Gb Obasogie put up a $50,000 price forecast for Bitcoin in his cryptocurrency forecast and reviews for 2018.
In the light of the January price upheavals, it might have looked like this forecast was already upending! However, you need to appreciate that for a market analyst who has followed the progress of the wonder coin over the last year, this forecast looks feasible.
When skeptics felt that Bitcoin and other cryptos will tank by December 2018, Gb Obasogie looked the other way and even made a $4,200 price forecast. This was overshot 3x over when the price of Bitcoin reached the $20,000 mark before the year-end.
The underlying optimism for the soaring of prices for cryptos can be traced to the fact that most of the top performers are tangibly tied to an underlying asset value.
Ripple excels as a money transfer faciliatator
TRON does it for gaming and online bets
IOTA facilitates the Internet of Things economy
EOS opens the door for a Blockchain OS
Most of these cryptos therefore have something worthwhile that the finder of value will be attracted to at all times. Whether the EU, Asian or American governments decide to moderate the trades or not, cryptos are here to stay.
See vital links here:
Gb Obasogie's 2018 Bitcoin Forecast
http://www.financeminutes.com/the-ten-best-performing-cryptocurrencies-right-now/
Twitter Updates
https://twitter.com/gbaobasogie