Price predictions for some of the top cryptocurrencies in the market for July 2018
The overall cryptocurrency market trend is all set to improve by the end of this year. There are also a number of speculations about Bitcoin price reaching up to the $10,000 levels along with supporting facts and figures. Anyhow this data may not be useful for the short, day traders as they require the information about the market conditions on a smaller scale. Lets see what the trends can be for July 2018.
Let’s understand the market conditions of a number of cryptocurrencies for July 2018:
This is the most dominant cryptocurrency in the market. However, the trades that are being carried out for Bitcoin are reddish in nature. The market has fallen by almost 10% of its gains. This may probably be due to the market situations due to the news in cryptocurrency market about the activities happening in Asia. The business improvement order issued by Japan’s Financial Services Agency has forced a number of cryptocurrency exchanges of Japan to suspend registrations until then. The main intention behind this business order is to increase the security to the investors. Hence the market price of Bitcoin in the following month is estimated to fall.
The market conditions for Ethereum has not been that well enough since the beginning of 2018 but the experts believe that the cryptocurrency will experience a bullish trend and the market price might reach up to $800 prior to July 1st, 2018. Craig Cobb, strongly believe that the ethereum price will touch the $800 mark buy 1st July and also is of the firm opinion that market price will touch $1,300 level by the end of the year.
This cryptocurrency is regarded as one of the largest one with respect to the market capitalization. This is the precise reason why many of the Crypto experts believe that investing in ripple is a safe option. The value of the cryptocurrency price increased by almost 28,000% in the year 2017. The market has been bearish since last week. With the current price being $0.48 some of the financial experts believe that Ripple might touch the $2 mark very soon.
Currently the cryptocurrency is found to be traded at $745.84. This cryptocurrency is the best choice if an investor is looking for a good returns. On a long run within this year Bitcoin cash is expected to cross $1000 mark. However predicting its price for the next month, it can be concluded that due to the market trends, the cryptocurrency price is expected to fall.
Although the price of Litecoin had fallen by almost 50% since the beginning of 2018, the litecoin investors can still be very optimistic and can Hodl. Craig Cobb, one of the prominent figures in the cryptocurrency industry estimates that the price of litecoin might reach up to 150 dollars by 1st July. Currently, the currency is trading at almost $80. Few of the other financial experts also believe that the price might touch the $130 level by the end of this month.
Since it’s initiation in September 2017 the cryptocurrency has risen by 1500%. A rise in the market can be expected in the following month since the development team behind the project are highly skilled. It is specially designed to provide systems for cryptocurrencies which are sustainable. However, the year-end limit is set to $2.0. Currently, the price is hovering around $0.135071.
All these predictions are not perfect and hence one must understand that the market fluctuations are subjected to market risks. Any investments done in any of the cryptocurrencies must be backed up by strong facts and figures. One must be ready to invest only the amount of capital one is capable of losing. The cryptocurrency market is very lucrative due to its volatile nature.
In this very unpredictable cryptocurrency market, all the predictions made above can be nullified due to any form of hack or scams that may occur. One must also take care about the opinions of the financial experts in the field as they are one of the key people in the movement of prices of various cryptocurrencies.
