Waiting for growth: Bitcoin is slowly emerging from the stage of accumulation

Date:

2018-11-05 14:45:10

Views:

3599

Rating:

1Like 0Dislike

Share:

Waiting for growth: Bitcoin is slowly emerging from the stage of accumulation Source:

According to the research firm OneAlpha, Bitcoin gradually «gaining power» after correction of 2018. The stability of the price of the cryptocurrency in recent weeks is the main symptom of market maturity. He has had moments of UPS and downs, so be ready for reasonable incremental growth. When this correction was necessary for «cleansing the ecosystem of kriptonyte».

the

Why the decline — is it good?

It Seems that almost all the evidence supports the point of view of analysts OneAlpha. After the incredible bullrun in 2017 in the crypt got a lot of inexperienced investors who came for «easy money». The fall of Bitcoin, on the contrary, brought the cryptocurrency stability, which gave him the image of a «market», not «bubble».

Long bear market has given the industry «the break» and lowered expectations of investors to a much more sane level. Boom in December 2017 and correction in January had the effect of cleansing the ecosystem. They were removed from the market of the speculators, leaving only those who wish to invest in technology and the future. It's a necessary evil to create a normal industry.

Experts also divided the ecosystem into two distinct branches. The first consists of cryptocurrency, and the second from tokens.

At the moment Bitcoin becomes stronger and occupies more than half of the market capitalization. Ethereum is a tenth, while 87 percent of the remaining tokens created on the basis of Ethereum. Turns out, among all the cryptocurrencies Bitcoin takes 71 percent of market capitalization and 54 percent of the platforms made with Ethereum.

image Source — Bitcoinist

OneAlpha have a pretty optimistic Outlook for the future. The company argued that «growing up» of the stock market will allow to build a bridge between the ordinary consumers and bloccano. Soon digital assets are recognized almost worldwide. Fortunately, they are already listed in our .

Recommended

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

The entire Ethereum ecosystem under threat. What's wrong with smart contracts?

The entire Ethereum ecosystem under threat. What's wrong with smart contracts?

According to analysts from northeastern University and the University of Maryland from October 31, the lack of variety of smart contracts Ethereum (ETH) poses a threat to the entire ecosystem of blockchain. According to the result...

Ripple: XRP consumes less electricity than Bitcoin and Ethereum

Ripple: XRP consumes less electricity than Bitcoin and Ethereum

more and more companies around the world raise the issue of transition to cleaner sources of energy, and generally think about the environment. Chief strategist Ripple also spoke on this matter. In his Corey Johnson compared the i...

Ethereum Foundation and Filecoin will work on creating their own ASIC miners

Ethereum Foundation and Filecoin will work on creating their own ASIC miners

Ethereum Foundation plans to create specialized mining equipment, in cooperation with the development team Filecoin. This was announced at the annual Devcon conference, which was held in Prague. Researcher Justin Drake presented t...

CRYPTOMACH / Terrible for Bitcoin death spiral of the dollar and the redistribution of global wealth

CRYPTOMACH / Terrible for Bitcoin death spiral of the dollar and the redistribution of global wealth

Summing up the next week, which this time brought us to the last month of autumn. Its features do not end there. Seven days also remember the remarks of Dan Morehead about Bitcoin on sale, a decade of Wallpaper the main cryptocurr...

Bitcoin Cash rose sharply to $ 540. Should you buy BCH before hardforum?

Bitcoin Cash rose sharply to $ 540. Should you buy BCH before hardforum?

Over the past 24 hours Cash significantly increased and reached the level of $ 540. We will remind, on November 15 in-network coins will be hardwork. While the team BCH there are some differences, it was even divided into two oppo...

As the Creator of Litecoin learned about Bitcoin?

As the Creator of Litecoin learned about Bitcoin?

the Creator of the seventh volume of capitalization of the cryptocurrencies in the world If Charlie talked to Laura Shin in the broadcast of her popular podcast. They discussed Bitcoin and how he met cryptosphere. For starters, Le...

Bad battle: captainvalor become a victim of fraud rapper

Bad battle: captainvalor become a victim of fraud rapper

Rapper T. I. (also known as T. I. P) now appears in the proceedings because of their own token FLiK. A group of defrauded investors accusing a celebrity in scame. According to them, they «invested more than $ 1.3 million in n...

Hasrat, Bitcoin has broken a new record. What difference does it make?

Hasrat, Bitcoin has broken a new record. What difference does it make?

On the charts is nothing new? Can not watch, it really is. Bitcoin price is almost unchanged during the last 2 months. However, do not despair — kriptonyte not going to slow down. still want mine, which proves growing Hasrat coins...

JP Morgan: we believe Ethereum more

JP Morgan: we believe Ethereum more

Despite recent statements by Jamie diamon of JP Morgan supported Ethereum for a potential opportunity to create applications for Finance. According to the Australian Financial Review, JP Morgan seriously interested in the developm...

The Winklevoss twins told about the theft of 5000 bitcoins. Who is to blame?

The Winklevoss twins told about the theft of 5000 bitcoins. Who is to blame?

the founders of the platform for the exchange of digital assets Gemini has accused his former business partner in the theft. According to the statements, the former partner has not returned to them five thousand bitcoins were to b...

Buterin out of Ethereum or not? Let's see

Buterin out of Ethereum or not? Let's see

November 1, MIT Technology Review published an article the title of which was quoted Vitalik Buterin about the need to withdraw from their own offspring. Apple will become a really decentralized, while the project is headed by the...

Grown-up hobby: the son of the CEO of Google too, mines cryptocurrency

Grown-up hobby: the son of the CEO of Google too, mines cryptocurrency

Google co-Founder Sergey Brin and CEO Sundar Pichai have a lot in common. Both sons of billionaires actively bottom cryptocurrency. A recent conference of the New York Times DealBook Pichai admitted that his 11-year-old son produc...

BitMEX CEO: Bitcoin will fall to $ 2,000 before ballroom

BitMEX CEO: Bitcoin will fall to $ 2,000 before ballroom

Today, BitMEX has released a new report on what is happening on the stock market. The head trader Arthur Hayes took advantage of this opportunity to publish its forecast for the price of Bitcoin. BitMEX CEO also explained previous...

BAT increased by 14 percent. What is the reason for the pampas?

BAT increased by 14 percent. What is the reason for the pampas?

Coinbase recently announced the commencement of trading of the Basic Token Attention on the Coinbase platform Pro. At the moment users can already enter deposits in to BAT on a stock exchange, a full coin auction should begin soon...

"The godfather of ETFs" does not believe in the imminent approval of the first exchange triptofana

the Head of Cantor Fitzgerald's Reggie brown, said that investors in the cryptocurrency should not be high hopes for the SEC. According to him, the financial regulator will not give their nod for the approval of the cryptocurrency...

When Cardano will start to grow? Answer graphics

When Cardano will start to grow? Answer graphics

Even if the coin is not growing, and the improvement of the blockchain is slow, Charles Hoskinson with his team overcomes a very important milestone in the development of Cardano. However, getting the project to its final form may...

Tron burned tokens for $ 800 million. What's going on?

Tron burned tokens for $ 800 million. What's going on?

the Founder and CEO Tron Foundation Justin San announced the successful burning ERC-20 tokens TRX for $ 800 million. He also called tokens ERC-20 artifacts, and wished his followers to keep one token for a long memory. According t...

Expert: Bitcoin will grow in the first quarter of 2019, but will fall after the rejection of the ETF in February

Expert: Bitcoin will grow in the first quarter of 2019, but will fall after the rejection of the ETF in February

Known capturador Alex Kruger claims that trades Bitcoin futures platform Bakkt will lead to the growth of the main cryptocurrency. It will add to the cost at the end of 2018 and will continue to grow in the first quarter of 2019. ...