It has recently revealed that the cryptocurrency prices will “slowly recover” some of the losses the digital currency industry had experienced in the first quarter of 2018. Despite the fact that the investors are losing hope in the crypto market, which is also fueled by the recent crypto crash, Fraser believes that the price will gradually convalesce towards the completion of the present year.
On September 18, the crypto market has seen Bitcoin and other major digital currencies recovering some of the losses incurred on its previous day. The world’s largest cryptocurrency, Bitcoin, which closed at $6,213.46 on September 17, had a little rise to $6,334.42. Whereas, today on September 21, the price of Bitcoin stands at $6,707.21.
The co-founder of blockchain protocol Origin opined that the cryptocurrency will have its rise due to the growth in the technology sector during the end of 2018. While having a constant gaze on the market, he believes that the present market plight will not make it blunt or restrict its possibilities of growth.
Based on his findings, there is a constant paradigm shift towards the development of the DLT technology and digital currency sphere. To him, this is very important and a notable example of the future prospect in the world of digital currencies.
On the other hand, the eyes of crypto aficionados and experts are all looking forward to the launch of Bakkt firm that is slated to be in operation in November. Apart from Fraser’s prediction, the impending arrival of Bakkt is one more major sign of the corporates in the world of digital currencies. The company has already ventured into multiple partnerships with the globally renowned brands like Microsoft, Starbucks, and JP Morgan, as reported by News BTC.
The declaration of XRapid from the house of US-based blockchain startup Ripple is another example that cryptocurrency is gradually surging. Not only the corporates are showing interests, but even the institutions are also showing in the world of digital currency knowing its overall potential to highly inflate in the future.
Stay tuned for the more news on cryptocurrency prices.
The post Cryptocurrency Prices Will Convalesce Despite Investors’ Low Market Confidence appeared first on OWLT Market.
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