Well the surveys done and dusted, the results are in, and all the signs point to Bitcoin and Ethereum tripling in 2018. How do we know? Because Finder, the trendy comparison website, recently published their survey results in the South China Morning Post and many Blockchain experts believe the only way is up for those two cryptocurrencies.
9 Experts Look at the Big 12 Cryptocurrencies
The world’s big top 12 cryptocurrencies came under the microscope with 9 Blockchain industry experts all being asked the same question about potential prices. All the industry experts were more confident about Ethereum than they were Bitcoin.
The survey says:
Ethereum’s market cap is expected to increase by 212 %
Bitcoin’s market cap is expected to increase by 194 %
Bitcoin Cash is expected to grow 123 %
Ethereum’s anticipated increase is down to the growth of their initial coin offering (ICOs) and the capability of their network. As reported by Hacked Ethereum’s ICO fundraising topped $1.2 billion in February making a total raise for the year of $2.7 billion.
Hong Kong-based cryptocurrency broker Octagon’s vice president Si Oh commented:
“Bitcoin still accounts for an outsized portion of our flows. To put it in perspective, average daily Bitcoin turnover is still more than three-fold that of Ethereum.”
Hong Kong-based digital asset management company CryptAM co-founder Kevin Loo has also gone on record with his opinion that Ethereum has a bright future. Loo also advised that Ethereum does face scaling issues but he believes they can handle them. He said:
“As an example, in November 2017, the Ethereum network saw a new craze for CryptoKitties, a virtual kitten game which lets players buy and breed ‘crypto-pets’. This slows the network down and highlighted one of the challenges facing older Blockchains – a lack of scalability.”