2019 will be unstable ...

in #bitcoin5 years ago

Over the past few weeks, some crypto assets, such as Ethereum (ETH) and TRON (TRX), have risen in price due to the planned development and launch of new products.

Constantinople (Constantinople) - hard fork in the Ethereum blockchain network, to be held from 14 to 18 January. Since mid-December last year, on the threshold of the hard fork, the price of the Ethereum asset has almost doubled.

The TRON market also recorded a significant increase in the price of an asset the next day after the submission of the BitTorrent token, the own cryptocurrency of a widely used torrent protocol launched on the basis of the TRON blockchain.

BitTorrent Token technical documentation read:

Optimizing the existing BitTorrent protocol is an obvious first step in the integration of a cryptographic token.
Many analysts expect that the cryptocurrency market will undergo another significant correction before the beginning of the multi-month consolidation period and the accumulation phase.

During this period, some cryptocurrencies, such as Ethereum and TRON, may exhibit upward price movements while waiting for product release and protocol updates, but most cryptocurrencies are likely to remain stable due to low trading volumes and reduced overall trading activity in the market.

Not the whole community is waiting for a boring year.
Travis Cher, vice president of Digital Currency Group - a venture company that has invested in some of the largest cryptocurrency companies, such as Coinbase, said that 2019 will be volatile and full of surprises.

This is the industry’s most constant trend in recent years. After you devote all your time to the crypt, any other industry will seem boring. Like every year on the blockchain, 2019 will be unstable, interesting and full of surprises.
Cher stressed that both individuals and companies in the industry do not want to leave the market and wait for crypto winters outside of it.

In the second half of 2019, the recovery of the cryptocurrency market can certainly be recorded, especially if the cryptocurrency stabilizes and recovers during the first two quarters. But, based on the short-term dynamics of many assets since November, the probability of a sharp trend reversal remains low.

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