In the recent times, there have been quite a lot of ups and downs, when it comes to cryptocurrency. While it kick started the year 2018 with a rise in the prices which was clearly the highest that the market has ever seen, this trend just like many couldn’t last for long. Thus soon the cryptocurrency started to decline.
Though the market did go through some moments which gave some hopes for the bitcoins to recover, but November came with a bearish market. A loss of thousands of dollars was experienced by the bitcoin, leading to the discouragement of all the crypto investors.
So in general year 2018 has not been the best year for the crypto world, rather has been disappointing. Now the question arises that will the 2019 continue to carry the prospects of 2018 or will it bring some good news this time?
Predicting the crypto market
Well the answer to this question can’t be a straightforward one, but there are ways to predict an answer to that. Now this is a fact that the sharp fluctuations are something the crypto market is prone to. Thus even the most experienced of the analysts and traders are unable to accurately prove the next move in this highly fluctuating market. Thus no matter how hard somebody tries to predict, this market no can ever make the right guess at all points of time. So the best and the safest approach would be to constantly keep an eye on the trends which carry the potential to shift the market so that one can avoid losing a lot. But this can also be taken as an advantage because almost everyone will be at the same page which means that everyone will be having as much knowledge of the crypto market as anyone else in the same field. This brings everyone to the same level because now everyone will have to make guesses and make unsure moves.
Now there have been times when some of the predictions happened to come true but this doesn’t come under a majority of the cases.
The crypto world in 2019
In 2018, it was assumed that the market cap will be greatly increased due to more blockchain projects and the advancements in technology. But in reality the reverse just happened. But through the year 2018 didn’t go as ‘eventful’ as the market gurus expected that it would, people still are hopeful for it may take a turn in 2019 and that too in a positive way! This is because lately the blockchain has been in use worldwide and with its ever growing popularity; it gives the analyst and the investors good enough reason to stick with it.
Of late this emergent technology has been drawing the attention of the leading nations. This can be clearly seen from the fact that the nations have been bringing out their own cryptocurrencies in the market.
So, will the cryptocurrency market recover in 2019?
This is the one of the biggest questions of the year when it comes to the trading. In spite of the decline that the 2018 has seen, experts are still hopeful this year that the cryptocurrency may take the lead this time bringing in some significant development to the market hence a positive change.