November 2018 set the cryptocurrency market on a rather rocky path, demonstrating how turbulent the market can be, switching market trends radically from day to day.
Even though the crypto market could have seen some serious improvements in collecting rises at the beginning of November, at least the top part of the crypto space, the market soon developed a negative market trend that stripped the winning cryptos off some rather flattering gains.
Moreover, the market continues under a rather bearish trend with occasional waves of rises and gains as recorded on November 16th at some top cryptos.
However, some key players of the crypto market like Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH) have definitely seen better days.
As some of the top cryptocurrencies are dropping heavily while touching new lows with slim chances of having a decent rebound any time soon, many are wondering what will happen to crypto market by 2019.
Crypto Market by 2019: Will the Bearish Trends Continue, or Will the Bulls Return in Time?
The cryptocurrency market appears to be dictating some rather negative trends especially with the arrival of a massive dip at the beginning of the third quarter of November 2017.
Some top cryptos like Bitcoin, Bitcoin Cash, and Ethereum are also marking new lows with ETH going below 200$, BTC touching 5,500$ and BCH being traded at 388$ to where it declined from the value of over 600$ in less than two weeks.
Investors are worried, however, some reports indicate, specifically market sentiment reports made by Huobi back in June 2018 that although the market is marked in bearish trends in the most of 2018, over 70% of the market will get to experience at least 30% of growth by the beginning of 2019.
Many are expecting, despite seeing new lows, that then the crypto market will somehow be able to recollect some major gains going towards new record heights, however, this might not be the case; at least not entirely.
List of All Cryptocurrencies
Price 24H (%) 0.47% 1.47% 0.10% -0.35% 1.83% 4.81% 5.91% -0.82% 9.30% 0.28% 1.67% 0.40% -1.19% 3.23% 2.41% 0.73% 2.31% 0.78% 0.22% -0.05% -0.46% 1.18% -0.64% 3.47% 0.87% -0.74% -4.87% 1.04% -51.20% 0.80%
Although it is somewhat a certain market pattern that cryptos will get to see some serious price gains in December as 2018 is coming closer to an end, given the fact that the market is experiencing the downside of having a weak spot for quickly changing trends.
That means that although it might be the case that the crypto market will be experiencing gains at the mere end of 2018, these gains might not bring these assets to their previous record prices.
Some individuals might be lucky enough to see this happening; however, a portion of the crypto market will definitely go to a slump.
What Will Happen to Crypto Market in 2019?
Many crypto enthusiasts and analysts are indicating that the end of 2018 and the beginning of 2019 will definitely mark the end of prolonged bearish trends.
It is considered by conducting calculations based on the previous market trends that some cryptos like XRP will be some of the top gaining cryptos of 2019, while it is also predicted that Ethereum will get o see a rebound as the network is waiting for scalability integrations.