Cryptocurrency weekly price predictions

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Cryptocurrency Weekly Price Predictions – Litecoin (LTC), Binance Coin (BNB), DASH, IOTA (MIOTA)

Interest per week

Interest per year

The total market cap for the cryptocurrency market is holding steady above $170 billion, having dropped slightly from the year’s high at $186 billion, but still a major improvement from the $111 billion seen at the beginning of the year.

The digital king – Bitcoin – is safely trading above the key $5,000 mark and holding above support. The rest of the cryptocurrency bunch is doing relatively well, with minor pullbacks but overall in the green.

Binance Coin (BNB) Price Analysis

Binance just completed the 7th successful coin burns of 829,888 BNB (worth roughly $15.6 million). Binance’s BNB is currently trading at 19.67 against the US Dollar, with a circulating supply valued at $2,777,189,457. It is in the 7th place in CoinMarketCap rankings and may rise in the next few weeks.

The coin is up 6.42% over the last 7 days and is well supported by the latest coin burn. BNB recently underwent a bearish retracement, moving down to $16.50 from a high around $22.00 (depending on the exchange) and now it looks like the bullish movement is about to resume. The top at $22.00 could very well be reached in a day or two and from there upward trajectory is likely to continue.

Litecoin (LTC) Price Analysis

Ranked number 6 with a market cap of $4,931,680,390 Litecoin is trading slightly above $80. The token has been in the red for the last 7 days, with a loss of 8.85%, but appears to be gearing up for another push higher.

The MACD is crossed bearish which means that we may see more downside action or ranging movement in the near-term. Once the retracement is complete it’s very likely to see the bulls’ step in again and $100 will probably be tested within a week of the rally’s resumption.

Dash (DASH) Price Analysis

Dash is trading at $120.34 and is ranked number 13 according to its circulating supply, worth about $1,053,596,968. The last 7 days have been bearish with the coin losing 9.06%. Similar to Litecoin, Dash is retracing after a hefty surge which took it into $145-$150 area.

The MACD is crossed bearish but the coin has been in an uptrend, so this is most likely a buying opportunity. So as long as price remains above the 100 days Exponential Moving Average the bias is bullish for the week to come. The first resistance and target are the zone between $140 and $150 (previous top).

IOTA (MIOTA) Price Analysis

With a market cap valued at $861,865,315, IOTA is currently number 15 in CoinMarketCap rankings. It is now trading at 0.3100 against the US Dollar after a 12.14% drop over the last 7 days. IOTA’s climb this year has been much slower compared to the other top 20 cryptocurrencies.

Just recently it descended below the 100 days EMA which warns that we may see additional downside movement. Key support is located around $0.2400; as long as it remains intact there’s a chance of a rebound. Any chance of a rebound will depend partially on how the rest of the crypto market is behaving. A move above the 100 EMA will open the door for a move into $0.4000 but this may take more than a week.

Dash (DASH) Price Prediction 2020-2025

Why is Dash a promising investment? Dash is a cryptocurrency that seeks to become an alternative to real-life cash. Developers designed the crypto as a fast and easy-to-use solution for everyday transactions.

As a highly accessible coin, Dash has an almost unlimited ability to widen its user base. However, the whole crypto market is in a long-term downfall. What is the most probable future for the coin in 2020? What is our Dash price prediction? Let’s talk about it and provide some future price analysis.

Dash Advantages

Initially, Dash coin was just a security-focused Bitcoin fork. It became famous under the name of DarkCoin and was later rebranded several times. The development team had also changed the course of the coin’s construction. First Dash price predictions were based on the coin’s privacy features. Today, the currency is famous for its speed, privacy, and accessibility.

Dash coin is an old-school crypto that managed to remain relevant to this day. It is a proof of work cryptocurrency, powered by the X11 hashing algorithm. The algorithm is a combination of eleven cryptographic functions, used all at the same time. If one of the functions turns out to be vulnerable, the other ten will continue to provide security for the network. The algorithm also helps the coin to offer nearly instant transactions and overall stability for the blockchain.

The x11 mining within the Dash blockchain provides maintenance for the network. Still, it isn’t all there is to the Dash’s operating process. Miners are creating new blocks and validation transactions, but multiple important features come from the second tier of the network.

Masternodes as an Economic Incentive

The second tier consists of “masternodes”. Masternodes deposit a 1000 DASH as collateral and are interested in keeping the network stable. They also get 45% of block rewards, provided to miners. 10% of each reward comes to the network’s budget, and the other 45% remains in miners’ hands. Masternodes perform all the prominent Dash features like PrivateSend and InstantSend.

DASH’s DAO

PrivateSend and InstantSend, alongside the decentralized governance of Dash, are the primary reasons for the positivity of the Dash coin price forecast. These are business-friendly features that are also useful for individuals.

The DAO-based funding model of its development company, that Dash Core Group, Inc is also a big advantage. It ensures that the team is engaged in keeping the community happy and maintains the coin’s roadmap promises’ delivery.

More information about the Dash coin on BitcoinWiki.org

DASH Price Chart Analysis For 2020

Dash price experienced a significant decrease over the course of the previous year. This situation is almost universal in the current cryptocurrency industry. The latest market news wasn’t really bright for most coins, and the current Dash projections haven’t changed significantly.

As we previously discussed in our Bitcoin Cash price prediction and our Zcash price prediction, pretty much every crypto is in a tough situation in terms of price movement. Even the DASH price chart for 2020 looks identical to the charts of the mentioned cryptos.

So, the coin is currently acting similarly to most altcoins. The whole industry is copying the Bitcoin price graph, but only a few of them look like they can restore their position on the market. Anyway, let’s take a closer look at the Dash cost graph.

The last year’s price peak of around $1285,5 USD per coin happened on January 7, 2020. It was the second-biggest price indicator since the current record of 1,550 USD per DASH coin price reached in December 2020. Still, since then the coin was on a downfall.

The currency went through a couple of price spikes, but the overall trend is sustainably descending. If we were to use the data of 2020 to build a linear Dash coin price prediction for 2020, the graph will tell us that the Dash coin predictions are generally negative. Still, it would be a terrible oversimplification. Let go through our fundamental analysis-based Dash price analysis.

Fundamental Dash Price Analysis

Even though technical Dash price analysis shows a high probability of its poor future performance, Dash is one of the coins that can be among the biggest gainers even by 2020. The thing is, Dash managed to find its user base and knows how to work with it. For example, one of the latest news on Dash was its charity program success in Venezuela.

What a great picture. These Venezuelan kids are buying breakfast with the donations they received from the world’s first directly distributed charity program, Dash Charity.

Dash is a pretty big deal in Venezuela even outside of their charity activities. According to the DiscoverDash service, the coin is used for exchanges by over 47 business in the country’s capital, Caracas. For example, there are only around 30 in London.

This clearly shows us the most significant advantage of Dash – people use it as an alternative to fiat money. Dash helps to hide from unwise decisions of the government, to transfer money across borders and for day-to-day transactions. Its accessibility is a huge advantage when talking about the price and overall future Dash price predictions.

According to Dash crypto community opinion, the coin has a serious potential and may even reach $200-300 in 2020. This is why the current period is great for accumulation:

What do you think of the #Crypto Predictions on @BuySellHodlApp?#Bitcoin Rating = Buy
71% Say Buy, 14% Hodl, 14% Sell
2020 Prediction = $20,231, +115%

— Joko Sugiyono Joko Sugiyono Joko Sugiyono Nono 123 (@nono_joko) October 29, 2020

Also, take a look at Dash projections from TradingView:

DASH TradingView market projections. The screenshot was taken on 18/11/19

Dash Price Prediction For 2020, 2022 and 2025

The current state of the cryptocurrency market makes it especially hard to find solid grounds for making a Dash crypto price prediction. Still, mentioned advantages of the coin and its stable position at the time of writing this article makes it a little easier to develop a prediction for the coin.

Dash Price Prediction 2020

Dash prediction 2020 looks even more positive. The Dash Core Group, Inc. has taken a brilliant development direction. The team is establishing partnerships with payment systems, as well as with small and large businesses.

An easy-to-use cryptocurrency is good, but it is awesome when it’s also easy to spend. When other cryptos are mostly concerned with the network bandwidth and blockchain-based features, Dash already established a fast reliable network and works with the user experience side of the product.

So, what are Dash coin predictions 2020?

  • TradingBeasts’ Dash coin forecast is $123.80 maximum.
  • According to LongForecast.com, Dash price will fall from $67 to $34 during 2020.
  • Previsioni Bitcoin’s Dash crypto price prediction 2020 is $779 by the end of the year.
  • CoinSwitch website states that Dash is predicted to reach $1869 in 2020.
  • BuySellHodlApp claims the 2020 price prediction for Dash is $272.47.

The mentioned features can help the coin to gain even higher price, most probably, around $1,000 USD per coin.

Dash F.A.Q.

How to Buy Dash Cryptocurrency?

It is easy to buy Dash coin on many platforms. If you want to buy Dash cryptocurrency anonymously using your credit card (USD, EUR, GBP), you can use the Changelly platform.

Is Dash a Good Cryptocurrency?

Dash cryptocurrency has strong encryption features. This type of currency is one of the great solutions to pay for something on the internet due to its ease of use.

How Much Is Dash Cryptocurrency?

As for February 17, Dash cryptocurrency price is $103.96.

Purchase Dash instantly on Changelly

You can exchange Dash coin at the best possible rate on Changelly.

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Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment instrument.

Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment. Website personnel and the author of this article may have holdings in the above-mentioned cryptocurrencies.

About Changelly

Changelly is a secure instant crypto exchange that has 150+ cryptocurrencies available to be swapped and bought at market-best rates. Operating since 2020, the platform and its mobile application attract over a million visitors monthly, who all enjoy quick and simple exchanges, low transparent fees, and 24/7 live support.

7 Must-Read Cryptocurrency Predictions For 2020

In our annual cryptocurrency predictions we forecast that the grand crypto bull market will continue in 2020

Our annual cryptocurrency predictions are a must-read. In the 2020 edition of our cryptocurrency predictions we feature the grand (secular) crypto bull market to continue even though some consolidation may be in the cards as per our Bitcoin forecast for 2020. Institutional capital will continue to pour into crypto even though this process appears to be going slower than anticipated. Crypto will increasingly integrate with real world applications. XRP will move in a wide rounding bottom formation which is ultimately bullish long term, as per our XRP price forecast. And Ripple’s Swell will set the bar for what ‘real life adoption’ means.

Let’s first review what we said last year, in all openness and transparency. We’ll continue with next year’s predictions.

Last Year’s 5 Cryptocurrency Predictions

In last year’s edition of our annual cryptocurrency predictions we predicted the following. We want to openly indicate what went well and what not in last year’s cryptocurrency predictions.

  1. Institutional money as the catalyst for the crypto bull market. It turned out that the crypto bull market continued, but it was not yet institutional capital driving it. This process of institutional money pouring into cryptocurrencies is going slower than expected.
  2. Bitcoin’s upside capped is what we said a year ago. This might still be the case longer term but for now it appeared that Bitcoin was the cryptocurrency that was most solid in its retracement in the 2nd half of 2020. Most cryptocurrencies fell back to their early 2020 lows while BTC is ending the year almost twice as high as its open.
  3. XRP becomes the new BTC. Here it becomes very interesting. XRP clearly is the cryptocurrency with most traction in real life. In terms of ADOPTION there is not any other cryptocurrency that comes even close to what XRP is doing, at scale. However, the XRP price has not reflected this potential. Admittedly, a big disconnect between the XRP price and our expectation a year ago.
  4. Only added value cryptocurrencies would do well. This appeared to be partially true. It is true that no value add cryptos did outperform, and are facing existential risks (rightfully so). However, several value add cryptos are ending the year on a not so positive note neither which is due to the crypto bearish bias in the 2nd part of 2020.
  5. Blockchain implementations would accelerate. This certainly appeared to be true, even though the number of crypto enabled blockchain applications were not the majority.

So with all this in mind what is in store for 2020? We feature 7 cryptocurrency predictions for 2020 in this article.

Cryptocurrency Predictions for 2020: Giant Secular Bull Market Continues

Bitcoin remains the leading indicator for the crypto market. According to its long term chart BTC looks to be building a long term base.

The long term chart suggests that the pace of the ongoing bull market #3 might slow down compared to the previous bull market #2. Note the emphasis on the word ‘might’. It is not a given, but it might happen.

Based on how Bitcoin will behave around current price levels we might need to adapt our investing strategy: from buy-and-hold to a combination of holding for the long term with medium term trades. How, how much, when … all these questions are what we solve in our premium cryptocurrency investing service. We guide our members in a way not anyone else is doing.

Presumably Bitcoin needs additional time before moving to a state of accelerated rise. That’s in our opinion the message of this chart.

All in all the message of the long term BTC chart is this: the grand secular Bitcoin bull market is still in place, and not going anywhere in the foreseeable future. Similarly, the grand crypto bull market is still intact, in 2020 and beyond.

Cryptocurrency Predictions for 2020: ‘Risk On’ Markets Supportive Of Crypto Bull Market

This may seem like a not very intuitive prediction but we feel strong that this will be a relevant as well as an important one for 2020.

In order to understand this point we have to take one step back. BTC is increasingly connected to the rest of financial markets which is because of the introduction of futures. More than any time before are large traders able to switch their capital from non crypto markets (like stocks, currencies, commodities, gold) to BTC, in two directions.

Because of this we believe crypto markets are more subject to the tactical risk cycles.

As per our annual forecasts we believe that a new RISK ON cycle has started in November of 2020: Small Caps Break Out as well as our Dow Jones forecast.

The likelihood of a continued bear market as well as big crashes in BTC in 2020 are decreasing expotentially.

Cryptocurrency Predictions for 2020: Institutional Capital Pouring Into Crypto Investments

As said in the introduction the capital from institutional investors came into the crypto market but at a lower pace than expected. Institutional investors need to manage their crypto investments in a different way than the retail public, and have different legal obligations as well as specific restrictions and requirements.

Case in point: Bakkt took almost a year longer than planned to launch to the public. Yes they are growing fast, but started from scratch.

According to this Coindesk analysis there is a slow learning curve among institutional investors. This quote says it all:

The reality is that institutional investors are slowly getting comfortable (learning), and this process will continue to take time. Despite educational progress through 2020, some institutions are wondering if it’s too early to be investing in this space, and whether they can potentially get involved in investing in digital assets in the future and still generate positive returns, but in ways that are de-risked relative to today. Despite a few other challenges imposed on larger institutional investors with respect to investing in digital assets, true believers inside these large organizations are emerging, and the processes for forming a digital asset strategy are either getting started or already underway.

Institutional capital will make a difference, but it will take some more time to reach the tipping point. It may start in 2020 but also in 2021. One thing is sure: in 2020 there will be an acceleration when it comes to institutional capital inflows.

Cryptocurrency Predictions for 2020: Integration with Real World Applications

We will increasingly see integrations between the ‘real world’ and the crypto world.

If you think about it so far the crypto and blockchain world has been pretty isolated. A world that stands on itself.

We believe that 2020 will be a pivotal year in which blockchain / crypto moves closer to the real world. Especially in the enterprise world we will see ways to open up real life data integrations with blockchain / crypto applications.

Case in point: Chainlink is doing amazing work in this field. The list of Chainlink’s partners is pretty impressive, and it illustrates our point. Companies like Google, Alibaba, Oracle, etc are interested to connect data applications ‘offchain’ to the blockchain through Chainlink. See this list here and here. The transaction based statistics of Chainlink show their growth: see this tweet.

Cryptocurrency Predictions for 2020: Adoption Will Beat Non Adoption

Adoption is the what will make the difference ultimately, also in cryptocurrency prices.

However, we did not see an adoption driven price discovery mechanism in 2020. And given the evolution of the crypto market it will not be the key driver for all cryptocurrencies neither in 2020.

The one exception that might start making a difference is XRP. The adoption of XRP in transactions starts becoming really significant. The demand for XRP is growing significantly. With the partnership between Ripple and Moneygram (one of the largest money transfer services worldwide) it is clear how fast the volumes are growing that XRP is transferring from one currency into another currency (one source and another source).

Fortune.com featured the $200M that Ripple raised to accelerate the XRP adoption process (right before 2020 kicked in).

There are only a handful of other cryptocurrencies that come close to similar signs of growing adoption. But 99% of cryptocurrencies show no sign of adoption whatsoever. Sooner rather than later they will disappear.

Cryptocurrency Predictions for 2020: XRP Consolidates in a Wide Rounding Bottom Formation

From a price perspective the breakdown of XRP was an important event of 2020, which came half a year after the amazing crypto rally of April/June.

We believe that XRP is setting a giant rounding pattern. A major rounding bottom or ‘saucer base’ in more technical terms. Eventually this will resolve to the upside, and we believe that XRP will set a major bottom in the first half of 2020 before starting its steady rise.

Our longstanding price target of 20 USD is still valid. XRP will not trade at 20 USD in 2020 obviously, that’s a bit too ambitious, but it will set the stage in 2020 for an accelerated rise later down the road.

Cryptocurrency Predictions for 2020: Ripple’s Swell to set the Bar for Adoption

Last but not least we believe that Ripple’s annual event ‘Swell’ will increasingly set the bar for adoption.

The type of conversations and evolution that was presented at Swell in 2020 is amazing. Again, no other cryptocurrency comes close to achieve what Ripple is doing, which in turn helps realize the full potential of the XRP ecosystem.

Cryptocurrency Predictions Log: Weekly updated throughout 2020

This is a weekly log to keep track on our crypto predictions for 2020. We update this log on weekly basis with short bullet points to highlight whether the crypto market in 2020 is developing according to our cryptocurrency projections outlined in this article.

  • First week of January: we see encouraging signs on the BTC chart as the leading indicator for the crypto market. The odds favor a reversal to take place which should help BTC as well as the entire cryptocurrency market tremendously.
  • Second week of January: a great start of the week for the price of BTC and other cryptos. They are rising along with BTC. We couldn’t imagine it better than this, great start of the year 2020.

Stay tuned, and keep following our work to get updates on the crypto market. We strongly recommend to sign up to our premium crypto investing service (detailed actionable real-time insights).

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