How the cryptocurrency market is currently operating

First of all we must remember that the cryptocurrency market is still at an early stage. At the time of writing, the cryptocurrency Market Cap is: $314,340,371,009, meanwhile solid industries today handle numbers in the trillion dollar range. So what does this really mean? That the cryptocurrency market is still not solid enough and that technical patterns and analysis aren't as effective as wished by all. So what does that leave us with? Sentiment and fundamentals.

It's all about the fundamentals

This market is made up of investors that are driven more by fundamentals, feelings, and trends. Therefore, events that add value to a cryptocurrency plus quality marketing will often result in an increase of coin value. On the contrary, negative events and bad publicity will usually result a decrease in coin value.

In the past we have seen that mainnet and testnet launches can have a positive effect on cryptocurrency value. Take a look at what happened in the past.

MAIN NET LAUNCH EFFECTS IN THE PAST

QTUM-September 13 2017
60% rise during the week before launch

ICON-January 24th 2018
33% rise during the week before launch

ARK-March 21st 2017
100% rise during week of launnch

EOS-December 5th 2017
About 20% rise near week of launnch

Will history repeat itself?

Get to work and find out. Here are some of the upcoming and most awaited mainnet and testnet launches in the cryptospace! Be sure to check them out during the next few days.

Cryptooverload

Here is a helpful video about 7 important main net launches!

Thanks for stopping by to read!
-Ana