency market analysis presents that the price of XTZ may reach $2.53 in the beginning of 2020 due to the potential interest from major institutional investors. Crypto-rating crypto-analytical resource system forecasts that the coin will reach a level of $2.53 in 2020.
As stated by CryptoGround, Tezos will cost $1.25 in 2020.
DigitalCoinPrice foretells XTZ coin will come up to $2.01 by end of 2020.
Bitcoin Cash (BCH)
It can be said that the entire cryptocurrency world has been separated into two teams that have absolutely different positions about the fork of the original BTC. Some people support it, speaking in favor of the Bitcoin Cash advantages, and talk of $10,000 for every token. On the other hand, there are people who tell that BCH has lost the principal feature of cryptocurrencies – decentralization, therefore it can not be considered a digital currency by definition.
In spite of criticism from the Bitcoin network creators, the Bitcoin Cash has firm support from influential people in the crypto field. One of the expert voices is the voice of Roger Faith, who received a nickname “Bitcoin Jesus”. He is assured of the fast growth of Bitcoin Cash in 2020.
The cryptocurrency world is one of the few well-known areas that are changing so quickly nowadays. Every day, new technological developments and governments’ actions significantly affect the price levels, use and further progress of cryptocurrencies. Anyway, in 2020 a number of important events are expected to happen that will definitely have a strong impact on top cryptocurrencies price.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk. You are the only one
responsible for making investment decisions.