With the massively declining market, it appears that the only thing left for investors to do is either tap out of the crypto story and sell their crypto assets or hope another bull run like the one in 2017 will take place in the near future.
Cryptos are losing big time with counting over -90% of the loss in the overall value of the crypto market, additionally counting losses due to the latest dip that took place several days ago.
Still, many crypto enthusiasts are looking forward to the bull run that is in many ways difficult to predict, while some analysts are having a hard time seeing an easy way out of the current dip.
Who better to talk to on this matter than the CEO and founder of one of the largest and most popular exchange platforms, Changpeng Zhao of Binance?
Binance CEO Considers Crypto Bull Run to be an Inevitable Case
Even back at the end of 2016 and once again during the ending months of 2017 and the beginning weeks of 2018 not many investors and analysts could have predicted the fiscal heights reached by the majority of the crypto market.
Still, 2017 and the beginning of 2018 was the period when the majority of currencies got to their all-time high prices, in what appeared to be a mass trend.
Soon afterward the market started to collide, plummeting in the overall value and losing now over -90% of the total market capitalization of cryptocurrencies.
Many investors tapped out at the first sign of declines, and many still seem to be giving up with the latest dips as seen in mid-November 2018.
However, the CEO and founder of one of the largest exchange markets, Binance, claims that the market will definitely go through another bull run.
List of All Cryptocurrencies
Price 24H (%) -1.37% -3.20% -4.73% 0.08% -5.62% -0.90% -3.49% -6.98% -3.92% 21.94% -4.19% -3.07% -3.36% -3.32% -6.15% -2.18% -4.19% -4.00% -12.32% -1.29% -4.95% -1.71% 1.98% -6.51% -5.79% -0.04% -1.66%
Moreover, although Changpeng Zhao is convinced that bull run is coming, he claims that he is not able to state the exact period of the predicted bull run, neither being able to determine what the driving force behind the bull run is going to be.
What Changpeng Zhao is certain though, is the fact that institutions that bring regulations could indicate further growth of the market consequently triggering an appropriate bull run.
He also stated that he believes that the current state of the market is in a way good for the future of cryptocurrencies as attention-worthy and valuable blockchain-based products and ICOs could stand out from the other part of the market focusing adoption and investment in these valuable digital assets.
Is There a Chance for a Bull Run at the End of 2018 and the Beginning of 2019?
If we rely on the previous market trends as seen at the end of 2017 and 2018, we could freely rely on the possibility that the market will get to see another bull run in the finishing weeks of 2018 and the beginning of 2019.
However, based on the current market trends with the majority of top trading currencies dipping and some like Bitcoin and Ethereum even touching their new lows, it is uncertain whether cryptos will get to see a bull run in mass.
As Bitcoin is turning 10 years in 2019, we can expect to see a positive sentiment which could induce a proper bull run, at least for the top trading cryptocurrencies.