Skip to main content

Bitcoin to Cross $50,000 This Year With Overall Market Cap Expected to Reach $1 Trillion

Bitcoin Dollars

Cryptocurrency market surely sent chills down everyone’s spine worldwide after a major decline in it’s capital value – but there’s some good news. A prediction by noted experts suggests that the crypto market capitalization levels are expected to touch $1 trillion this year.
Only recently, the market fell to rock bottom with the most popular cryptocurrency, Bitcoin, which was worth close to $20,000 per coin two months ago, fell to around $6,000 about two days ago.

Technology Improvement

The market is slowly stabilizing, after a $500 billion decline in its capitalization, the values are expected to be higher than before by the end of the year. Cryptocurrency exchange Gatecoin’s Thomas Glucksmann said,
Increasing regulatory recognition of cryptocurrency exchanges, the entrance of institutional capital and major technology developments will contribute to the market’s rebound and push cryptocurrency prices to all new highs this year.
Surely, cryptocurrency technology has yet to be made more practical and controllable. Governments and top-level companies are devising ways to harness the blockchain goodness and also legalize it in a manner that prevents criminal activity.
By “major technology developments”, Thomas Glucksmann is talking about improving exchanges and faster transaction speeds, specifically Bitcoin’s “Lightning Network” which allows faster data exchange and transfer of funds for “lightning fast” transactions.

Greater Than Before

Surely, being the largest contributor to the comprehensive crypto-capital, Bitcoin’s price is bound to increase – accordingly, it’s expected to be valued at over $50,000 by the end of 2018.
“There is no reason why we couldn’t see bitcoin pushing $50,000 by December.” – Thomas Glucksmann
Retrospectively, we saw great increases in several coins other than Bitcoin such as Ethereum and Ripple. The recent price fall shows how volatile the cryptocurrencies can be.
Though the past increase in their value was big enough, this year’s increase is anticipated to be even bigger.
Jamie Burke, CEO of a blockchain investing firm said,
We believe after February the market will likely go on a bull run comparative if not greater than last year potentially reaching the trillion-dollar mark before a proper crypto winter sets in where the market becomes more focused on proper market fundamentals.
Planning to buy (or mine) Bitcoins? Now might be a good time to put that credit card to use.

Comments

Post a Comment

Popular posts from this blog

Develop your own game by learning these free courses

We recently recommended courses you should learn before you will launch your first startup in order to avoid some common mistakes. In Quick Tips today, we’ll recommend you some free courses that will help you make your first game and begin your career as a developer. Before we highlight the details of the courses you ought to take, here are some introductory courses which will prepare you to learn these courses more effectively; Java Programming Basics  – Prepare yourself for programming on Android and the Web Introduction to JavaScript  – Create animations and understand variables and strings. When you have gone through those courses above then proceed to ones given below to develop your first game: 1. Create a 2048 game in just 1 day For those who have zero experience in programming and don’t want to take the above courses, then enroll in this course from Udacity. You will learn the basics of HTML and CSS as well as their interaction with JavaScript. ...
Post a Comment
Read more

The upgraded Google News app is now available on iOS and Android

One of the more intriguing announcements at Google IO 2018 was of  a new Google News app  to take the place of the Google Play NewsStand, which was initially launched in 2013.  After describing the new Google News app  in a dedicated page for the app on its website, Google has now officially released the app on the  App Store  and  Google Play . Google Play NewsStand was used as a resource to get news around the world. The news would be of every category, even the news which doesn’t interest the user. Whereas with this new Google news app, the artificial intelligence of Google shows you the news you want to see, which you usually search for on Google. According to Google , the Google News app now  “uses a new set of AI techniques to take a constant flow of information as it hits the web, analyze it in real time and organize it into storylines.”  Artificial intelligence(AI) gives the app an ability to process and sort the news from...
Post a Comment
Read more

Huawei Mate 10 Pro: A Premium Flagship With Some Odd Omissions

When Huawei had launched, they were known as a brand that mostly dealt with budget smartphones and even their flagships were not up to the standards that people expected at that time. However, times have now changed and leading the innovation front nowadays is Huawei. A few of their flagships in the recent year or so have been nothing short of impressive but this year’s Mate 10 line up has changed the brand image forever and consumers now know that Huawei is a serious market player and should not be taken lightly. We’ve already reviewed the  Mate 10 Lite and there was a lot to like about that phone. Today we have with us the most expensive one of the bunch, the Mate 10 Pro. For a more in-depth review and understanding of various Mate 10 Pro features, do watch the video review linked below. Design Like most of the flagships in the industry, Huawei also makes use of some premium material on the Mate 10 Pro. You have curved Gorilla Glass on the front and back and where th...
Post a Comment
Read more