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Price Predictions

Is The Cryptocurrency Market Going To Recover In 2019?

Analys Reminder

I want to start off by saying, no one is able to predict where Bitcoin will go and how the whole cryptocurrency market will look a like in the future. All the news you read are speculations,analysis and thoughts on how the things could go.

Let’s Begin

in 2018 it was believed that crypto market capitalization would increase significantly, as more blockchain will occur and the technology will see more development and acceptance. Despite many negative market trends, many experts and analysts have remained positive about its future evolution.

Although the blockchain has spread and came into use in different industries this year and more and more people are interested in crypto-lows, the market is still suffering great losses. Also, many leaders in the technology field have recognized the potential of this new technology. Many have started or are thinking of creating their own cryptocurrency. 

Usage

William Dudley, president and CEO of the Federal Reserve Bank of New York, publicly revealed last year that the institution is planning to release its own virtual currency. Estonia also thought last year to introduce its e-Residency program together with its own crypto, called Estcoin.
Estonia is considered to be one of the most advanced and innovative technology countries that are always striving for success. The Swedish central bank is also interested in issuing its own digital currency. The coin, called eKrona, is already included in CoinMarketCap but is still not active because there are some processes that are still in development.
Some banks in Japan are planning to release their own crypto, called J Coin, which will take place before the Tokyo Olympic Games in 2020. The crypto will be a 1: 1 ratio to the yen. J Coin will be used to pay for goods and services that can be used through smartphones. It is also interesting that China, a country that has taken a very radical stance against all altcoins, is already considering its own token and Russia is also interested in ether.
 
2019 Forecast
The future in the cost of bitcoin or altcoins will be largely influenced by the rules issued by governments regarding their legality, taxation, and what role they play in money laundering and other illegal funding.
An important forecast for 2019 comes from Wallet Investor, who believe the Bitcoin will reach $ 36,000 by the end of next year. Personal Loans predict that the token will reach a huge price of $ 207,000 at a time in 2019.
Wences Casares, PayPal’s Director, makes a pretty bold estimate of $ 1 million that will happen over the next 5-10 years. Technological veteran John Mcafee sees half the increase in the next three years for bitcoin, speculating that it will reach $ 500,000.
Dan Morehead, CEO of Pantera Capital, is convinced that the market can reach the expected value of $ 40 trillion over the next decade. It is estimated that nearly 90% of all cryptocurrencies will disappear. And this speculation is supported by the fact that almost 50% have already been declared dead and / or deceived.
Winners
The only cryptocurrency that will remain in force will be those that have real value and use. As they will have fewer competitors and have already found themselves to have value, they will continue to grow both in value and in terms of acceptance.

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