There was a time when Bitcoin was considered to be another synonym for Cryptocurrency. Ask all the beginners if you don’t agree, everybody wanted to invest in just one Cryptocurrency – Bitcoin BTC, that is. As and when time flew and blockchain firmed its position worldwide, investors started paying heed towards other Cryptocurrency as well.
As for today, one can safely say that Bitcoin is still topping all the charts when it comes to popularity, but the question is, until when?
In a recent interview, Grey Adams stated that seeing the current situation of the financial market he doesn’t assume Bitcoin to be dead. Instead, he believes that bitcoin is not just a financial bubble and in the present year of 2018, cryptocurrency world will visualize the market dominance by bitcoin over other cryptocurrencies.
Cryptocurrency is never considered a steady market and is certainly prone to various sorts of risk. Technology, therefore, plays a vital role in every aspect when it comes to trading. It is evident, as of now, that cryptocurrency like Ethereum, ICON, and EOS are leaving behind Bitcoin in terms of security and technology which is luring various investors.
The market of exchange being fluctuating does greatly impacted by such factors. According to some of the predictions, the numbers for Ethereum could be between $2,000 and $3,000 by mid-2018. Also, these numbers could reach between $5,000 and $7,000 by the end of the year 2018.
However, Bitcoin BTC has not lost all the hopes as there are a couple of Bitcoin defenders who strongly predict something else. Olga Feldmeier, CEO of Smartvalor, predicts that Bitcoin will soon gain its lost popularity and will strike to $100,000 this year.
Current scenarios are not favoring Bitcoin, but nothing can be said for sure when it comes to Cryptocurrency. Let us see which Cryptocurrency gets favored in future.