Observers Predict Litecoin (LTC), Ethereum (ETH), And Dogecoin (DOGE) Will Skyrocket In The Near Future

Litecoin crypto price predicted to rise by the end of this year (Gobankingrates)

JAKARTA – Observers from Finder.com predict the price of the number of cryptocurrencies will increase soon, including Dogecoin (DOGE), Litecoin (LTC), and Ethereum (ETH).

Reporting from Bitcoin.com News, observers say that the price of the cryptocurrency Dogecoin is predicted to break the US $1.21 (around IDR 17,448) in 2025. Meanwhile, Litecoin's price is predicted to reach US $266 (around IDR 3,835.746) by the end of this year. While Ethereum is expected to reach US $4.5 thousand (equivalent to IDR 64 million) by the end of 2021.

Although Litecoin is predicted to rise to IDR 3 million, the emergence of several new crypto assets makes LTC lose its position. Litecoin cannot enter the top 10 cryptocurrencies based on its market cap. Currently, LTC is only able to occupy the top 14 with a market capitalization value of US $12.53 billion (equivalent to IDR 180.3 trillion). Finder panelists predict LTC will not break into the top 10 cryptocurrencies.

The Finder panelists who predict the LTC price include Sagi Bakshi as CEO of Coinmama, there is also Joseph Raczynski, a technology expert from Thomson Reuters, besides that there is also Dr. Iwa Salami is a Senior Lecturer from the University of East London. About 81 percent of Finder.com panelists stated that LTC was starting to lose its relevance. The poll is different from one of the panelists who predicts LTC will increase every year.

In addition to the names above, there is also a senior lecturer from the University of Canberra John Hawkins who predicts the lowest price of LTC which is expected to decrease to US $80 (around IDR 1 million) per coin.

“Litecoin now has a bit of a media profile and doesn't seem to offer many advantages over bitcoin”, Hawkins said.

In addition, Konstantin Boyko-Romanovsky who is the CEO of Allnodes said that Litecoin could reach US $ 180 (IDR 2.5 million) by the end of 2021, and by 2025 LTC is predicted to reach US $ 300 (around IDR 4.3 million).

“The price of Litecoin doesn't seem to necessarily correlate with the price of Bitcoin, which is very interesting to observe. However, it becomes more difficult to predict the price of LTC 10 years into the future”, said Konstantin.

In addition, as many as 15 percent of other Finder panelists estimate Litecoin can penetrate the top 10 cryptocurrencies based on market capitalization. Trade the Chain co-founder Ryan Gorman mentioned that Litecoin is in a bullish trend.

“People who are new to (the crypto world) will continue to trade Litecoin because it has always been one of the first crypto assets to be added to new lines like Paypal, Venmo, etc. That innate support will help him continue to score even if it's largely irrelevant", Gorman said.