Crypto Market Registers a Swamp of New Investors Amid Meltdown

[Goodcat49]

2018 has unquestionably been one of the more ill periods for digital assets in terms of prices, though it has not been considered indicative with feelings of pessimism and despair because adoption is highly increasing as real usage of digital currencies is on the rise. Over the last month, the Bitcoin (BTC) price deeply plunged and is standing at around $3,400. At press time, other major cryptos such as Ripple (XRP), Ethereum (ETH) and Stellar are trading at $0.304, $90.9 and $0.1115 respectively.

With a plunge of almost 87 percent since the month of January 2018, digital currency markets are lying horizontally with no or fewer signs of a rebound. Several industry analysts have anticipated more losses and the conventional media is over-joyfully writing and posting a torrent of FUD.   

The Cambridge Centre for Alternative Finance made a thorough study and noted that the number of confirmed users of digital currencies nearly doubled within the first nine months of this year, according to Bloomberg. The study reveals that the real figure has soared from 18 million in 2017 to around 35 million customers this year. Two years ago, crypto users were approximated to be 5 million.   

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/crypto-market-registers-swamp-of-new-investors/