Crypto Market is in Same condition as in september 2017
Current Crypto market condition is almost same as september 2017 except the price of Bitcoin. We have seen the price of Bitcoin changes exponentially after september 2017. Prices of Bitcoin up from $4k to $20k. Currently, Bitcoin price is $7.2k with the total market capitalization $124 billion.
source:coinmarketcap
If you look at the crypto prices of september 2017, You will find a similiar pattern except the price of Bitcoin. Look at the price of Ethereum, Bitcoin Cash, Litecoin, XRP, IOTA. The price is very close. After september 2017, Prices of almost all cryptos had gone high. Though after the Chinese Cryptocurrency ban, Market retreat for a week or two but the market had regain its strong postion after a copule of week
source:coinmarketcap
Can we expect a similiar market movement now? What is your opinion on this regard? Please let us now your comment below?
This article shouldn’t be taken as financial advisement as it represents only my personal opinion and views. As a general rule, Do not invest what you cannot afford to lose and always research and read as much as possible about a project before investing.
Have a good day!
@steemero
Coins mentioned in post:
You got a 7.00% upvote from @postpromoter courtesy of @steemero!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
You got a 33.76% Upvote and Resteem from @ebargains, as well as upvotes from our curation trail followers!
If you are looking to earn a passive no hassle return on your Steem Power, delegate your SP to @ebargains by clicking on one of the ready to delegate links:
50SP | 100SP | 250SP | 500SP | 1000SP | 5000SP | Custom Amount
You will earn 90% of the voting service's earnings based on your delegated SP's prorated share of the service's SP pool daily! That is up to 38.5% APR! You can also undelegate at anytime.
We are also a very profitable curation trail leader on https://steemauto.com/. Follow @ebargains today and earn more on curation rewards!
Good signs, hopefully we can emulate the same run up we had at the end of the year, however I think people will be more cautious now and more inclined to sell to break even on some of their current losing positions.