Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: CebuBitcoin on December 22, 2018, 02:19:19 PM
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Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 21
Making correct predictions is a difficult skill, even more so when it comes to cryptocurrencies. Many analysts were caught on the wrong foot with their overly bullish projections for 2018.
One of the most popular analysts, co-founder of Fundstrat Global Advisors, Tom Lee, has said that in a note to clients he “will cease to provide any timeframes for the realization of fair value.”
However, another popular crypto name, Galaxy Digital’s Mike Novogratz, believes that the current short rallies might lead up to a bigger one later. The crypto investment bank is pinning its hopes on the upcoming launches of Fidelity’s crypto custodial and trading services, as well as that of the digital assets trading platform Bakkt, to attract institutional investors.
On the other hand, United States bank JPMorgan Chase has said that the involvement of the institutional investors in the market was dwindling.
After the massive bear market, one would expect cryptocurrencies to take a back seat to fiat money. However, in a recent survey by the United Kingdom’s central bank — conducted on Twitter — about 70 percent of the respondents favored receiving gifts in cryptocurrencies over cash, bank transfer or gift voucher.
Various crypto projects continue to receive funding, which shows that investors are still interested in this space. But what should the traders do, after the recent upswing? Let’s find out.
Readmore: https://cointelegraph.com/news/bitcoin-ripple-ethereum-bitcoin-cash-stellar-eos-litecoin-bitcoin-sv-tron-cardano-price-analysis-dec-21