Media Release

finder’s August 2018 Cryptocurrency Predictions Report

  • finder.com.au releases August Cryptocurrency Predictions Survey, 13 coins forecast
  • DigiByte (DGB) forecast to jump 132% by end of the year
  • Bitcoin (BTC) predicted to hit $19,605 (AUD) by 31 December 2018

Tuesday 14th August, 2018
Good morning,

I thought you might be interested in our August Cryptocurrency Predictions Report, which has just been released.

This month, 9 fintech leaders have provided their predictions on how the top 10 by market cap* and top 3 trending cryptocurrencies will perform in 2018.

Out of the 13 coins, our panellists predict that DigiByte (DGB) will experience the greatest growth by 31 December 2018 (132%). DGB’s price was $0.041 per unit on 29 July 2018, and is forecast to reach $0.13 by the year’s end.

EOS (EOS) is expected to have the second-greatest positive price growth by 31 December (131%), followed by IOTA (MIOTA) (123%).

Bitcoin (BTC) is predicted to hit $19,605 by the end of the year, slightly less optimistic than our panel’s July prediction of $21,228. This is again half of what the panellists predicted in January, at $45,278.

TRON (TRX) is expected to see the smallest growth by the end of the year at only 27%. This is the first month our panellists have predicted TRON to see the smallest end-of-year growth, after our panelists gave optimistic predictions in July for an increase of 342% by end of 2018.

As for short-term forecasts to 1 September 2018, DigiByte (DGB) and Dogecoin (DOGE) are expected to increase the most (42% and 36% respectively). The smallest increase comes from TRON at only 2%.

Comparing the forecast market capitalizations for bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH) – the only 3 of the 13 coins with reported number of coins available – Ethereum (ETH) is predicted to see the highest growth by the end of the year (101%). This is followed by bitcoin (BTC) with a 77% increase, and Bitcoin Cash (BCH), with an increase of 17%.

The full details of the report, including comments from the panellists and methodology, can be found here: https://www.finder.com.au/cryptocurrency-predictions.

Please get in touch if you have any questions.

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 10:10am AEST Monday 13th August, 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.

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