According to a survey conducted by popular comparison website Finder and published in the South China Morning Post (SCMP), various blockchain industry participants expect the price of the top two cryptocurrencies, Bitcoin and Ethereum, to more than triple by the end of the year.
In the survey, nine blockchain industry participants were asked about the potential price trajectory of the world’s top 12 cryptocurrencies. The study interestingly found that the participants were more bullish on Ethereum than on Bitcoin, as they expected Ethereum’s market cap to increase by 212 percent. Bitcoin’s market cap is expected to grow by 194 percent, while Bitcoin Cash is expected to grow 123 percent.
The survey, according to the SCMP, was based on price levels seen on February 27. At the time, Bitcoin was above $10,00 and Ethereum was at $870. This means that, according to respondents, by the end of the year, Ethereum’s price would be at $2,550. Bitcoin would hit $29,533, and Bitcoin Cash would be at $2,721.
The survey’s projections would mean both Bitcoin and Ethereum would see their value more than triple within nine months, as recent price trends saw Bitcoin drop to $8,800 at press time. Ethereum is currently trading at $670.