OmiseGo (OMG) Price Prediction for 2019/2020
The cryptocurrency OmiseGo, at the time of writing has a price of $ 2.19 USD with a reduction of -6.46% in the last 24 hours and a market cap of just over $ 307 million dollars, to place it in position 32 of the market ranking.
OMG presents that its price is dependence on its ETH peers that contribute market share of just over 30% to its prices, so any upward or downward movement of Ethereum will affect proportionally to OMG.
In view of the above, we may see a price rebound for OMG, due to the scalability that Ethereum promises by mid-year, and this could have an impact on price improvement.
Looking at your weekly chart for OMG, we could see that after the big bullish moment of ETH and the cryptocurrencies in general, OMG was severely affected in its current price drop.
However, as of January of this year, OMG established its lowest point historically, and since then it has begun to grow steadily generating a soft bullish parabola, which we project to levels of $ 5 by the end of the year. After the corrective moment we witnessed, and we consider it to last until the middle of the year.
The second wave of Elliot could trigger double the projected prices at the end of this year, for the last period of 2020. If nothing is opposed to the proposed scenario, we could have a price x5 in OMG by the end of 2020, in relation to the Actual Price.
Aroon has started to show bearish, for the current correction period that we think will continue until the end of July. Then this indicator should be corrected towards a sustained uptrend or even before this period if ETH manages to advance its scalability.
BitTorrent (BTT) Price Prediction for 2019/2020
The new successful project of Justin Sun, the same creator of Tron recently presented a key update of this project, the fully decentralized IPFS, with which the BTT economy is expected to grow.
At the time of writing, BTT presents a spot price of $ 0.001525 per unit, with a strong contraction of -6.68% like the rest of the market. This relatively new but successful project has been kept in good position, occupying its box 31 at the time of writing.
As expected, being a project of the same man of Tron, it is logical that the strongest pair of negotiation is that attached to the USDT. The trading pair anchored to the Tether contributes more than 40% to the TRON market.
Because it is a relatively new project, there is not much data that we can use for projections, however based on the analysis of its 1D graph, BTT has a bullish trajectory that we believe will continue for the next two years,mainly because of the effective implementation of your roadmap.
Aroon shows a slight contraction to the south in its bullish indicator, which is nothing more than a reading of the current corrective moment of BTT.
Elliot Wave Triple Correction projects a price movement between the bands $ 0.00097 and $ 0.0022 for BTT in the next two years.
EMA to 20 days is presented as its strong support at levels of $ 0.0012 USD.
The BTT token has just made a spin ball, which we must be careful if it is possible to reverse it before the projection made.
CARDANO (ADA) Price Prediction for 2019/2020
The project of Cardano has lost strength in recent weeks, due to delays in fulfilling its roadmap and not passed to greater in terms of market capitalization is concerned, so much so that it has been relegated outside the top ten of the market to the eleventh position Its quoted price at the time of writing is $ 0.0866 per unit with a decrease of -5.65% in the last 24 hours.
The ADA market is dominated by the pair anchored to the Tether, which makes it independent as well as BTT of what other altcoins achieve. Of course, any positive market change will be taken advantage of as a whole by all the cryptocurrencies including Cardano.
In the long term, the cryptocurrency presents favorable scenarios of up to $ 0.68 at the end of two years. This is a benefit of up to + 750%, according to the Elliot Wave Triple projection.
Aroon is currently heading to the fund, crossing it with its bearish indicator, saying that the ADA bear market takes up position until mid-year for now, before taking off at R1 highs by the end of 2019.