Bitcoin prices went up close to 10% and market exchanges completed over 25 Billion USD in market trades, making it one of the biggest days of 2019.
COINS THAT MATTER
Ethereum and Ethereum Classic also showed gains ahead of the upcoming Atlantis transition, and since Ethereum is still the dominant altcoin mother, it is still unndervalued by many analysts. Last year when Bitcoin was close to 20k USD in January 2018, and after dropping continuously off and on to it’s low of $3800 in January, you can see there is a clear shift that we have entered a bull-market.
In the last 5 months, the price of BTC has doubled, with yesterday’s buying pushing it to new heights and setting new highs for the year.
There is no doubt that although the industry has grown competitively over the last couple years, there is still room for large-scale growth across all facets of the Blockchain and Altcoins sectors.
Other coins that are providing digital economy and token economy apps, such as Synchrolife, are still largely undervalued when it comes to pricing because of how amazing they are.
Paying 8000 USD for a Bitcoin that does nothing, compared to an SYC token at 1 cent that provides a range of services in the food and token economy industry is a smarter bet according to some day traders.
After a slower than usual market in the early portion of the year when everyone’s profits were destroyed by losses, it is clear that some traders never gave up.
“If everyone would have sold last december, then bought in January, then the markets would be a different story,” said Bucky Beaver.
Take a look at the 2019 YTD PRICE TREND:
Any predictions on price for December 2019?