Market Bottom: Joseph Lubin Says The Worst Is Over

[PRIBO247]

The Oracle has spoken. Blockchain pioneer Joseph Lubin
has called the “cryptobottom of 2018.” In a tweetstorm that
is uncharacteristic of the Ethereum Co-Founder and
ConsenSys leader, Lubin addressed the elephant in the
room — market prices.
Typically, he shifts the conversation away from value and
toward the frenetic pace of blockchain development, which
makes today’s remarks all the more interesting.

His prediction couldn’t have come too soon, with market
prices including bitcoin having crept up over the last days
and investors wondering if the gains will be sustained.
Unlike many other crypto market predictions that are
floating around out there, Lubin backed up his outlook with
facts about the state of the industry: Lubin pointed to a
future that is “bright” thanks to current and forthcoming
scalability solutions, as well as “Ethereum protocol
development that is accelerating and the continued
maturation of the token economy.”
He noted that “The sky is not falling. From my perspective
the future looks very bright. I remain excited about
scalability solutions that are available now… or are
becoming available for use in early 2019.”
Lubin went on to defend both the ConsenSys project, which
has come under fire from naysayers of late,  as well as the
market.  While reports have stated that ConsenSys is
slashing as much as 60% of its staff, Lubin fired back,
saying that the individuals who filled roles that are being
eliminated are looking to fill “other roles at the company.”

Santa’s Elves Spread Good Cheer
While Lubin’s words hold a lot of weight, he isn’t the only
one delivering gifts to the crypto community this season.
Donald Bullers, a North America Representative
with Elastos, a company behind decentralized
infrastructure for the internet, believes the worst is over,
too. He said:

"Cryptocurrency markets have steadily
begun to recover this week, regaining off
of a 35% rally by Bitcoin Cash (BCH).
Those entwined in the industry are not
surprised that markets are beginning to
recover, and this move only further
demonstrates the need for investors to
ride out the storm, not abandon ship at
the first sign of crashing."

For his part, Lubin declared an end to the madness, and he
left the blockchain community with a vision for 2019 on
what’s to come, saying: “Peaking into 2019, if you could
see the landscape through my eyes, you’d have to wear
shades. Yours in Ethereal Serenity, JML.” Was the spelling
of ‘peaking’ deliberate?
For the critics, Lubin took the high road: “Best of the
season to all of our supporters and detractors out there.
Good time to acknowledge that ultimately we are all in this
together. Wishing you all a great 2019.”

https://cryptobriefing.com/