The term “nuclear winter” may be more appropriate to describe the state of the market.
The term “cryptocurrency winter” has in recent years become quite popular to describe the fall of the market in 2018, but the head of a startup Civic Vinnie Lingam believes that soon the term “nuclear winter” may be more appropriate to describe the state of the market, informs Rus.Media.
Lingam reminded that the price bdon fell from $20,000 in December 2017 to $3 000 by the end of last year and the short-term Outlook is not optimistic. He noted that if the key support for the bulls at $3 000 will not stand and the price is the first cryptanalytic will be discussed below, the “cryptocurrency winter” will become “nuclear”.
To understand the point of view Lgema easy – to cryptanalytic industry are rampant defeatism, many companies cut staff and the stock exchanges are closed. Against this background, in the market there are very few buyers and speculators waiting for the “bottom point” to resume purchases.
Soon, many analysts expect the price to fall bdon under $3000 and that’s not “lower point”. The head of the Civic said that the market will not reach bottom until until btton will not find application in the real world.