How The Cryptocurrency Market Will Look In 2018

August 30, 2018

TheRightICO

How the cryptocurrency market will look in 2018

Ripple leading the cryptocurrency way

Bitcoin’s recent explosion took a lot of people by surprise in 2017, when it skyrocketed from little over $6,000 to more than $12,000 in just a couple of months. Another similar bang seems to be happening now with another cryptocurrency and most people didn’t see it coming. Right before Christmas ripple was valued at $1, more or less. Today it stands at $2.45 and it seems like it’s on its way to the major league.

 

The digital currency market is filled with both trustworthy, valuable assets and shady, uncompetitive ones at the same time. Yet, the later events seem to show a dramatic turnaround. The several thousand low-tier cryptos are slowly growing alongside the major ones. This is where the ICO (Initial Coin Offering) market thrives on attracting more and more investors as time passes.

The immense return rate, even for lower cryptos, when the market is the most volatile transforms the market in a giant poker table – potential huge profits, only matched by equally catastrophic losses. Yet, despite all the risks, investors swarm as the market booms, seemingly out of control.

And the fact of seeing a cryptocurrency like ripple doubling in value over such a short timespan brings light on how the lower market will behave in the future.

The trend is booming – Ethereum in full force

There are countless horror stories linked to the trading market. Stories involving traders being ruined by one seemingly simple and safe investment. This doesn’t seem to be the case with cryptocurrencies, where all you get is the glamourized version, with losses being negligible and profits always going through the roof.

2018 cryptocurrency trend seems to steer into the green zone. It all started on the first trading day of the new year when both high and low-tier crypto were shining green, with the latter ones spiraling with an over 30% growth. NEO, the Chinese blockchain rival of Ethereum is now worth around $100 per coin, a growth similar to Bitcoin in its early days.

And if 6 years were enough for Bitcoin to jump from $15 to over $14,000, a mere $100 investment in NEO could deliver a 3,000% profit by 2021–if the trend is maintained.

There is a similar situation with Ethereum. Developed by Vitalik Buterin, nowadays a world-renowned Russian millionaire, Ethereum is currently riding the wave. Consider the fact that around $3 billion worth of Ethereum is being traded every 24 hours and you will be able to see the full picture.

And it is that much funnier to see people claiming crypto traders “make money from nothing”, in a context where the Russian blockchain is worth $84 billion. By comparison, Petrobras, a Brazilian oil company with 60 years of experience in the field is $15 billion short. And this doesn’t stop here, as major cryptos exceed expectations, virtually on a daily basis.

The fund manager of Polynom Crypto Capital in Moscow, Alexey Ivanov stated that Cardano, one of the more unknown competitors of Ethereum, will most likely double in 2018. According to him, it is only a matter of time until Cardano will be added to a regular trading platform, at which point it is bound to spiral out of control. And it is not a far-fetched theory if you look at the fact that Cardano went up 500%, following its ICO release in 2017, now holding at around $0.77 per coin.

Cryptomania and the rise of the bounty-hunters’ era

It is called a bubble, with some looking down on it, while others are being relentlessly drawn by its magic. The cryptocurrency market functions differently compared to the stock E-Trade. Here there is no middleman between you and the seller/buyer. Cryptos function based on exchanges, which operate based on a contract signed with the trader directly.

And, in the end, it all comes down to “How much am I willing to risk?”. As chief market strategist Naeem Aslam declares:

“2017 is where cryptomania first began showing its impact. Can you make money in the cryptocurrency industry? In the end, it all comes down to only investing what you can afford to lose. This will keep the risk to a minimum while making the profit that much more appealing. The average working American can afford investing $100 with no significant negative financial impact in case of losing. After all, getting a return rate of 10-20 times (or more) of the amount invested is not something you can easily pass on”

What is more interesting is that Bitcoin’s very behavior is what sets the cryptocurrency market on fire. For the first time in the past 5 years, Bitcoin has ceased to unequivocally dominate the industry. Precisely 1 year ago, in January 2017, Bitcoin was embodying over 80% of the crypto trading. Today it is at 36%, with a market cap of $233.6 billion, a significant growth in such a short span of time.

Another Russian blockchain, Waves, showing great promise for 2018. Despite its recent birth, Waves is already being valued at over $13, with a market cap of over $1 billion. And it is neither the first nor the last example of sorts.

There is no question about it, cryptocurrencies represent the 2018 hit and the actual magnitude it will hit is anyone’s guess. But one thing is for certain: there is no turning back. Regarding the criticism of cryptomania, all coin specialists seem to have come to the same conclusion: it is completely unsupported. Because as a crypto-trader you are fully independent and the profit is there for the taking.

It is only a matter of time until the crypto market will begin spiraling out of control and it seems like the time has come. Although Bitcoin still remains the undisputed king, 2018 will see many other low market coins double, triple or multiply their value many times over.

And who can argue against that?

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