The boom of 2017 was great, but what followed was a steady decline of crypto values that started at the dawn of 2018. Since then, crypto prices have been doing a pendulum swing between bulls and bears for the better part of the past few months of 2018. However, over the past few weeks preceding September, the market was relatively stable, with many cryptos especially Bitcoin and Ethereum experiencing rather impressive value balances. This September, things really went south when the market experienced a sudden bearish rush that came on force on September 5th.
At the moment, and compared to the highs of 2017, altcoins have lost about 85% of their market value within the last 252 days, and that’s where the good news might start trickling in. It’s remembered that back in 2014, a period ensued when altcoins shed off over 86% of their value within 266 days, but that’s right before the bulls broke out and charged the price up to a new high. Currently, the 20 biggest cryptocurrencies have been on the losing end, but that could change very fast – just as it did in 2014.
According to GalaxyBTC, a crypto accumulation machine, the next two weeks could present a trigger that could very well retrace the miracle of 2014. In fact, GalaxyBTC bets that the altcoin market won’t…
Continue reading at ETHEREUM WORLD NEWS