After recent bloodbath of cryptocurrency market Bitcoin is showing bullish signal now. This time total market cap came down to lows of $250B which ultimately gave rise to FUD.
Why Bitcoin is now more stable and headed to explore new unchartered territories of All time Highs?
1- Induction of new investment will come after end of China's Lunar new year on 16th February.
2- USA senate hearings are giving all the positive regulations for cryptocurrencies.
3- Robinhood exchange which is zero commission exchange can introduce buying/selling of cryptos with Fiat currency and can give tough time to its competitor Coinbase.
4- All the fake and FUD news related to China, Korea and India are done and dusted now.
5- Bitcoin is having another hardfork on 28th February.
6- Issues related to Tether are seems to be resolving now because circulating supply remains the same.
2018 can also be good for cryptos due to flippening effect, meaning less dominance of Bitcoin over Altcoins and marketcap is expected to reach atleast 1 Trillion USD
We have already seen that whenever Bitcoin takes a fall , the whole market crumbles alongside with it. At the end of this year, Ethereum and NEO can definitely stronger their positions in terms of dominance, so next time fall of single coin will not effect the whole market.
informative post
Thanks for the encouraging information, @bluemist!
Thank you for the insight and information, @bluemist. Yes, "fall of a single coin should not effect the whole crypto market" ... This is definitely the desired destination :)
👍👍👍👍👍
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