Technology

Cardano Will Be Third Largest Cryptocurrency By End Of Year: Finder.com

Personal finance comparison website Finder.com’s inaugural monthly Cryptocurrency Predictions Survey has just launched. This month, they asked 4 fintech leaders to provide their predictions on how the top 8 trending cryptocurrencies will perform in 201, with Cardano ADA coming out of nowhere to claim the number three spot on the list.

Out of the 8 coins, their panelists predict that Cardano (ADA) will see the greatest price increase this year (+8,623.99% on average), followed by Stellar Lumens (XLM) (+1,269.93%). Verge (XVG) is the only coin out of all 8 whose price is expected to drop by the end of the year (-37.99%).

 Cardano ADA

The panelists also expect bitcoin (BTC) to remain the highest value out of the 8 coins, averaging a predicted US$33,000 by the end of 2018, and also the largest market cap of US$597.95 billion by year’s end – a whopping 137.48% increase!

Ripple (XRP) is predicted to have the second-greatest market cap at $460.00 billion by December 31, 2018, while Cardano (ADA) is expected to hit $372.30 billion.

As for the biggest change, Stellar Lumens’ (XLM) market cap is expected to increase the most by the end of the year – an incredible 1,749.80%, moving from its current $9.90 billion to $183.15 billion. Expectations for Verge (XVG) are the lowest, with an forecast 40.71% decrease in market cap.

Key data points:

  • Finder.com launches new Cryptocurrency Predictions Survey, eight coins forecast

  • Cardano to see greatest spike in price in 2018 – up 8,624%

  • Bitcoin forecast to hit $33,000 by December 31, 2018

The site notes:

Cardano’s price, as of January 3, 2018, sits at US$0.78 per unit. Cardano is expected to see an 8,623.99% increase in price over the coming year, the highest of all 8 coins in this survey. Schebesta predicts it will be worth the highest at US$200 by the end of the year, while Daniel has the lowest prediction, at US$1.50.

Market cap for Cardano has mixed predictions, with the lowest at US$38.89 billion by December 31, 2018, by Daniel, and the highest at US$1 trillion by Schebesta.

The full details of the survey, complete with comments from the panelists, can be found here: finder.com/cryptocurrency-predictions