Market forecast and prospects for cryptocurrencies for 2020.

11 ביוני 2020

The forecast of cryptocurrencies is one of the most discussed topics today. Virtual money has become an integral part of society. The situation on the cryptocurrency market, which has been happening recently, makes investors think about the feasibility of investing in digital assets.
Experts predict Bitcoin further movement in a downward trend. The decline in the rate is partially due to the launch of a multi-cryptocurrency ETF on the Swiss stock exchange and record trading volumes. The data shows that many investors invest in ETFs, predicting continued asset growth.
Ethereum has not yet broken through the upper boundary of the triangle and continues to move within the descending channel. In the coming days, a rollback is expected to 83 USD. It is advisable to build a further forecast based on the behavior of market participants. Recently, ETH / USD has been trading along with the market, but, given the features of the instrument, experts give a forecast on the likelihood of minimum updates.
EOS maintains lateral movement. It is advisable to buy cryptocurrency only after the price has fixed above the downtrend line. As of December 13, EOS continues to trade at 1.92 USD.
In the current situation, trading volumes are declining. We can conclude that the large seller, who had a long-term negative impact on cryptocurrency, left.
Experts do not support the decadent mood in relation to digital currencies. In their opinion, cryptocurrency will not go anywhere, on the contrary, virtual assets will be more and more distributed every year.
Coinbase CEO Brian Armstrong is confident that digital currencies will gain steady momentum over the next 5 years. Over time, the number of users will reach 1 billion people. Despite the rapid decline of the cryptocurrency market in 2018, analysts do not give sad forecasts. Great expectations are placed on institutional investors.