Two major crypto's experiencing a HEALTHY correction! What's next?
Bitcoin’s price had a pretty stable run during the beginning of the week coasting along at $2650-2700 and that all changed on June 24 as the price has since dipped 25 percent. The price of one BTC at the time of writing is $2400 USD across most global exchanges. Ethereum markets have also slid downwards as well, and one ETH is currently $270 which is lower than its recent $400 highs losing nearly 35 percent in value. Market observers believe both cryptocurrencies are experiencing a healthy correction after the strong price run-ups over the past few weeks.
What do you think? Are bitcoin & eth going to make a rich run to the end of the year or will it be a more steady climb until 2018?
For Bitcoin to make a run we need to get through the August 1 ordeal. If things work out like they should then Bitcoin should finish very strong in 2017. Ethereum will continue to improve as we see these early ICOs lay the groundwork to work on kinks in the new process.
The Ethereum blockchain is the future of innovation and several U.S. based companies are investing in this tech. Even Mcafee purchased equipment for his company to mine Ethereum!
Very exciting times! I agree, August 1st will be very telling on how bitcoin will be trending for the remainder of this year.
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