No one can say for sure when the crypto markets will rebound, but there are some factors that suggest it could happen soon. In this blog post, we’ll explore some of the potential reasons why crypto could go back up in the near future.
Checkout this video:
Introduction
When is crypto going to go back up?
This is a question that is regularly asked in the crypto community, and it’s one that doesn’t have a simple answer. There are a variety of factors that need to be considered before making any predictions about the future of the market.
In this article, we will go over some of the most important factors that need to be considered when trying to predict when crypto is going to go back up. We’ll also provide our own predictions for when we believe the market will start to recover.
##Factors That Affect The Price Of Crypto
There are a number of different factors that can affect the price of cryptocurrency. Some of these factors are:
1) The news: Both positive and negative news can affect the price of crypto. Positive news might be things like new partnerships or developments in the space. Negative news might be things like hacks or regulation changes.
2) Market sentiment: This is how confident investors are feeling about the market. When sentiment is high, prices tend to go up. When sentiment is low, prices tend to go down.
3) Trading volume: This measures how much trading activity is happening on a given day. Higher volume usually means higher prices, and vice versa.
4) Market manipulation: Unfortunately, there are some people out there who try to manipulate the market for their own gain. This can artificially inflate or deflate prices, and make it difficult to predict what’s really happening in the market.
Bitcoin
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
Litecoin
Litecoin price today is $61.59 with a 24-hour trading volume of $5,585,331,874. LTC price is up 7.7% in the last 24 hours. The Litecoin Foundation is a nonprofit organization dedicated to advancing Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies.
Monero
Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy, decentralization, and scalability. Monero uses a public ledger to record transactions while new units are created through a process called mining. Transactions on the Monero blockchain cannot be linked to a specific user or real-world identity.
Monero had a market capitalization of over $2 billion as of January 2018, making it the 13th largest cryptocurrency by market cap at that time. As of May 2020, Monero has a market capitalization of $964 million and is ranked 18th on CoinMarketCap.
Conclusion
It is impossible to know definitively when crypto will go back up. However, there are a few things that investors can do to try and predict when the market might start to rebound. First, pay attention to news surrounding regulation and adoption. As more countries start to regulate crypto and mainstream companies begin to adopt blockchain technology, the market will likely become more stable and attract more investors. Secondly, keep an eye on the overall global economy. When stock markets are struggling and traditional investments are underperforming, crypto often goes up as investors look for alternative opportunities. Finally, watch for positive developments in the space itself. New platforms, protocols, and applications that solve real problems can help drive adoption and push prices higher.
