A new year means more speculative predictions. Many predictions last year didn’t envisage the enormous bear market that characterized the year, with dropping more than 80 percent. Weiss Ratings has published its outlook for and other in 2019.
Increased Adoption and New ATH for bitcoin
According to Weiss Ratings, 2019 will herald for . The international rating agency expects more people to consider the top-ranked as a of value. The expected result is firmly establishing its status as digital gold.
The forecast report also suggested that price 00 could reach a new all-time high (ATH) in 2019. This prediction comes from the apparent cyclical nature of price action with major bear market declines followed by new ATH.
Back in December, Bitcoinist on the call by Weiss Ratings that prices reached a low enough level for investors to load up on .
2019: Year of the XRP Flippening?
Weiss Ratings also predicts a significant year for XRP 00 especially in its pursuit of cornering the global payment ecosystem. While identifying the progress made by XRP and , the rating agency highlighted XRP as having the potential to compete with SWIFT.
spent most of 2018 extending its network of applications related to the banking sector, inking partnerships along with way.
For Weiss Ratings, XRP could on the back of increased utility from its perch at the top of the market capitalization chart. For a brief period in 2018, as the second largest by market capitalization.
This forecast represents a shift for Weiss Ratings given that in 2018, the agency said 50 percent of its market share to . Indeed, most of the talk about the “flippening” has almost always been about upstaging . However, the arena seems to have negatively impacted such a possibility.
Mixed Bag for Altcoins in 2019
As far as the rest of the market goes, Weiss Ratings predicts a mixed bag of fortune with some rising to prominence and others fade into obscurity. The rating agency says “-like” coins like Cash and are destined to fail due to the absence of innovative use-cases for such .
On the other hand, projects like and will usher in a paradigm shift in Internet technology, giving birth to Web 3.0. Also, Weiss envisages a shakeup in the top ten rankings with new entrants such as Holochain and Hedera Hashgraph.
Do you agree with the predictions mentioned above? What are your forecasts for the new year? Let us know your thoughts in the comments below.
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Published at Sat, 05 Jan 2019 21:09:53 +0000
