Verge, Ethereum and Bitcoin are set to be the most successful cryptocurrencies in November, ending two months of limited price fluctuations in the market, according to personal finance comparison site finder.com’s latest Cryptocurrency Predictions Survey.
It’s bad news, however, for Tron, which is expected to see a fall over the next month. Despite finder.com’s panel of experts predicting a bright 2019 for the coin (80% growth), they believe its value will drop by 10% in November.
Looking ahead to 2019, XRP is forecast to experience the greatest growth at 327%, followed closely by Ethereum (211%) and EOS (189%). While the panellists believe EOS will see only slight growth over the next month (+13%), they’re confident that it will increase at a faster rate in 2019.
Bitcoin is also set to make solid progress over the next year, with an average predicted value of US$16,732 (£12,862) by the end of 2019. This would mean the currency would be nearing levels reached at its peak in January 2018. The only coin set for a drop in value over the course of 2019 is Bytecoin.
Jon Ostler, UK CEO at finder.com says, “Some of our panellists believe external forces could shift the market greatly over the next month, and particularly for Bitcoin. The upcoming decisions on a Bitcoin Exchange Traded Fund being approved or not by the US Securities and Exchange Commission (SEC) and the US Commodities and Futures Trading Commission (CFTC) deciding whether to accept the application by ICE backed cryptocurrency exchange, Bakkt, are expected before 1st December. So at this stage, it’s difficult to predict exactly what will happen.”
“When picking the up and coming coins for the next year, our panellists tended to select those that have strong protocols and backing. Many of our panellists suggest that the more developed or high-quality coins are grabbing their attention, rather than obscure small cap coins,” he concludes.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.