CRYPTOCURRENCIES such spil Bitcoin, Ripple and Ethereum are all te the green today after a veelbewogen commence to the year. But could all three top tokens terugwedstrijd to their previous record highs? Here are the latest price predictions.
Bitcoin had a good weekend after a poor begin to 2018, ripping off to under $6,000 at the embark of February.
Spil of February 20, CoinDesk&rsquo,s Bitcoin Price Index (BPI) highlights a peak up to $11,279.Legitimate (£,8,068.54) at the time of writing – the very first time the currency has violated through the $11,000 mark since January 29.
Ethereum is up at $949.Nineteen with Ripple up 0.73 procent at $1.15. While LiteCoin Specie, a Litecoin fork that occurred on Sunday night, is presently worth $7.33 at the time of print (a rise of some 141 procent).
The total market cap for all cryptocurrencies stands at $484,989,000,000.
The rises come after a hurting month for cryptocurrencies spil a entire. After peaking at about $834billion on January 7, the market plunged an eye-watering 66 procent, wiping out some $553billion, according to CoinMarketCap.
But with Bitcoin, Ripple and Ethereum all back te the green today, many crypto experts are certain that the market can reach fresh heights this year.
Could Ripple, Bitcoin and Ethereum terugwedstrijd to previous high?
Thomas Glucksmann of GateCoin told CNBC: &ldquo,Enhancing regulatory recognition of cryptocurrency exchanges, the entrance of institutional capital and major technology developments will contribute to the market’s rebound and thrust cryptocurrency prices to all fresh highs this year.&rdquo,
He added bitcoin, the fattest and best-known cryptocurrency, could be &ldquo,pushing $50,000 by December&rdquo,.
Jamie Burke, CEO at Outlier Ventures, is bullish about the cryptocurrency market, insisting it has the potential to reach $1trillion.
He told CNBC: &ldquo,Wij believe after February the market will likely go on a bull run comparative if not greater than last year potentially reaching the trillion-dollar mark before a decent crypto winter sets te where the market becomes more focused on zindelijk market fundamentals.&rdquo,
Cryptocurrency price prediction: Bitcoin, ripple and ethereum could all soar
Bitcoin price prediction: Bitcoin broke the $11,000 mark today
Bitcoin price: Bitcoin plunged earlier this year
Bitcoin could be &ldquo,pushing $50,000 by December&rdquo,
Thomas Glucksmann of GateCoin
And Panos Mourdoukoutas, writing for Forbes, suggested that after &ldquo, being ter a deep correction for a few weeks, Bitcoin, Ethereum, Ripple, and Litecoin have bot coming back nicely overheen the last week, gaining Nineteen.87%, Ten.48%, 30.57%, and 53.90% respectively&rdquo,.
He added the crypto turnaround after the latest crash comes spil equity markets rebounded from the sell-off early te the month.
And he also wrote the cryptocurrency &ldquo,technicals&rdquo, remain strong, telling &ldquo,83 cryptocurrencies [are] advancing and only 17 declining among the top 100 listed currencies.&rdquo,
Dennis den Welp, managing director of UFX, says he believes cryptocurrencies remain strong and will not plummet for good ter 2018.