Blockchain technology and its affiliated cryptocurrencies were a part of the bubble that some people think has burst out sooner than the predicted period. However, the boom after the burst went high that cryptocurrency got trending at just the blink of an eye. Today, Blockchain technology is in practice on various considerable sectors such as energy, travel, dining, hospitality and more. Today the highest bidders in the crypto market are Bitcoin which is worth around $7k, Ethereum valued to be $126, Ripple currently priced around $0.228540 and Tether with a value of $0.99.
You must be wondering where to invest or to be specific in which cryptocurrency to invest in the upcoming year. No one can predict the prices of cryptocurrencies with total certainty even after analyzing various trends and charts. Yet most professionals suggest investing in a cryptocurrency when its price is low. One reason to do so can be that every cryptocurrency has a booming point. Although it is still not clear when the value is going to go up. So here are a few predictions made by the experts for the upcoming financial year 2020:
Bitcoin Current Price and Forecasts
The Bitcoin seems to be in for another rollercoaster ride in 2020. Currently, the Bitcoin has priced at $7078.70 as of December 2019. John McAfee, the founder of the MacAfee Anti-Virus software, predicted that the Bitcoin would be worth half a million by the end of the year 2020. Though, on facing depression in price from $10K in 2018 to $7K by the end of 2019, Bitcoin is expected to start the year at a plodding pace. It eventually expected to go down to $6.5K by the beginning of January 2020, proving Mr. John McAfee wrong.
By the end of the month, Bitcoin’s price is expected to stand at $6,575.162. It is going to experience constant dips throughout the year, with the maximum expected price to fall by 13-17% every month. By the end of 2020, its expected value would be $6,402.044.
Ethereum Current Price and Forecast
Ethereum had valued at around $126 as of December 2019. However, the financial year 2020 does not seem too well for Ethereum. This cryptocurrency is expected to go into stagnation mode throughout the year. It is expected to start this new financial year at the same price and might reach a maximum valuation of $140.353 with a minimum amount of $95.440. That said, Ethereum could be expected to end this year with a maximum price of $149.219.
Ripple Current Price and Forecast
Ripple is supposed to flourish in 2020. Ripple’s current price is $0.228540 and is expected to be valued at $0.2717581 by the end of the year. XRP (Ripple) is expected to start the new financial year with the same value and follow the trend to reach a projected maximum valuation of $0.3334384 in January 2020.
The first quarter is expected to be volatile due to the ups and downs experienced by the currencies. However, there is a possibility that by the end of 2020, Ripple’s partners like American Express and Lian Group could merge officially shooting up the value of XRP to around $1.40-1.50 by the end of the financial year.
Tether Current Price and Forecast
Tether is currently valued as $0.996537 and is expected to be valued at $1.28584 by the end of this year. Thus, Tether is expected to get a good start in 2020 and may reach a maximum price of $1.60716, along with a minimum valuation of $1.09287.
Tether is expected to be valued at $1.28573 by the end of January 2020. It might be appreciated around the same price cap throughout the year. It might reach a maximum price of $1.60418 by the end of the year.
Let’s say that you can expect your return on Investment to be high on the smaller players than the larger ones in 2020 when it comes to the Crypto Market. So now with the Tether and Ripple current price being low, we suggest you to start investing. Who knows what fortunes await you.
Author Name: Evan
About the Author: Evan is a professional writer who loves to write about crypto-currency, ripple coin, current news on ripple and latest updates. He is an expert and loves to share his experience with the world.
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