Hello friends! Soon we will jump into the New Year 2018. There is a tradition to strike a balance and to make forecasts on the New Year’s Eve. Crypto people are always eager to guess what will happen to digital currency further. #AraneoBit has two types of tokens - for mutual settlements and for paying the fees for #moneytransfers - so we keep up with public.
Now, when everyone tuned in to the right wave and picked up a costume of Vanga that fits perfectly, let us give you a disclaimer: blind faith in the forecasts makes one addicted and leads to empty pockets. We only give a slight hint and not guarantee that everything will go according to the plan.
So, taking into account the statistics of the previous year and the world situation about cryptocurrencies, the analysts are divided into those who sees the light at the end of the tunnel and those, who can see only the train.
In 2017 the price of Bitcoin (and the price of its younger brothers Ether, Ripple, Litecoin etc., following Bitcoin) skyrocketed. The optimists are forecasting even more growth in 2018 for this group of coins. According to some experts, #Bitcoin exchange rate will overcome 20 thousand USD ceiling. There are some suggestions that the price of the King of crypto will rise ten times. Still most likely there will be some retracement and minor drops. The price of younger coins will rise in a more stable manner and with no critical drawdowns.
Big investors are gaining more and more interest in cryptocurrencies, these are the major players in the world market that are planning to hold for a long-term. At the same time digital money become more clear and more attractive for usual people; young coins usually #skyrocket on some bright idea – there is more capital involved. If the system will remain stable when more users will arrive, the security will be at high level and cryptocurrency will successfully balance between excessive growth and excessive demand – there is no reason to worry.
But.. Shock! Sensation! Incredible news about 2018!
Not really. It will stay at the same level. The cornerstone of the cryptocurrency is still its legal status in most of the countries. That is why we are all breath taken, observing how one or the other country will act. Even with #Russia the situation is not so obvious. If before we thought that all failed, now the Ministry of Finance is planning to legalize #cryptocurrency. But the project is not yet been made public, so it’s better to hold your breath for now.
The pessimists believe that the fact that cryptocurrency has not been legally recognized for a long time, can destroy everything in 2018 or to kill Russian market in 2018 in case of some disappointing performance of Russia. Also, some analysts predict the crash of price for Bitcoin and other leading cryptocurrencies after the popularity price highs, keeping in mind its rise in 2013 and a major drawdown till early 2015. Some financial experts decline the analytics of cryptocurrency at all, declaring that cryptocurrency has no economical ground and the “bubble” can burst at any moment of time. However, we already have experience with bubbles.
So, we are keeping hope and waiting that the glass is half full, not half empty. We only need to focus, follow the market dynamics and to pay attention to young currency which has potential to beat Bitcoin both in technical sense and conceptual sense.
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We wish you a #HappyNewYear. Stay tuned, eat mandarins, be happy and stay with us in the new year. See you soon!