Crypto markets have started showing mercy this weekend thanks to the top tokens now trading in the green. The report indicates that the price of Bitcoin (BTC), XRP and Ethereum (ETH) is in the green as of press time. Bitcoin is up by 1.11%, XRP 1.10% and Ethereum 2.81% respectively. Why the likes of Litecoin (LTC) and BitcoinSV have started showing signs of bullish momentum. Litecoin (LTC) is up by 8% in the last 24 hours.
Ethereum (ETH) Price Today – ETH / USD
2018 hasn’t been smooth sailing for digital assets. The past three months have seen the market shock traders with the now 3 months long sideways price movement only to break down even further at some point. Many traders and experts have tried to call a bottom, but in truth the crypto market is unpredictable. No one can know what the future holds. In times like these, it is best to take things one day at a time and appreciate bullish momentum no matter how short or small.
A Rebound is Likely Given These Considerations:
Regardless of Bitcoin’s performance, we may see alt season soon. You can only hope that his prediction will come to light. The likely triggers include:
- BTC rebounds, altseason starts.
BTC remains flat, altseason begins.
BTC drops more, altseason begins.
Upcoming Ethereum Developments That Can Reshape the Future
It is noteworthy to indicate that Ethereum (ETH) is working to implement ProgPow. A new mining algorithm specially designed for GPU miners. With Constantinople launch just aound the corner, the block reward is set to drop. Because of this, Ethereum (ETH) developers are looking for ways to eliminate ASICs to bring in some profits back to consistent users using GPU mining rigs. Whether ProgPow will be implemented or not remains to be seen as the matter is still debated.
One of the reasons why the price of Litecoin may be surging gradually higher than other digital currencies is because Litecoin’s first lightening node was launched two days ago. This was reported by CoinGate on December 13th that Litecoin’s Lightning Node is now ready for deployment.
But What is in Store for Crypto in the Future?
While many traders remain optimistic regarding the future of virtual currency markets, others are becoming more and more skeptical about it. Particularly now that the ICO model has been shut out, scaling solutions are now a nightmare that no one cares about, and crypto markets are dropping to new lows every day many are wondering if this is the end of cryptocurrencies. Will the market ever rebound any time soon and will we see Bitcoin back at its $10,000 high in 2019?
The fact is that no “expert” can correctly predict the future. However, we can look at the technical indicators, previous market action, the developments in the space, and arrive at our own conclusions. Killer apps can play a role here including Zombie Battleground, OpenBazaar, Steemit, DuckDice, and Purse.IO. These apps showcase the beauty and use of Blockchain technology. Until we can ensure that the average user starts utilizing apps built based on Blockchain, the crypto space is going to remain in this state.