SegWit activation didn’t change the Bitcoin value dramatically

According to the data demonstrated on Coinmarketcap, since the start of the day Bitcoin did not fall or grow drastically. This means that everybody on the market was far more concerned with hard-fork that happened before the implementation of this protocol designed to optimize Bitcoin transactions.

Source: Coinmarketcap.com

The price has grown just a little – from $4137 during the first minutes of trading to $4186 at the press time. Most Bitcoin analysts are saying right now that the market has learned to stop worrying and loved the protocol update. Among them is the digital currency market analyst Petar Zivkovsky, his opinion is partly shared by many other analysts who believe that the current price stability will end in November after SegWit2x developers initiate a new hard-fork which, as we have seen with Bitcoin Cash, can result in creation of a new big cryptocurrency and reshape the market status quo.

Nobody still knows how many segregations Bitcoin can withstand and is there any limit after which the market will be viewed as too young and volatile by big investors. However, the blockchain technology that is the backbone of any cryptocurrency might even outlive altcoins because it’s applicable in many spheres.