The sentiment around cryptocurrency investing is horrendous, and we like this a lot. Let’s be clear here: we only like this if fundamentals are good. We can tell readers that cryptocurrency and blockchain investing has tremendous fundamentals, although only for a small minority of cryptocurrency projects and blockchain stocks. The ones that will survive the ongoing ‘catharsis’ will do extremely well, we are as convinced as we can about this. This article features InvestingHaven’s 5 must-read cryptocurrency predictions for 2019, which make the point why we are super-bullish on crypto and blockchain investing.
In this article we really go beyond our Ripple price forecast 2019 and Bitcoin price forecast 2019. It is the fundamental picture of the cryptocurrency market we will paint, beyond chart analysis.
This fundamental picture of the crypto and blockchain market sets the stage, according to us, for the next wave in this sector. It may take another 6, 12 or even 18 months before this will translate into higher prices of cryptocurrencies and blockchain stocks, but that’s fine. Fundamentals and prices do not align most often, there is mostly a delay on higher or lower prices.
Based on these 5 must-read cryptocurrency predictions which we expect to materialize in 2019 readers will understand the point we make above.
Cryptocurrency predictions for 2019: Institutional money will be the catalyst
We see lots of signals that 2019 will be THE year in which institutional money finally will enter the cryptocurrency market. This is one of the cryptocurrency predictions for 2019 that will be a game changer for the crypto market, without any doubt.
There are lots of signals that 2019 will be THE year in which institutional money finally will enter the #cryptocurrency market. This is one of the cryptocurrency predictions for 2019 that will be a game changer for… CLICK TO TWEET
Many months ago we predicted this was about to happen, and we wrote it to our premium crypto subscribers. Now we start seeing the facts. Not only will we see Cryptocurrencies On The Nasdaq In 2019, which is an existing though huge trading platform, there are even brand new initiaves coming online.
To illustrate our point this week Fortune revelead something very important. Bakkt, a cryptocurrency investment platform for institutional money which will launch in November after SEC approval clearly sees a “war for institutional money waiting to investing in cryptocurrencies.” These are big statements, and they provide much more color and detail. Read the following 3 quotes from the article.
White says that the recent market trends give the false impression that investor interest in cryptocurrencies is waning, when in fact institutions are hungrier than ever. Since last December, Bitcoin’s price has dropped from $19,000 to $6,200, and the total market value of all digital currencies has shrunk by 70% to roughly $200 billion. “Far too often the public looks at price and market size to determine the progress in digital currencies,” says White.
“Cryptocurrency markets go their own way, we see bull and bear markets,” he says. “But what matters is that the number of daily transactions for all cryptocurrencies is up year over year. And we’re also seeing the introduction of new protocols from open source software developers that make cryptocurrencies far easier to use.”
For White, it was clear that Wall Street was ready to package digital assets for the masses––especially since cryptocurrencies strongly appealed to millennials. “In 2017, I saw a big shift,” he says. “The interest in Bitcoin and other currencies started changing from retail to the institutional side. But the level of infrastructure of the existing trading sites often didn’t meet their expectations. That’s why they’re waiting on the sidelines.” The big banks, says White, needed exchanges that provided the safety equivalent to what they enjoyed in trading equities, bonds or gold.
InvestingHaven’s research team wrote a detailed alert to its premium crypto subscribers with many more cases, as well as actionable tips on how to get the maximum out of this new trend.
not n sum, it is stating the obvious that institutional money will be the catalyst for a resumption of cryptos grand bull market!
Cryptocurrency predictions for 2019: Bitcoin’s upside capped
We continue to feel strong about Bitcoin being the leading indicator for cryptocurrencies. It should be used to determine the trend: up, down, neutral. This is one of the more actionable cryptocurrency predictions for 2019.
However, Bitcoin is not likely the cryptocurrency that will deliver 10-fold returns similar to the previous 7 years.
The underlying reason is that Bitcoin futures will cap the upside potential because, for the first time since Bitcoin’s inception, there is two-sided trading in the Bitcoin market.
That’s why we said in our Bitcoin forecast that we believe that it is very realistic to expect $25,000 as a realistic upside target, assuming the crypto crash is over. Previous all-time highs will be taken out, but we believe Bitcoin will trade within its ‘bullish band’, not higher.
Cryptocurrency predictions for 2019: Ripple becomes the new Bitcoin
As per our article published on Medium ‘Why Bitcoin futures will fuel Ripple’s XRP token‘ we detailed why we believe that Ripple is the new Bitcoin. It certainly qualifies as one of our top cryptocurrency predictions for 2019 and even beyond!
Here is the key point: If you were an institution with millions of investment dollars, as per the first of our cryptocurrency predictions outlined above, which cryptocurrencies would you choose? Obviously you would apply the ‘low risk high reward’ principle, right?
Out of the 10 cryptocurrencies with the largest market cap we concluded the following:
For institutional investors the highest level of confidence will probably be for Ripple and its XRP token, followed by Bitcoin, Ethereum and Stellar Lumens.
If, and that’s a big IF, all assumptions we made in our Ripple forecast for 2019 will materialize (institutional money flowing primarily to Ripple’s XRP token, Ripple’s tech solutions converging and using XRP, Ripple’s continued growth without chasing revenue to reach network effects) we see Ripple hitting twice the higher side of this channel in the next few years.
As a base case forecast we see one touch to the upper side of Ripple’s long term rising channel with a price forecast of $20. So we are confident that our Ripple price forecast of $20 for 2019 will be hit, and consider this the base case scenario.
Cryptocurrency predictions for 2019: only added value cryptos will do well
If there is one thing that the cryptocurrency crash in 2018 succeeded to do very well is to clean up the sector. In plain simple terms: create a catharsis. It certainly will benefit the really added value crypto projects in 2019.
The recent sell off in crypto prices resulted in many crypto projects going bust. Many have revealed their real face: scams.
As said many times 90% of cryptocurrencies will die. It seems that we are already at 50% right now: out of the 2000 cryptocurrencies almost 1000 are found to be dead and/or scam. You can find the full list here on https://deadcoins.com/. Obviously none of InvestingHaven’s top 10 cryptocurrencies appears on this list.
The cryptocurrencies that really deliver value are here to stay. They will continue to grow, and deliver more value.
We strongly believe that only the cryptocurrencies that deliver real added value will do very well starting in 2019, and do extremely well in the 2020-2022 period. Yes we are talking 100-baggers similar to last December.
It may be hard to believe but this is one of the cryptocurrency predictions that we are most confident about.
Cryptocurrency predictions for 2019: Blockchain implementations accelerate
It appeared this year that blockchain spending by companies goes slower than expected. That’s why blockchain stocks are not doing very well.
However, that’s about to change in 2019. PricewaterhouseCoopers (PwC) works with many of the largest businesses in the world. It recently reported that many of its customers are spending BIG money on blockchain initiatives, and that blockchain spending should only keep growing.
According to PwC, the demand for services related to blockchain advisory is as high as $1.7 billion just this year!
This is a quote from PWC research as summarized (source):
On an individual basis, most firms have spent less $500,000 on blockchain. However, a good 11% of the survey’s respondents have spent more than $10 million.
Why is blockchain a budget item that isn’t going away anytime soon? That’s because this technology “reduces errors and streamlines operations because everyone is looking at the same numbers,” said Richard Johnson of Greenwich Associates.
With that kind of speed and accuracy, more companies are going to be allocating even bigger bucks to blockchain in the next few years. International Data Corporation expects annual blockchain spending to reach almost $12 billion by 2022.
And the following chart makes the point.
In sum these 5 cryptocurrency predictions for 2019 make the point that this sector is just warming up, not ending any bull market. For crypto investors this is of course crucial information to determine which positions to take, entry points as well as a decent exit plan.
InvestingHaven is proud to be the editor of the First Blockchain & Crypto Investing Service In The World. It publishes at least 2 alerts per week, has dozens of crypto and blockchain charts of its most favorite stocks and cryptocurrencies, helps with an exit plan for crypto investors. Moreover, it continues to scan the market for new opportunities, and shares them if and once they arise. You too can become a member now.
** January 6th, 2019: Updated cryptocurrency charts **
It was a rough ride at end of the previous year, for all global markets including cryptocurrencies.
That’s why it is worth revising the 2 cryptocurrency charts in this article which was originally written 3 months ago!
The first chart is the chart of Bitcoin as 2019 kicks off. What happened since we originally published this article is that Bitcoin fell through its rising channel. This is not the most bullish development, admittedly. But the whole point is that this is part of the corrective cycle in the context of the 2nd bull market with subsequent bear market. Exactly the same happened during the first bear market.
People are doubting whether the crypto bull market will ever resume. We make the point that the next crypto bull market will be there the latest by 2020. The answer to this question is easily derived from below chart which maps fundamental analysis with chart analysis as per our proprietary method of our blockchain investing research service (this chart is a sneak preview of our service).
The second chart is an up-to-date chart of Ripple’s XRP price. As 2019 kicks off XRP has also fallen through its long term rising channel. There are couple of evolution on this chart which make it still very bullish. First, it has held up strongly, and, as one of the few charts in the crypto space, has set a higher low at the end of last year. Second, it is trading above the highs of 2017, above a horizontal band which is a characteristic of XRP (similar to 2015 and 2016).