Cryptos regain some lost positions
Major cryptocoins have entered the growth stage again. Bitcoin, for example, has been $6527 a couple of days ago and now it has returned to $7400. Ethereum, in turn, also shows the positive dynamics and went back to $400 from $365. These two locomotives with their big market share have likely caused altcoins to follow them.
EOS, Stellar and DASH as well as NEM are demonstrating the positive motion upwards in the last 24 hours. The simultaneous growth is very likely connected to the fact that the market cannot fall forever just as it cannot constantly grow, which has been perfectly demonstrated by the results of Q1 2018 in comparison to Q4 2017. More on this topic can be read in a separate material. All the aforedescribed data is based on Coinmarketcap - and it is worth mentioning that some traders have accused this site of market manipulation, although without solid evidence.
Some observers, including Nouriel Roubini and Swiss researchers, are certain that the fall witnessed during the first quarter is not going away that easily. The latter experts predict the further shrink of the market capitalization while Mr. Roubini strongly advises to be reasonable and abandon the HODL concept.
External factors may accelerate further Bitcoin price and capitalization growth, but at the press time, there are no big events which might turn the tables and get Bitcoin into a rush witnessed in autumn 2017 in sight.
Image courtesy of ShootInfo
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