Bitcoin will recover to $6,947 by year-end

Nearly all coins are expected to fall over the next month, with the exception of Cardano and Stellar, which will increase by 43% and 84% respectively, according to a survey of industry experts by price comparison site finder.com.

Tron, Dogecoin, and Litecoin are set to experience the greatest drops by 1st February, with falls of 52%, 47% and 35% respectively. However, five of the falling coins are anticipated to recover over the next year. This means that over the course of the year a total of seven coins are predicted to increase in value.

Those set to see the greatest growth in 2019 are Stellar, Cardano and Bitcoin, with forecasted growth of 260%, 91% and 84% respectively. finder.com’s survey panellists, including Bitcoin core developer, educator and entrepreneur, Jimmy Song, and Ben Ritchie, COO of Digital Capital Management, expect Bitcoin to recover to $6,947 by year-end.

Jon Ostler, UK CEO at finder.com, says: “December surprised quite a few people, with a lot of coins rising fairly consistently. This has continued to be the case so far in January, although our panellists don’t expect this trend to last for all coins. Past experience in this sector also reminds us that a month of gradual price movements can change in a matter of hours.”