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Top 10 Cryptocurrencies are Tanking – Prediction of the Bitcoin Price in 2017 and 2018

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Top 10 Cryptocurrencies are Tanking – Prediction of the Bitcoin Price in 2017 and 2018

Introduction

This article was posted on Saturday, 13:38, UTC.

The major cryptocurrencies like Bitcoin, Ethereum, Litecoin and Ripple are down by more than one to eight percent today: I want to let you know what I think of the cryptocurrency market we are facing, as I’ve experienced what is happening previously (2014-2015). Cryptocurrencies tend to operate in a triangle, where something sparks interest, media coverage, prices are rising, and everyone is “making money.” One could argue that the latest surge in bitcoin and ethereum price is driven by ICO-enthusiasm. The prices tend to drive sharply upwards until deposits are matched by withdrawals and “take profits”. I believe bitcoin hit…

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Jonas Borchgrevink

Jonas Borchgrevink

Founder of Hacked.com and CryptoCoinsNews

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One week after our previous long-term look at cryptocurrencies, the…