Last year the price of Bitcoin went up by the factor of 20, but the recent pullback has brought the price down to $8,000. Experts of the Canadian firm Profit Confidential have looked into the matter to predict the price of crypto at the end of 2018.
It is important to note that experts have taken 3 cryptos which they believe will survive in the future no matter what. The analysis was conducted using the macro-factors which influence the price.
Profit Confidential mention SegWit as an important step which will make Bitcoin transactions faster and cheaper. They also state that the Lightning Network will play a huge role in making the currency faster. As a result of that, they predict that Bitcoin will cost $15,000 at the end of 2018 which is 2x more than the current price, but still $5,000 off the December highs.
Ethereum reached its peak on the 14th of January. At that time it cost $1,412. The current price is somewhere around $800. Experts promise that ETH will reach $1,500 by the end of 2018.
XRP costs around $1.00 at today's prices, despite the fact that at the start of January the price has reached its peak at $3.82. As we speak, the development team is working hard at expanding their range of partnerships which has a positive impact on the price of the token.
Experts claim XRP to be undervalued and are confident in the rise of the price up to $3.00 if not more.
Predicting the price of coins is a very is not exactly science and the truth is - no one actually knows what the price will be. Despite that, we are still hoping to buy a lambo. Maybe this year?