Many of us are caring about the question whether cryptocurrency will rise or not at the end of 2018 and what kind of cryptocurrency to buy. I would like to share my own judgement to you. It is just my advice.
I think cryptocurrency will rise at the end of 2018 because of the following reasons:
1.The platform Bakkt which is support by Intercontinental Exchange(ICE) will be online on December. Bakkt will offer investors supervision and services. It is a good information because Bakkt will lead more funds into cyptocurrency market. When more investors come into this market, the price will rise.
2.Many traditional financial organizations begin to buy cryptocurrency. More and more companies begin to offer services of blockchain and cryptocurrency. Coinbase is one of them, it offers different kinds of services such as data analyse, trusteeship and operations. I meet many blockchain medias during my daily job, when there are more medias and services, means there are more companies and organizations start the business of blockchain and cryptocurrency.
3.More and more kinds of formal Stablecoin are made. Not only USDT, but also TUSD, Stablecoin will help leading more funds.
4.Some poor quality projects are closed. Suppose the total fiat currency keeps the same, when the number of cryptocurrency reduces, each remaining cryptocurrency will have more funds. People will intensively invest some mainstream kinds of cryptocurrency. And without the poor quality projects, investors will have more confidence in blockchain and cryptocurrency.
5.Not only some ordinary investors, but also some financial organizations hold some cryptocurrency. They may want to sell them to make some money so that they can make a good incoming report. It is just a personal guess, not a logical advice.
As for the candlestick chart, we can pay attention to the price of Bitcoin. If Bitcoin can reach the resistance of $6800 and keep stable at this place, I think it is the rising trend, we can buy some cryptocurrency.
Well, those are my reasons for why cryptocurrency will rise at the end of 2018. I recommend the mainstream cryptocurrency such as Bitcoin, EOS. It is wise to buy them. By the way, I also recommend UlordToken(UT). It is not only because I work there, but also its market-cap is quiet low. Our team decide to do something about this. So I recommend UT. The market-cap of UT is lower than the value made by Ulord technology team. Please have faith in us.
At last, welcome to know more about our Blockchain project: Ulord, which aims to create a new generation of digital resource interaction platform. We welcome developers to build Dapps based on UlordChain and Blockchain fans to share every opinion with us.
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