Crptocurrency market is very down historically. At the end of 2017 the market was a huge pump and after a couple of weeks, the crypto market eventually down. Thousands of investors are very much disappointed at this crucial situation of the crypto market. Recently the biggest question for the crypto lovers is when the market can recover.As you know crashing is now new in the crypto market.It has been happening since the starting of cryptocurrency. Now need to know the reasons and tell need to know the probable time of market recovery. I have researched some point and discussing the crash and the recovery.
However, I am discussing the main reasons for crashing into the crypto market that is as follow:
Many ICO scams: ICO stands for initial coin offering which is one of the biggest issues of crashing the crypto market. Most of the ICOs especially the lending ICOS was a scam. After raising their fund, they quit the project and close the ICO websites.
Bitconnect Ponzi Scam & stopped lending platform: Since the starting the lending platform there was a lot of negative sites of this coin. Most of the persons had been saying that BCC was a ponzi scam. After probably 1 year they stopped the lending platform and crypto market lost the biggest market cap and eventually market down and crashing.
Media FUD(Fear Uncertainty Doubt): Media is the biggest influence in the crypto market. Some media make video pr blog against crypto to take benefits after making down the crypto market.
4.Facebook Banned Crypto Ads: After banning the crypto ads by Facebook, the market was biggest down. As we know facebook eventually 3 billion people to advertise the market and gain big investors to attract the crypto market.
5.Youtube &Google Banned crypto Ads: Following the facebook, google, and YouTube going to ban the crypto related ads.This is another biggest reasons ever.
I hope these are one of the biggest reasons to crash in crypto market although there are some other reasons but those are not much more effected to crash the crypto market
When Market Can Recover: I am giving some points when the market can recover that are as follow:
The market is at bottom I hope. From this position market may not down according to my analysis. The recovery can start from this month .As all FUDs are complete. There is not much more negative effects and news now a days. The biggest recovery can happen from June this year. At the end of 2018,I hope market will reach minimum goes 2-3 trillion dollar and top 100 coin in coin market cap may reach 50X from the present value
Disclaimer: I am not a financial adviser. This is completely my personal research and thinks. Before investing money in crypto market, research by yourself .I am not responsible for your any lose. As crypto market is a high risk, don’t invest the money that you cannot afford.