Despite the fact that the cryptocurrency market has been in decline throughout 2018, experts forecast that the bearish trend will soon change to the bullish one. They have also identified which cryptocurrencies could show growth in 2019.
Bitcoin is a cryptocurrency that inevitably affects the entire market. Despite the fact that the BTC price of March 20 was $4047, experts believe that this year the coin will show growth. Regardless of its volatility, Bitcoin is the market leader and, according to experts, it will continue to be in 2019.
In addition, analysts consider that the negative trend the first cryptocurrency has been exposed to was attributable to the absence of a regulatory system in most countries. However, in 2019, the situation is expected to change for the better.
Binance Coin (BNB)
Experts predict growth in Binance cryptocurrency exchange token’s value. Compared with other tokens, Binance Coin has high liquidity, which distinguishes it advantageously from other digital currencies.
In addition, Binance has recently launched its own test blockchain network called Binance Chain. If the pilot project demonstrates positive results, BNB will be transferred to it.
Analysts believe that Ripple will grow in 2019, as many financial companies, including large ones, are interested in the coin. To date, 100 institutions have already been working in partnership with the Ripple. In addition, the developers claim that the system will be able to process about 50 thousand transactions per second (TPS) after its updating.
Ethereum has also joined the list of the most promising cryptocurrencies. Experts predict that investing in ETH in 2019 can bring considerable income. Despite the long bearish trend, the developers have significantly improved the coin. There are several prerequisites for growth, including an increase in the number of smart contracts offering security, accuracy, scalability and transparency.
Litecoin was originally developed as an alternative to the first cryptocurrency – Bitcoin. According to experts, the Litecoin’s full potential has not yet been assessed so far. In addition, it has demonstrated a 22% increase in the past month.