10 Statistical Price Predictions for 10 Cryptocurrencies

in #blog6 years ago

BITCOIN
What is Bitcoin?
You know what Bitcoin is, stop it.

One-Year SimulationOne-Year Simulated 1,000 TimesVerdict
We can be 95% certain that Bitcoin prices will fall between $4,614, and $129,269 with a mean of $41,238.

BITCOIN CASH
What is Bitcoin Cash?
From the Bitcoin Cash project website:

“Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.”
Really, it was an additional currency that was created after a fork from Bitcoin core.

One-Year SimulationOne-Year Simulated 1,000 TimesVerdict
We can be 95% certain that Bitcoin Cash prices will fall between $2, and $4,838 with a mean of $1,451.

ETHEREUM
What is Ethereum?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.

Ethereum has been busy recently. Multiple steps have been pushed in motion for the upcoming large change — reaching a new consensus method.

From Jordan Daniel at ethnews.com:

Ethereum’s Byzantium hard fork was only one half of a two-part process designed to transition the decentralized application platform to a new method for reaching consensus — proof-of-stake. The next hard fork, called Constantinople, was recently discussed during an Ethereum core developer meeting and could include Vitalik Buterin’s Casper update.
One-Year SimulationOne-Year Simulated 1,000 Times
Verdict
We can be 95% certain that Ethereum prices will fall between $40, and $3,004 with a mean of $829.EOS
What is EOS?
EOS is a blockchain-based, decentralized operating system, designed to support commercial-scale decentralized applications by providing all of the necessary core functionality, enabling businesses to build blockchain applications in a way similar to web-based applications.

One-Year Simulation
One-Year Simulated 1,000 Times
Verdict
We can be 95% certain that EOS prices will fall between $0.002, and $2 with a mean of $0.45.
LITECOIN
What is Litecoin?
Litecoin’s claim to fame is faster transaction processing times. It uses a scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have.

The ability to target regular computers and GPU’s happens to be a huge differentiator from the crowded mining population of Bitcoin.

One-Year Simulation
One-Year Simulated 1,000 Times
Verdict
We can be 95% certain that Litecoin prices will fall between $6, and $507 with a mean of $122.
OMISEGO
What is OmiseGO?
OmiseGO is building a couple of things:

Decentralized exchange
Liquidity provider mechanism
Clearinghouse messaging network
Asset-backed blockchain gateway
OmiseGO is not owned by any single one party. Instead, it is an open distributed network of validators which enforce behavior of all participants.

According to Blocknight:

Also, OmiseGo counts Vitalik Buterin (Ethereum), and Joseph Poon (Lightning Network Co Author) among their advisers. Joseph Poon is actually billed as author of the OmiseGo whitepaper.
Those are some pretty big names.

One-Year Simulation
One-Year Simulated 1,000 TimesVerdict
We can be 95% certain that OmiseGO prices will fall between $33, and $1,030,718 with a mean of $480,414. Holy volatility!!

NEO

What is NEO?
NEO (formerly known as AntShares) is a smart asset platform and the first open source public blockchain project in China. Smart assets are the combination of smart blockchain contracts and digital assets.

One-Year Simulation
One-Year Simulated 1,000 Times
Verdict
We can be 95% certain that NEO prices will fall between $2, and $1,314 with a mean of $347.

RIPPLE

What is Ripple?
Ripple is a system created for banks to enable immediate payments and lower costs.

The vision of the Ripple creators is to allow a bank transfer in a few seconds (instead of the horribly annoying 2–3 business days).

Of note, is that Ripple is a U.S. based company. From the xrphodor blog:

Ripple is a US-based company.
Why is this an important point to consider? A US-based company like Ripple is subject to some very stringent laws regarding securities trading and money transmission. These include requirements that define how Ripple might interact with crypto markets and both institutional and retail crypto traders.

One-Year Simulation

One-Year Simulated 1,000 Times
Verdict
We can be 95% certain that Ripple prices will fall between $0.01, and $0.63 with a mean of $0.18.

MONERO

What is Monero?
Monero attempts to solve privacy and fungibility issues that persist in Bitcoin.

Part of the algorithm for Monero automatically mixes transactions with previous transactions and does this by implementing ring signatures.

One-Year Simulation

One-Year Simulated 1,000 Times

Verdict
We can be 95% certain that Monero prices will fall between $37, and $5,835 with a mean of $1,400.

Zcash
What is Zcash?
From the Blockchainhub infographic:

Zcash is a permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.

One-Year Simulation

One-Year Simulated 1,000 Times

Verdict
We can be 95% certain that Zcash prices will fall between $9, and $1,073 with a mean of $275.
CONCLUSION
Whether you are investing in Bitcoin, Ethereum, or SpankCoin, it is imperative to have a plan. Most notably, a worst-case scenario.

The Monte Carlo simulation is a fantastic way to get a range of prices for a cryptocurrency. And after reading this, you can see how the final values change drastically depending on what you are looking at.

I urge you to download the sheet and try your own hand at simulating different coins. The sheet is setup to pull in every single coin from CoinMarketCap.

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.032
BTC 66266.06
ETH 3031.03
USDT 1.00
SBD 3.67