Ethereum Up 40% over $500, Bitcoin Up 23% Over $8000 & Litecoin Is Over $130 %16 This Week
The recent price increase in the last 24 hours. BTC, ETH, BCH and LTC seem to be following the pattern of the recent predictions by Lee and others on the positive second half of 2018 for the cryptocoins. ETH has about 40% increase in the comparing to starting this week from $369 to $520 at the time of writing this article. BTC from $6580 jumped to $8119 and Litecoin from $112 to $131.
This sudden price increase trend in the last 24 hours if stays and continues its momentum, it follows the positive predictions for digital currencies price predictions for 2018 that has been done in the pas 2 month. Although many has said Bitcoin will fail (as the leader of digital assets and crypto world) and it is just a bubble that has already popped out, Many high profile annalists and their predictions are actually pointing to the mid 2018 as the transition point from a decreasing trend that started in Jan 2018 to an increasing period that goes up to Des 2018.
Some of the bad news leading to sell off of all cryptos in general for recent weeks:
- Closing two exchange centers in Japan
- Tax inclusion in US
- Banning banks in India to work with exchange centers
- Banning Cryptocurrencies and ICO ads in Tweeter, Google and Facebook
- Forcing the exchange centers to apply to be regulated in US, S Korea, Japan & …
- The pornography in blockchains
The Future And Long Term Forecast for Ethereum Price Prediction:
The predictions specially for the Ethereum ( that is in many ways the most complex and advanced Cryptocurrency) have forcasted a price increase up to $1600 at the end of 2018. Ethereum Price prediction actually paint a very bright future till first Q of 2019 and up to about $1600. By today it has recovered 40% of its price drop in march.
https://walletinvestor.com/forecast/ethereum-prediction
Tags: News, cryptocurrencies, bitcoin, ethereum, ether, bitcoin price, bitcoin market, bitcoin prediction, ethreum prediction, crypto future, bitcoin news
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