What Will Cryptocurrency Be Worth in 2020?

Cryptocurrency

TechsPlace | The history of cryptocurrency started in 2009, and still, this market is at the pinnacle of success. First, Bitcoin or Ethereum seemed to be something strange or unbelievable, but today, it is an irreplaceable part of modern society. However, if you wish to invest in Bitcoin or any other digital money, you need to explore this market to learn more about its profitability and predictions for the future. In this insightful post, we’ll try to cover this aspect and make some predictions for the future of the most popular digital currencies.

By the way, those who wish to win on price swings should invest in cryptocurrencies. But in this case, you need to use a reputable exchanger – an online platform where you can easily exchange your digital money to fiat currency. Changevisor.com is one of such marketplaces where you can either buy or sell digital money within a few clicks.

Bitcoin Predictions

Bitcoin prediction goes without saying that this crypto is deemed to be the best performer the previous year. At the beginning of 2019, the price for this coin was $3.744, but in June 2019, the price reached $12.407. Unfortunately, it couldn’t keep this price for a long time, but in general, it closed the previous year at the price of $7.294. The key factor that influenced the general performance of this coin is its participation in margin trading.

This crypto has been performing very well. Its price is contingent on the trading. The more people trade, the more the price is. Therefore, its price won’t be lower, and even COVID pandemic couldn’t influence it. By the way, it is possible to mine only 21 million coins, and 17 million have already been mined. Therefore, only 4 million are left. All of this may influence its price.

Besides, Japan, the USA, and some other countries decided to integrate this coin into their financial systems. All these aspects also influence the general cost of BTC. All in all, experts say that in a year, its average price may reach $24.000.

What to Expect from Ethereum?

This crypto is probably the most interesting piece of technology that has ever existed in the market. However, it is really hard to predict its price. A professional analyst from TradingView says that the price for Ethereum may reach up to $320 by the end of the year. But experienced Forex traders say this crypto has a good potential to grow and expect the price growth up to $1.365. Nevertheless, experts from the deVere Group are more optimistic regarding this currency. They say that there are lots of reasons for price growth. For example, today, many new platforms for trading appeared, and as a result, the demand for digital currency rapidly grows. The decentralisation of cloud computing and the popularity of smart contracts are other reasons that may lead to price growth. All in all, they say that Ethereum is in the fairway to reach the price of $2.500.

What about NEO?

NEO hit the market as a digital currency and an open-source platform that was mostly used by programmers to build decentralised apps. It was the first digital coin that was developed by Chinese experts, and today, and it’s considered to be the main competitor of Ethereum. NEO coins can’t be divided, and they are also regarded to be similar to stocks of the company. Moreover, this coin allows programmers to code using various languages like C++, C#, Java, Go, and others. Ethereum can be coded in Solidity only.

The price predictions for this coin look very well. Experts in this niche say that the cost of NEO will vary from $280 to $330. Moreover, it is in with a chance to reach the price of $500 by the end of the year.

Overall, the digital money market is not struggling. We can see that the predictions are very optimistic, and if your goal is to earn money on crypto price movements, it is high time to do this right away. But remember, this market is quite risky. If you want to earn money, you need to use reputable exchanges and spend some time learning the peculiarities of this niche.