2020 prediction for Crypto market

Market

After the inception of Bitcoin in 2009, the cryptocurrency market came into existence as a platform for trading in currencies and trading with currencies. After a decade of severe fluctuations, cryptocurrencies have come up to several more than 2500 different coins, floating in the market. The digital currency market is known for its unstable attitude towards investors. Given the low number of ICOs (Initial Coin Offerings), one must be aware of what creates these fluctuations in this industry. Similar to other trading platforms like stock markets and foreign exchange, investing in cryptocurrency is directly proportional to its return on investment.

It is important to understand and research on the future of the currency, which might cause its value to rise and vice versa.  Cryptocurrencies are no different from other trading options, and they are equally prone to market crashes, low purchasing power and natural calamities. All of us remember that Bitcoin, which was rising consistently performed a straight nosedive, depreciating by 50% and leaving its investors completely abandoned.  Crypto startups are emerging all over the world, and partnering with bigger giants who are funding them, the biggest challenge for these companies is t make the customers aware about cryptocurrencies and their market.

 

We all know that the Coronavirus pandemic has significantly slowed down all the financial markets, and cryptocurrency is no exception, but there’s always a silver lining to a dark cloud. Since the governments have imposed bans of international trade and travel is somewhat restricted, to ease the situation, they have come up with economic policies which might save the economy from sinking. These policies include loan waivers, subsidiaries on necessity goods, help to the manufacturing sector and low-interest rates, around the world.  This news might be beneficial to those who are planning to put their money in the cryptocurrency market.

 

investing

 

The biggest advantage of investing in Bitcoin is coming from the People’s Republic of China, as they have made a decision to incorporate the blockchain technology into their everyday activities. This will create an upsurge in the value of Bitcoin and other popular coins. Facebook’s Libra is going to be launched in 2020, this might take the market by storm and increase the demand for digital currencies, or it might wreck the entire market. Still, when such big players enter a market, they create significant fluctuations, either positive or negative. Bitcoin, which is the most significant player in this market is going scarce by the minute, after reaching an all-time high in the winter of 2017 it is estimated that bitcoin will break all previous ceilings and might trade at one million US dollars by the end of 2020 only if it maintains a steady pace and hits a twenty thousand mark by the end of the first quarter.

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