Price Analysis for Bitcoin Cash, IOTA and Litecoin - 2018 Price Prediction
2017 is without a doubt the year of Bitcoin and currently it is the most valued and demanded cryptocurrency of the market with a current price of $ 16125 dollars according to CoinMarketCap.
Thanks to its growing popularity, many people have been interested in investing in the crypto market bringing huge profits for all cryptocurrency users that have invested early in 2017. Few people imagined that Bitcoin would become such a phenomenon and the price value could rise up to 20 times.
However, the high demand for this cryptocurrency caused the transaction processing time to be quite long and transactions fees went really high. For this reason, in August of this year, Bitcoin Cash (BCH) arrived as a hard fork to solve this problem.
Bitcoin Cash today - Price Analysis
On August 1, Bitcoin Cash appears with a market value of $ 234.69 dollars. Since then, it has been rising progressively, having a current price of about $ 3000 dollars, according to CoinMarketCap. As well as a market cap of $50,382,565,910 and a trade volume of $$1,484,740,000 in the last 24 hours.
According to the experts Bitcoin Cash was expected to reach $ 2000 this year, something that did happen.
Now, if it manages to overcome the $ 3200 barrier, it is possible to reach the next resistance level at $ 3650 dollars. On the other hand, if a decrease occurs and the cryptocurrency falls at a price of 2300 dollars, it is very likely that another strong decline will occur somewhere around 1600 dollars.
How to get Bitcoin Cash?
All Bitcoin users automatically obtained Bitcoin Cash if they stored their Bitcoin in a local wallet and already various exchange houses such as Coinbase, have already announced their plans to fully support Bitcoin Cash.
Is it time to invest in IOTA? Price Analysis
Launched in 2015, IOTA is a cryptocurrency that has captured the attention of many users. Since its appearance in the market, it has had many achievements. For example, the creation of collaboration groups with Volkswagen to develop automotive technology.
In June of this year, the IOTA was stable with a market value of $ 0.53 and now is having a current market value of $ 3.78 dollars. Also, its market Cap is $ 10,519,799,443, and it has a trade volume of $ 177,505,000 in the last 24 hours, according to CoinMarketCap.
The cryptocurrency is expected to continue rising up to $ 5.59 dollars. However, it is expected that after this rise, there will be a price drop again and that can be another good opportunity for investors to jump in.
Is it beneficial to invest in IOTA?
The popularity of the crypto market continues to grow, which in the end turns into a higher demand for cryptocurrency. In this sense, the IOTA has been a very promising cryptocurrency, due to its unique characteristics.
The fact that it does not work on a blockchain, but a system known as Directed Acyclic Graph, which, has been of special interest to investors. Some market gurus suggest that now is the perfect time to invest in IOTA.
Litecoin price analysis and promises for 2018
Since 2009, the cryptocurrency market have been gaining more and more followers, slowly but gradually. However, 2017 has been one of the best years in the industry, since, thanks to the exponential increase in Bitcoin prices, the crypto market and all the other cryptocurrencies have taken advantage of. In this sense, the Litecoin (LTC) has been one of the most benefited crypto coins.
Litecoin is the first cryptocurrency based on the Scrypt algorithm and this makes it possible to mine Litecoin without using complex equipment, as in the case of Bitcoin. However, the Litecoin, in its technical aspects is almost identical to Bitcoin. For this reason, it has been considered a cheaper and faster alternative to Bitcoin.
In this way, in 2017, Litecoin has managed to position itself as one of the strongest cryptocurrency in the market.
Starting the year with a market value of $ 4.51 dollars, it has had an important growth, currently standing at a price of $ 285.05 dollars, according to CoinMarketCap.
In the month of December, cryptocurrency had a marked decrease below $ 240 dollars. However, he was able to recover quickly and even surpass this mark. Currently, the cryptocurrency remains in a stable range, around the $300 landmark.
Although, if the Litecoin (LTC) manages to exceed the $ 300 break point, it is expected that this range will change to a higher limit and even pass $500 by the end of 2018.
However, some experts believe that the Litecoin is more likely to fall to $ 250 dollars.
On the other hand, it should be remembered that the crypto market is quite volatile, so nothing is assured, so we must remain attentive to the changes that occur.