Site Team

1 month ago

If you wonder how the end of 2019 would be for Bitcoin (BTC) and other cryptos, William Mougayar, a renowned crypto analyst and influencer, has the answer. He made several year-end price predictions for Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), and other major altcoins.

Bitcoin (BTC) And Major Altcoins Price Predictions For The End Of 2019

According to William Mougayar, Ethereum (ETH) will have the most significant surge in its price against the USD, followed by Bitcoin (BTC). His prediction regarding the BTC is in line with what other analysts believe.

William Mougayar, who, in 2016, launched “The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology” book, posted his predictions on Twitter, as follows:

“End of year predictions:

  • ETH @ $1,000
  • BTC @ $25,000
  • ETC @ $50
  • ATOM @ $20
  • BNB @ $50
  • DOT @ $250
  • EOS @ $7
  • KIN @ $.0001
  • STX @ $1.50 (Stacks)
  • XTZ @$2
  • STEEM @ $.50″

He added that the total crypto market cap would reach $750 billion, with the BTC dominance ending at 55%. The ETH dominance would settle at 15%, while the top 20 cryptos dominance at 95%.

William Mougayar Trusts Blockchains With Prioritized Decentralization

William Mougayar did not reveal his price predictions for XRP (XRP) because, as he put it, he has no insights on this digital asset. Mougayar stated that he prefers blockchains with prioritized decentralization instead of those with swift transactional outputs.

“Those blockchains that have prioritized fast transactional outputs have done it at the expense of network decentralization. They may not be rewarded as much as those pursuing security and decentralization first; scalability and speed second,” William Mougayar said.

“I’m bullish on governance-related applications where the underlying blockchain is a platform that is not like a database, not like a cloud, but rather an openly decentralized network that is trusted to enforce relationship logic, transactions, and mediation between parties,” he added.

At the moment, Bitcoin (BTC) trades at $10,066, decreasing by 1.24% over the last 24 hours. Ethereum (ETH) settles at $216.86 losing about 0.9% on the last day.

People Mentioned

Justin Sun

Founder of TRON (TRX)

Coins Mentioned

Justin Sun

Founder of TRON (TRX)

Companies Mentioned

Justin Sun

Founder of TRON (TRX)

Justin Sun

Founder of TRON (TRX)

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