The 2018 crypto-bear phase is probably the most difficult period that cryptocurrencies have crossed on their journey. After reaching record highs in December 2017, prices have remained disappointingly low, eliminating over 50% of earnings. Thursday, September 20, most cryptocurrencies seem to be in the green. However, a cryptocurrency expert is predicting that prices will recover slowly and that markets will return to the track in due course.
Prices will recover from first-half losses
In an e-mail to MarketWatch, the open co-founder Origin's blockchain platform Origin, Josh Fraser, noted that the technology sector could contribute to push growth also in the crypto industry. He added:
"Prices will slowly recover some of the losses incurred in [the first of half of] 2018".
He also suggested that usability and price remain two of the most critical critical points of the cryptocurrency industry. However, it is evolving to get rid of its problems. He added:
"People who have erased cryptography, as a result, will only be withdrawn when they see real utility, against speculation, which will help stabilize prices and that's why building usable systems is essential. "
Are we experiencing the big reversal?
Thursday the prices of most of the 100 most important cryptocurrencies have become green. Among the top 10 cryptocurrencies, each of which made gains with Ripple's XRP recording a double-digit price increase. According to CoinMarketCap, Bitcoin recorded an increase of 2.15% and Ethereum recorded an increase of 2.79%. Price action continued to be bullish this week with Bitcoin [BTC]which posted good earnings on Friday, increasing 4%. The price increase is helping investors to believe that the upward phase of cryptocurrencies could come back.
Prices have remained relatively low last year and the market has appeared quiet until the last quarter when a huge boom has increased exponentially. The industry presents several risks and, recently, the New York State Attorney General also noted problems in this area in a new relationship.
The survey used to complete this report was sent to major exchanges such as Gemini and Coinbase. The report reversed the cryptocurrency trade to have inadequate tools to protect investors from damage and their vulnerability to hacks