The prices of major cryptocurrencies have languished in the same range over the past few months. But a new survey says this trend is about to change, especially for a cryptocurrency you might not expect.
The monthly analysis by finder.com featured 10 panelists making predictions on 13 coins including the top 10 currencies by market capitalization, plus the three coins with the highest social volume on Aug. 15, as reported by solume.io, which tracks mentions of coins on Reddit and Twitter.
For the November survey, the panel predicted that by Dec. 1, verge (VRG) will experience the greatest price growth, at 76 percent. Currently, Verge is priced at 1 cent, according to CoinMarketCap, which provides data to ThirtyK.
As for some of the better-known coins, the panel predicts that by Dec. 1 ether (ETH) will spike 32 percent, bitcoin (BTC) by 29 percent and ripple (XRP) by 28 percent, respectively. Stellar (XLM) will increase in price by 25 percent.
Other cryptocurrencies in the survey will show more moderate gains or a slight loss. One of those on the losing side this month is tron (TRX), which is expected to drop in value by 10 percent, even though the panel sees 80 percent growth ahead during 2019.
In addition, the panel predicted XRP, currently at 55 cents, would grow 327 percent by the end of 2019 while ether would rise by 211 percent, EOS (EOS) by 189 percent and bitcoin by 164 percent. If the prediction for bitcoin holds true, a coin, currently worth close to $6,500, would be worth nearly $17,000.
Twelve-year-old finder.com provides information to help consumers make better purchasing and investment decisions. The company’s U.K. CEO, Jon Ostler, said in a press release some panelists believe “external forces could shift the market greatly over the next month,” which makes it “difficult to predict exactly what will happen.”
Those “external forces,” he said, include the U.S. Securities and Exchange Commission possibly approving a bitcoin ETF and the Commodity Futures Trading Commission giving final approval to cryptocurrency exchange Bakkt’s license to operate.