Cryptocurrency Market Continues to Decline: 4 Cryptocurrency Price Predictions 2018

An illustration depicting an investor during a down stock market.

While the recent ‘leaf-shifting state’ in the crypto money markets has left itself to a somewhat downtrend from nowadays, various analysts, have variable opinions about the subject. Of course, nobody can express what is going to happen in the cryptographic sector, but we have put together 4 ideas that will not be surprising if you happen to be our valuable readers by the end of the year. Here are four possibilities pointed out by various analysts …

1-) Total Market Volume will Fall Down

The end of 2017, the beginning of 2018, there was almost $ 900 billion in crypto money , but as Bitcoin was accompanied by a serious drop in money, the money began to be withdrawn from the market very seriously.

Particularly corporate investors are coming to the sector and doing Bitcoin futures in various stock markets makes things worse; especially in the NASDAQ and CBOE , and the fact that many other large corporations have begun to follow this trend led to a decline in market volume in the short and long run.

As Goldman Sachs continues to announce that it is ready to offer this option to its customers, some authors state that this will continue to drop crypto money markets.

While almost 30 billion dollars of money went out in the week of the crypto money market , the total market volume in the sector is 314 billion dollars when this article is taken . Let’s see if this decline will continue until the end of the year …

2-) Bitcoin will fall once more

It is a very clear fact that Bitcoin has suffered a decline since finding 20 thousand dollars and the number one name of the crypto money market has gone through hard days. Especially for the price of Bitcoin , which rises sharply after the rise at the end of December and is worth almost 6 thousand dollars at the beginning of February, some experts say that these levels may also reach even lower points.

For example, Willy Woo, a respected crypto money and digital product analyst, recently shared his analysis of crypto money markets, and there are many who have joined Woo, claiming that Bitcoin’s price could go below $ 6,000 in the short term .

Authorities say Bitcoin’s price fluctuation, which is now around $ 7,000 , could fall to $ 4,000 ; Of course, time will tell what will happen. As a result of such unfavorable comments, market analysts; South Korea, China and the US show crypto money-centered problems.

3-) Is Ethereum going to exceed Bitcoin?

Here is the favorite question of the crypto money markets, once again coming out. For many years, many analysts agree that while many claim that Ethereum has a chance to overtake Bitcoin in the period and someday sooner or later it will happen.

Some of the analysts said that the days are beginning to be seen as a relatively safe port, and that many days of trading in the stock market are now close to Satoshi, although it is unlikely until the end of the year that Ethereum is developing more and more every day.

A large number of ICOs are organized on the Ethereum platform, which has become a preferred option for people, especially with the smart contract system and the Blockchain platform. Analysts wondered if it would sooner or later summarize Ethereum, as many projects with small, irritated projects are almost flunking each other on the platform every day, Etheruem is one day thinking about the idea that Bitcoin is the only coin to take its place.

At this stage there is a $ 70 billion difference in favor of Bitcoin between the total transaction volume of the two coins . Let’s see if Ethereum can close this gap and get ahead of Bitcoin.

4-) America Will Tighten Rules

Speaking in December, Jay Clayton, chairman of the US Securities and Exchange Commission (SEC), has been criticizing the crypto parallels and ICOs very heavily. He stated that the nature of these products was difficult to organize and he said that this was starting to be difficult for America.

At the beginning of this year there were various problems with the tax processes but finally the middle way was found. In the United States, which is one of the countries suffering from the declarations of gains from crypto-money, the government and local governments are expected to tackle this issue more tightly in the coming period.

According to some analysts, the dosage of Washington sanctions may increase during the next period. It is a well-known fact that the names at the top of America and at the head of the country-leading institutions do not like the anonymous nature of crypt money. At this stage, the US will not be expected to follow a policy similar to South Korea, but it will show what will happen.

On the other hand, some analysts are talking about how new yen levels will be experienced for 2018 and beyond.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.