In the past few months, Crypto Traders have been very disappointed with the decline in the price of the majority of crypto coins. This includes BitShares (BTS) whose prices dropped from $ 0.87 USD to around $ 0.12 USD. and this is a very large price reduction of 86%. If you are a trader or investor holding BitShares (BTS) coins from January 4 to early April this year, he will make a total loss if they decide to sell coins during that period. BTS is one of the worst affected coins by the loss of money that occurred on the crypto market during Q1, 2018.
But since the beginning of April, the BitShares token has begun to be appreciated again. Because the price rises, the target is $ 1 USD at the end of Q2, 2018. In April alone crypto coins have been valued at 198%, which is a big step in a short period of time. If this momentum is maintained, it will take 4 months for the value of coins to $ 1.
What causes a sudden increase?
Traders must be wondering what caused the crypto coin to turn from a bearish trend to a bullish trend.
If we take a brief history of BitShares (BTS), we will realize that the token value has remained below $ 0.01 USD for more than 2 consecutive years. Only after April 2017 when the value began to rise slowly. Then the bullish trend caught momentum in May and lasted until the beginning of June of the same year. After that, prices dropped once again but managed to stay above $ 0.05 USD until mid-October of the same year after prices began to rise again. The peak is in January 2018, when prices pass $ 0.8 USD before falling sharply again for the rest of the year to be slightly below $ 0.15 USD.
Along the way the development team has worked hard to make a difference. For example, the team came up with the address State of the Network (BSotN) where they discussed how the BitShares network had been operating every week. The State of the Network (BSotN) report has helped improve the network so that it attracts more investors.
Is this a good time to buy BitShares (BTS)?
This is the right time to buy BTS tokens before they become unreachable. At the current price, you can get more tokens and sell them after a month at a higher price so you can make a lot of profit.