Despite the massive decline in the cryptocurrency market from the start of 2018, many experts believe that there will be a significant upward trend in the last quarter of the year. This event would be in line with the trend that seems to have been established in the last two years.
Q4 Price Surge: History Repeating Itself
Since 2016, the cryptocurrency market has "revived" in the last three months of the year. Take Bitcoin, for example, started trading 2016 at $ 434, but ended the year at more than twice this value, at $ 963. Since October, the highest level cryptocurrency has eliminated the constant movement of prices and started a nearly constant price march by December 2016.
2017 followed a similar pattern, culminating in the high price of nearly $ 20,000 reached in mid-December. BTC is not the only cryptocurrency to follow a similar trend to that of the altcoin market even the big price gains during this time window.
With the start of the fourth quarter of 2018 less than a month away, the stage seems set for another year's price rally. Thus, there are possibilities for making significant profits in the altcoin market as prices will close the year higher than their current levels based on historical trends.
Important announcements in October
Besides the hope that history will repeat, there are also concrete reasons why 2018 will follow the trend established in the two previous years. First of all, October marks a period of greater activity with regards to the updates of many altcoins.
Lisk ($ LSK) should launch its decentralized exchange on October 1, 2018, for example. This event could have a positive impact on its price, which is currently slightly higher than $ 4 for the 24th classified cryptocurrency. December also sees a central movement from Stellar (XLM) while the altcoin plans to launch Lightning Network in its livenet.
NAGA Card and NAGA Exchange
All of this development coinciding with a breakout of BTC prices starting in October will probably catapult altcoin prices into the market. NAGA will also present its NAGA CARD and NAGA EXCHANGE. The chip-based debit card will allow users to easily upload fiat funds from their trading accounts, even those financed by NAGA's cryptocurrency, NAGA COIN. As part of the drive to continue to grow the NAGA ecosystem, the NAGA CARD will be fully integrated on all NAGA platforms. Users of NAGA TRADER, the company's revolutionary social trading platform, will be able to transfer their profits to the stock market directly to the NAGA CARD and spend their winnings on "real" purchases.
Equipped with high-level protection and anti-fraud protection NAGA EXCHANGE will provide fast and reliable KYC and AML verification, as well as multi-factor authentication. After successfully checking the account, users will benefit from unlimited funding and withdrawals through multiple options: major credit and debit cards, bank transfer from top banks and leading eWallet.
These new additions will join the rapidly expanding NAGA Ecosystem. Recently, NAGA has also announced a partnership with the innovative fintech company, OpenBlock. With the launch of its exchange, the platform guarantees real utility for NAGA COIN, which is the hub of the entire business. As a result, the NAGA user base is expected to grow as the cryptocurrency market as a whole comes in a significantly bullish period. Traders can take advantage of this period by investing more capital to get huge profits from trading during this next race.
Launching all these important updates and additions to various alternative sectors of the market creates a potentially positive general market sentiment. Already, there are indications of a possible reawakening of prices from BTC starting in November.
What do you think of the possibility of making profits by exchanging alt-overs on the NAGA platform during the bullfighting of Q4 2018? Please let us know in the comments section below.