After a slight increase, many investors have wondered whether the coins can follow this trend to come back to their initial stable state.
However, according to the statistics by Coinmarketcap, for almost all the coins, the rate of decrease is greater than the rate of increase. Specifically, recorded on January 23rd, 2018 Bitcoin dropped to a low of $11,000. It is considered to be a catastrophic drop in coin history.
Wall Street veteran Peter Boockvar predicts an epic crash will hit the Cryptocurrency market.
"When something goes parabolic like this has, it typically ends up to where that parabola began," he said on CNBC's "Futures Now."
"I wouldn't be surprised if over the next year it's down to $1,000 to $3,000," he added.
It should be noted that only leading coins such as BTC and ETH witness the drop in price. In contrast, there is just a minor fluctuation in Alt coins.
=> So why don’t we make an investment in Alt coins at this time?
However, according to the statistics by Coinmarketcap, for almost all the coins, the rate of decrease is greater than the rate of increase. Specifically, recorded on January 23rd, 2018 Bitcoin dropped to a low of $11,000. It is considered to be a catastrophic drop in coin history.
Wall Street veteran Peter Boockvar predicts an epic crash will hit the Cryptocurrency market.
"When something goes parabolic like this has, it typically ends up to where that parabola began," he said on CNBC's "Futures Now."
"I wouldn't be surprised if over the next year it's down to $1,000 to $3,000," he added.
It should be noted that only leading coins such as BTC and ETH witness the drop in price. In contrast, there is just a minor fluctuation in Alt coins.
=> So why don’t we make an investment in Alt coins at this time?
Actually you can find online absolutely different viewpoints: while some experts say cryptos will go to the Moon, some pessimists predict Bitcoin and altcoins great fall. My thought is like that: the market and all coins will show its volatility much more than it made before.