In less than two months, we will enter a time which is likely to last long in the history of the internet. In this time, more than half of the world’s population will be able to afford their very own cryptocurrency such as Bitcoin and Ethereum.
However, the most challenging part of the upcoming cryptocurrency market capitalization in the forecast of 2020 is to understand not just the technical patterns such as global awareness and integration of mechanisms but to allow trillion dollars of money to flow in the cryptocurrency markets as institutional money.
However, it is hard to make predictions for cryptocurrency especially by noticing a downfall of it in the year 2018 but the year 2020 definitely seems to be the year of cryptocurrency. It is predicted that we will see a staggering growth of cryptocurrency in the year 2020, not only in the price but also in the prices and market caps of most of the digital crypto assets.
Where Cryptocurrency Stands Today?
On December 17, 2017, the price of cryptocurrency reached a whopping $19,783.06, followed by hype-driven parabolic and long media cryptocurrency trends.
Currently, thousands of investors and marketers have flooded the crypto market for amazing daily profits.
Some of the Signs that 2020 Could See New All-Time Highs of Cryptocurrency Market Capitalization
Since the downward cryptocurrency trend in 2018 and its strong recovery in the year 2019, the cryptocurrency’s trade volume and cryptocurrency trends have dwarfed as compared to the trade volume in the year 2017.
The most significant sign through which we can predict the huge growth in trading volume in cryptocurrency macrocosm is the growth of individual macrocosms in which many cryptocurrency traders meet.
For instance, a leading trading platform that operates between digital assets and cryptocurrency is PrimeXBT. It is one of the largest trading platforms and has reported huge growth in the overall cryptocurrency trading volume.
This platform provides a collection of diverse features including more than 35 commodities and assets which allow the users to trade between traditional digital assets and cryptocurrency.
In a similar manner, many other cryptocurrency platforms are acquiring a huge amount of growth in overall trading volume. This is large because trading websites are providing traders with amazing features to generate revenue with cryptocurrency in crypto markets.
If you are interested in crypto, it is recommended to keep track of all related cryptocurrency projects, mining software, and predications to stay in the long run. Here are some predictions by the people who have closely studied cryptocurrency and the trading volume in crypto markets.
1. John McAfee- $500,000
John McAfee is the founder and CEO of McAfee associates. John got involved in cryptocurrency soon after selling his antivirus software as according to him and his predictions about the ever-changing cryptocurrency trends, it will become a standard of trade for the world and cryptocurrency market capitalization will be common.
He predicts that the price of the cryptocurrency will reach a whopping $500,000 by the year 2020. Moreover, he said that in the time frame, it can reach a whopping $2.6 million too.
2. Tom Lee – $91,000
Tom Lee is the co-founder of Fundstrat Global Advisors and he is also known as the bull of cryptocurrency. He has recently given a prediction that the starting price of the cryptocurrency will reach to $91,000 in March 2020.
3. Ronnie Moas- $50,000
Ronnie Moas is the CEO and founder of Standpoint Research. He has predicted from his projects that cryptocurrency will reach a whopping $50,000 in the year 2020. And in the next 10 years, it will reach $2 trillion.
Cryptocurrency Forecast 2020 – A Summary
The nature of the cryptocurrency market capitalization is the reason why its growth becomes suppressed every now and then. Although cryptocurrency offers great ROI rates, many traders are still unsure about stepping in and investing in the crypto markets due to unregulated territory.
Due to the launch of regulated federal trading platforms, several big investors will step in with huge investments to start gaining daily profits and revenue.
Which Cryptocurrency Should You Invest In?
Here are ten popular cryptocurrencies mentioned in almost every cryptocurrency forecast for 2020. If you are looking for a cryptocurrency to invest in, here are some options:
- Stellar Lumens
Learn more about the top 5 cryptocurrency trading tools to get your side business started here.
Some events such as crypto implementation across the globe can contribute to the rising of cryptocurrency value. Despite the rumors, cryptocurrency is expected to set new all-time heights in the year 2020. Therefore, if you are investing in cryptocurrency in 2020, you can expect a profit on your investment by up to 200%.