📈 Cryptos Are Regaining Market Cap📜 ($400 billion+). 📈

It's no secret that cryptos have been in a bear market for almost all of 2018 since their all-time highs back in December of 2017 to early January. One interesting fact to note is that things were just as stagnant for about the same duration last year. Bitcoin was hovering up and down around the $1000 mark up until April before the market started seeing a steady rise in market cap.

Again, this year things seem to be on track and aligned with last years trajectories. In just 7 days the market cap of all cryptocurrencies has risen by an impressive $50 billion. This means there is a lot of buying power pushing the markets up a good sign that things are finally recovering.

I expect this momentum to keep snowballing steadily towards all-time highs before we see another huge spike to new heights. Whenever bitcoin makes breakthroughs in price points it gains exposure in real-world media outlets like news and television shows. With this much exposure, we should expect new people even those who've never heard of cryptos to start investing in them.

Of course, it takes a bit of patience to get there and we're just a couple of months now from breaking through that $20K barrier and going much further from that by the end of the year. Buckle up boys and girls because things are going to get a little messy in a few moments. It will come like a thief at night - suddenly but only the prepared would have been expecting it.

I'll remind everyone that this time last year people (including myself) were doubting that bitcoin could reach $2000 by the end of 2017 and were the first to promote it when it bulldozed its way through $5K, $10K and later $20K. It seems things haven't changed much though as there are newbies who have the same doubts as we did last year. Well, I'm telling you to not waste your time on doubt and uncertainty.

Although bitcoin is down by more than 50% from its all-time high it is still up more than 800% to this date last year you do the math. Steem alone was $0.22 this date last year and today is valued at over $3. I don't know about you but I think based on the history of cryptos the numbers tell a better story of the future for cryptos and hodlers.

That's just my 2cents worth on current market valuations and where they might be in the future. I hope you take something from this post and please share your thoughts on what I might've missed. Do you agree with my analysis or do you have a different point of view? Please do share it with me.

Have a great day otherwise!

P.S. Read my last post titled We Are Headed For The Roaring Twenties!!!, it is an interesting one.

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