Experts at personal finance comparison site Finder.com has revealed in its November forecast that a bull run for the top cryptocurrencies will surface just like late last year. However, the growth will not be as massive as that which saw bitcoin hit near $20,000 last December.
Finder’s panelists have drawn this month’s prediction from studying current and past crypto price movement and shared insights on what to expect from the top ten cryptocurrencies by market cap as well as the top trending coins which they said were Binance Coin, Bytecoin, and Verge.
From the release, Bitcoin is expected the overcome its current bear market and reach as high as $8200 by the start of December. By the end of next year (2019) predictions are that the average highest price from the major cryptocurrency will be $16720, two times higher than the December 1, 2018 forecast value.
Top altcoin Ethereum is another who has been on a bearish run in recent times but is predicted to rise by 32% at the start of next month. This will mean that the coin will move from the October 31st value of $197 to $261 within the next 26 days.
The predicted market value for ETH by 2019 is $615 while the total market cap at that time will be $69.8 billion, a more three-fold increase from the current $20 billion caps.
In an earlier prediction, finder’s panel had a doomsday prediction for XRP but seem to be more favorably disposed towards the altcoin in the latest price forecast because of a turnaround in the market. A 28% increase is expected from now till the end of the November which will lift the altcoin from $0.44 to $0.57.
The Market Experts forecasted a major decline for Tron (TRX) as they expect the digital asset to see a fall over the next month. Though they predicted a bright 2019 for the coin (80% growth), they believe its value will drop by 10 percent in November.
Verge Will Shoot For The Moon
What is perhaps the most bullish prediction on the list is that trending cryptocurrency, Verge will see a massive 78 percent between now and the start of December. The altcoin is currently that 41st largest crypto by market cap with a total market cap of $0.01 and a market cap of $206.8 billion.
If the prediction comes true, then XVG value by December 1, 2018, will be $0.024. This trend is expected to lower in 2019 since the panelists predict a $0.028 at the end of next year.
Other notable predictions on the list include a (211%) and (189%) increase for Ether and EOS respectively from now till the end of next year.