Fintech Leaders Predict Almost All Cryptocurrencies Will Fall by February

In their monthly survey of fintech leaders, price comparison site Finder found that nine of the 11 coins analyzed are projected to drop in value by February 1, 2019. Finder’s January Cryptocurrency Predictions Survey looked at eight of the current top 10 cryptocurrencies according to market cap--Bitcoin (BTC), Ether (ETH), XRP (XRP), EOS (EOS), Stellar Lumens (XLM), Litecoin (LTC), Cardano (ADA) and TRON (TRX)— in addition to three currently trending coins, Dogecoin (DOGE), NEO (NEO) and Monero (XMR). The panel of six fintech experts projected that all but XLM and ADA will fall in value by month’s end —though the long-term growth picture for most of the cryptocurrencies evaluated is much brighter.

As predicted by the panelists, the drop in value almost across the board will be led by TRON, expected to see a price decrease of 52 percent this month. DOGE is predicted to have the second largest drop in value at 47 percent, followed by LTC at 35 percent. On the other hand, the two outliers—XLM and ADA—are projected to see significant growth of 84 percent and 43 percent, respectively.

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This month’s survey by Finder excluded Bitcoin Cash (BCH) and Bitcoin SV (BSV) due to the market volatility experienced after the Bitcoin Cash fork.

In the longer term, however, the performance of these cryptocurrencies is expected to be much stronger. The panelists believe that all but DOGE, NEO, LTC and TRON will experience an increase in their value by December 31. In particular, the Finder’s panelists believe that XLM will have an incredible growth year, ending 2019 up 260 percent. ADA and BTC are also predicted to have strong years with 91 percent and 84 percent expected growth.

In addition to predicting valuation changes for these 11 cryptocurrencies, Finder’s January Cryptocurrency Predictions Survey also made projections regarding market capitalization forecasts for BTC and ETH. The panelists believe that BTC will experience the largest market cap growth in the coming year, with about 53 percent by year-end; ETH, on the other hand, is expected to grow 25 percent. Finder calculated their market cap predictions by using their estimates of the amount of coins projected to be circulated on December 31 and the panelists’ predictions of each coin’s respective year-end value.