Media Release

Cryptocurrency Predictions: Cardano forecast to see a 597% price growth by end of year

  • Cardano (ADA) is forecast to see the greatest growth in price by end of year at 597%
  • Bitcoin (BTC) predicted to hit AUD$30,925 by 31 December 2018
  • Ripple (XRP) the only coin expected to drop in price by 31 December 2018

Tuesday 8th May, 2018

Good morning,

The results from our May 2018 Cryptocurrency Predictions Survey have been released, so I wanted to share the key results below.

The survey asked participants how different currencies will perform throughout 2018, including the top 10 cryptocurrencies by market cap, and two additional trending coins.

Out of the 12 coins, finder.com.au’s nine panellists predict that Cardano (ADA) will experience the greatest percentage growth by the end of the year at 597%. ADA’s price was $0.36 per unit on 26 April 2018 and is forecast to reach $2.52 once the year closes out.

Bitcoin Cash (BCH) is the coin expected to see the second greatest increase in growth by 31 December 2018 at 174%, followed by Bitcoin (BTC) at 163%.

Ripple (XRP) is the only coin predicted to decrease by the end of the year, going down 15% to a price per unit of $0.91. By 1 June 2018, EOS (EOS) is the only coin forecast to decrease from its present price, dropping 11%, although is expected to bounce back up by 106% by end of year.

Comparing the forecast market capitalizations* for Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH) – the only three of the 12 coins with reported number of coins available – Bitcoin Cash (BCH) is predicted to see the highest growth by the end of the year (181%). This is only slightly above bitcoin (BTC) with a 170% forecast increase.

The full details of the survey, complete with comments from the panelists, can be found here: https://www.finder.com.au/cryptocurrency/crypto-research/cryptocurrency-predictions

Please get in touch if you have any queries.

Kind regards,
Natasha McNamara

PR Manager | Money
natasha.mcnamara@finder.com
+61 413 492 594

*Market cap was calculated by using the number of coins expected to be in circulation by the end of the year and the panelists’ forecasts of each coin’s value by the end of the year.

All figures are represented in AUD, correct as at 11:30am AEST Monday 7th May, 2018.

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Disclaimer

The information in this release is accurate as of the date published, but rates, fees and other product features may have changed. Please see updated product information on finder.com.au's review pages for the current correct values.

About Finder

Every month 2.6 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare virtually everything from credit cards, phone plans, health insurance, travel deals and much more.

Our free service is 100% independently-owned by three Australians: Fred Schebesta, Frank Restuccia and Jeremy Cabral. Since launching in 2006, Finder has helped Aussies find what they need from 1,800+ brands across 100+ categories.

We continue to expand and launch around the globe, and now have offices in Australia, the United States, the United Kingdom, Canada, Poland and the Philippines. For further information visit www.finder.com.au.

12.6 million average unique monthly audience (June- September 2019), Nielsen Digital Panel

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