The crypto market has been on the rise for the past few months. And there’s a good reason behind it.
You can see a comparison between the past few years and now here:
Not only is Bitcoin (BTC) reaching highs not seen in almost three years, other cryptocurrencies are also performing well.
As of writing this, Bitcoin is trading at $9,871.78 (up 10.66%) with a market capitalization of $176,643,720,719 according to CoinMarketCap. Ether (ETH) is also trading up at $232.76 (up 15.16%) with a market capitalization of $25,019,964,224 while XRP is trading down at $0.198473 (down 4.13%).
The total market cap of all cryptocurrencies has also increased by 9% to reach $284 billion which is the highest value it has reached since January 2018.
What’s happening?
It is predicted that Bitcoin’s price will continue to increase and potentially reach as high as $100,000 during 2020. This is mainly because as more and more people are buying into BTC and other cryptocurrencies making them harder to obtain and thus their value increases in turn.
The year 2017 was a remarkable one for the crypto market. The total market cap of the crypto industry rose from $17 billion in January to $600 billion in December – a rise of over 3000%. The incredible growth of the crypto market is attracting attention from across the world, and it seems that everyone is eagerly waiting to know what 2018 holds for this industry. Here is a sneak peek into why the crypto market will continue to grow:
The emergence of ICOs
Initial Coin Offering (ICO) has emerged as a popular alternative to traditional fund raising in 2017. An ICO is similar to an IPO, with one major difference – ICOs do not offer any equity stake in the company raising funds. Instead, investors receive digital tokens that can be used for various purposes within the platform. For example, an ICO for a game development project may issue tokens that can be used to purchase items within the game, and these tokens can later be sold for real money if their value increases.
In 2017, ICOs proved to be a huge success and many startups were able to raise millions in funding through this method. Investors were also excited about investing in promising projects through ICOs as they knew they could make massive profits by selling their tokens at a later date when their price increases.
I’m not a financial advisor. I’m just an entrepreneur who has been in the crypto space for over 5 years now and have seen many ups and downs in the market.
With that said, I think we are on the verge of something big.
I’ve been tracking Bitcoin, Ethereum and other cryptocurrencies for awhile and I’ve seen some major changes in the last few months. The crypto market is on the rise.
The reason why it’s on the rise is because more and more people are getting involved in cryptocurrencies, which means more money flowing into the market, increasing prices and driving a larger demand for blockchain products & services.
Here are some reasons to consider why this could be happening:
The crypto market is one of the most exciting and expansive markets in recent history. To put this into context, the total market capitalization of the digital currency has already surpassed $150 billion. Moreover, it’s witnessed explosive growth since its inception in 2009.
The meteoric rise of the crypto market has grabbed the attention of many investors, traders, and entrepreneurs alike. However, there are a few reasons that make the crypto market worth investing in.
1. The Emergence of Blockchain Technology
Blockchain Technology is a decentralized system that can store and transfer data using cryptographic techniques. It has revolutionized how we exchange value over the internet without any third-party authority.
2. Cryptocurrencies Are Different from Traditional Currency
Some of you might be thinking that both traditional currency and crypto-currencies have one thing in common: they both act as a medium of exchange for goods and services. But unlike traditional currencies, cryptocurrencies aren’t backed by any central authority like a government or bank. Instead, digital currencies are created through an open-source program where all transactions are recorded on a public ledger called blockchain technology.
3. People Are Now Starting to Trust Cryptocurrencies
One of the biggest factors behind the rise of cryptocurrencies is that people are
After the crypto market crash of 2018, the crypto market is finally showing signs on life. Many of the top-20 cryptocurrencies, including Bitcoin and Ethereum, are on the rise. And while there’s no way to tell when or if the crypto market will crash again, there are some good reasons why you should consider investing in blockchain tech now.
1. The Cryptocurrency Market Is More Diverse
One of the most notable differences between today’s cryptocurrency market and the one from late 2017 is that there are more coins to choose from. In November 2017, Bitcoin was a dominant force in the cryptocurrency market. It accounted for half of all cryptocurrency transactions and was worth over $6,000 per coin. But since then, thousands of new cryptocurrencies have entered the arena. This has helped foster more competition and less risk for investors
2. Cryptocurrencies Are Becoming More Focused
Another big change in today’s crypto market is that more cryptocurrencies are offering specific solutions rather than working as currencies in general. Ripple (XRP) offers banks a fast way to send money across international borders while IOTA (MIOTA) aims to help machines communicate with each other by removing transaction fees altogether. By narrowing their focus to a specific niche, many
The crypto market is rising at full speed. Let’s find out what caused its growth and whether the bubble will soon burst.
The crypto market is on the rise. Experts explain it with the fact that people are confident in their investments and trust them in a long-term perspective.
For example, in April 2018, there was a sharp drop in the price of Bitcoin (BTC), but it recovered by mid-May, increasing by 70% and restoring its value to $8,000.
The cryptocurrency market has been showing strong growth for several months now. The total capitalization of all crypto coins today is more than $300 billion.
Experts explain the fall or growth of cryptocurrency prices with the following factors:
– The news background (hacks, scandalous statements of bankers);
– Rate changes;
– Speculation;
– A promise to create a cryptocurrency ETF;
– Regulation of cryptos at different levels (state, international).
Investing in crypto isn’t easy. There’s a lot of information and misinformation out there, often from people who don’t know what they’re talking about.
There’s also a lot of hype. Many people are just interested in making money by pumping their favorite coin.
Don’t get me wrong – there are a lot of great projects out there with excellent teams that are doing amazing things for the industry. But how can you find them if you don’t have time to spend all day researching?
In this post, I’ll cut through the noise and give you an overview of the crypto market, why it’s growing, and where it’s headed. So grab your coffee and let’s get started!