- Price comparison site finder.com, releases July Cryptocurrency Predictions Survey, 13 coins forecast
- TRON (TRX) forecast to see 207 percent increase by end of month
- Bitcoin (BTC) predicted to hit US$7,247 (£5,488) by 1 August 2018
- Monero (XMR) once again expected to see smallest growth by end-of-year at only 66 percent
TRON (TRX) is predicted to experience the greatest growth out of the top cryptocurrency coins* by the end of month, rising 207 percent to US$0.120 (£0.091) by 1 August 2018. This is according to price comparison site finder.com’s monthly Cryptocurrency Predictions Survey, released today.
Cardano (ADA) is expected to have the second-greatest positive price growth by 1 August (85 percent), followed by Dogecoin (DOGE) (32 percent).
Bitcoin (BTC) is predicted to hit US$7,247 (£5,488) by 1 August 2018, an increase of 18 percent, slightly more optimistic than the June prediction of 13 percent. Despite this, Bitcoin (BTC) is expected to half in value by the end of the year to US $15,372 (£11,640), half of what the panellists predicted in January, at US$33,000 (£24,989), due to uncertain regulations, high-profile hacks and buyer indecision.
IOTA (MIOTA) is expected to see the smallest growth by the end of the month at only 1 percent, followed by Monero (XMR) at 2 percent. Monero (XMR) is also expected to see the smallest growth by the end of the year at 66 percent, the second month in a row the panellists have predicted it to have the smallest end-of-year growth.
Comparing the forecast market capitalisations** for bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH) – the only 3 of the 13 coins with reported number of coins available – bitcoin (BTC) is predicted to see the highest growth by the end of the year (155 percent). This is followed by Ethereum (ETH) with a 112 percent increase, and Bitcoin Cash (BCH), with an increase of 97 percent.
The 14 panellists in the July Cryptocurrency Predictions Report include:
- Adrian Przelozny: CEO and founder of digital currency exchange Independent Reserve, focused on bringing a new approach to bitcoin exchanges
- Craig Cobb: Founder of TraderCobb.com, designed to educate people on crypto trading in a way that is simple, easy and logical
- Aaron LePoidevin: Adviser of Every Capital, Australia’s first retail crypto hedge fund. He’s also an active angel investor, startup mentor and board advisor
- Alisa Gus: CEO of WishKnish, a blockchain gamified social market network aimed at helping communities grow, and founding member of the DC Digital Economy Hub
- Fred Schebesta: Co-founder of global comparison site finder.com and OTC cryptocurrency trading platform HiveEx.com. Award-winning entrepreneur
- Joseph Raczynski: Technologist, futurist, Joetechnologist.com and Reuters, technology consultant and manager specialising in Blockchain technology
- Kunal Patel: Business mentor for Startupbootcamp FinTech and SuperCharger Fintech Accelerator, also council member at GLG (Gerson Lehrman Group)
- Adam Poulton: President of Blockchain Australia, managing director of Get Paid In Bitcoin
- Genson Glier: Co-founder and CEO of BlockToken.ai, a next-gen token-issuance platform for ICOs
- Joerg Molt: CEO and blockchain specialist of the Satoshi School 1–10 Mitglieder in Bavaria, Germany
- Brad Silver: Global head of trading at HiveEx.com, an OTC cryptocurrency trading desk
- Calvin Weight: CEO for Coinbook, a cryptocurrency trading platform, and regular speaker
- Sarah Bergstrand: COO of BitBull Capital, a crypto hedge fund with a research-focus, background in venture-backed tech companies
- Rabbi Ahmed: Head of trading at Bit Trade, Australia’s longest-running provider of digital currency trading, background in trading and stockbroking
- Marie-Antoinette Tichler: CEO of C2Legacy Technologies, a digital assets management platform
The full details of the survey, complete with comments from the panellists, can be found here: https://www.finder.com/uk/cryptocurrency-predictions
Jon Ostler, UK CEO at finder.com says, “Although the European Parliament’s positive research on cryptocurrencies has given Bitcoin’s value a boost, the end-of-year prediction for bitcoin remains half of what it was in January. At £11,640, our panellists aren’t expecting bitcoin to see the same rally it had at the end of last year.
“Instead, with TRON’s mainnet recently launched, our panellists have shown a lot of faith by predicting it to rise higher than any of the other top coins. This could be a coin to watch if it manages to keep momentum up.
“Despite these forecasts, and the recent praise of cryptocurrency, it’s important for potential crypto purchasers to do their own research and be aware of the risks when investing in any currency as increases are by no means guaranteed. When in doubt, seek help from a professional advisor in order to better understand the risks before purchasing.”
For more information on finder’s cryptocurrency predictions, please visit https://www.finder.com/uk/cryptocurrency-predictions.
–Ends–
Notes to editors:
- *Coins were chosen using the top 10 by market capitalisation as reported by CoinMarketCap, plus three of the top coins with the highest social volume reported by Solume.io as of 20 June 2018.
- **Market cap was calculated by using the number of coins expected to be in circulation by the end of the year and the panellists’ forecasts of each coin’s value by the end of the year.
- Jon Ostler, CEO (UK) at finder.com is available for comment, opinion or interview regarding the predictions.
For further press information, please contact:
Yasmine Triana/Aaryn Vaughan
Rooster PR
T: +44 (0)20 3440 8930
E: [email protected]
About finder
finder, Australia’s #1 comparison site, launched in the UK in February 2017.
Founded in 2006, finder has over three million MUUs and has helped consumers make 15 million decisions over the past decade.
finder is entirely independent, offering consumers unbiased content, comparisons and, wherever possible, a full market view.
So much more than just a comparison site, finder provides in depth guides, advice and editorial content to help consumers better understand all the options and products available.
Committed to educating and empowering consumers to make informed choices and ultimately, to make savings, finder’s success is based on the provision of up to date and relevant information supplied by dedicated, round the clock research teams.
Categories currently available in the UK include money transfers, travel money, gas & electricity, mobile, broadband, and TV streaming. New products (including insurance, credit cards, loans, mortgages and pensions) will be rolled out over the coming months.
finder now operates in 10 countries including: the UK, Australia, New Zealand, USA, Canada, Hong Kong, Singapore, Chile, Spain and Mexico, and employs over 120 staff worldwide.
