The new decade has brought about a renewed vigor to the cryptocurrency landscape with the crypto market responding in a bullish manner. Popular analytic website Finder.com interviewed 13 fintech leaders to get their insights on what could be the trend in 2020 for the crypto landscape. Out of 11 cryptocurrencies, the crypto panelist handed TRON, Litecoin and XRP and some other 5 coins negative sentiments.
When quizzed about what coins they had the best sentiments, Bitcoin led with over 75% of the panelists indicating strong positive sentiments on the leading coin.
Ethereum came second with 50% of the panelists revealing strong belief in the coin. Tezos surprisingly came in third with around 40% approval from panelists.
On the opposite side of the spectrum, Tron had the lowest sentiment rating with just 8% of the panelists bullish about the coin. This low positive sentiment rating could be due to the lack of adoption of TRX token despite the number of developments within its ecosystem. Litecoin was also given a low sentiment rating with 50% of the panelists indicating a lack of trust in the coin.
Ripple (XRP) was also a surprise, with the third-largest coin based on market cap criticized by some of the panelists for its increasing centralized model despite the adoption of some of its solutions by financial institutions.
Panelists agree Halving will Boost the Price of Bitcoin
The long-awaited Bitcoin halving has been one of the most discussed topics within the crypto space with many expecting the price of the coin to rise before and after the historical event.
This is a sentiment shared by the majority of the panelist with 82% suggesting that the halving would lead to increase in the price of Bitcoin. Venture capitalist Tim Draper believes that the price would go up as Bitcoin would become more valuable as its usage increases.
However, Dr. Hawkins an associate professor in Politics and Economics is of the opinion that the halving could have an adverse effect that would cause price drop.
A look at the current market trend could suggest that the halving would boost the leading coin which has been on a bullish run since the start of the year. Bitcoin is currently valued at $8,572 with the coin poised to hit the $9,000 mark by the end of the week.