Cryptocurrencies have struggled as of late, but another bull run could be just around the corner, according to a recent survey conducted by Finder and published in the South China Morning Post. Finder, a popular comparison website, asked nine blockchain participants about the possible trajectory of 12 cryptocurrencies. Among the study’s more interesting findings is the projected path of bitcoin over the next nine months.
Participants said bitcoin’s value will hit $29,533 by the end of the year, a nearly threefold increase from the current price point of around $9.400. Ethereum was tipped as the best-performing digital currency of the year, with a market cap that is projected to rise 212%.
In terms of price growth, ether is projected to more than triple to $2,550. The industry panel projected a more than doubling of bitcoin cash’s price to $2,721.
The predictions were based on price action of digital currencies on Feb. 27, the South China Morning Post reported.
While bullish predictions on cryptocurrencies are nothing new, the latest outlook should provide some relief to long-term holders of digital assets who may be concerned with recent price trends. Ethereum’s expected growth comes at a time when more companies are utilizing its protocol to launch digital assets of their own. Read more from hacked.com…
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