Crypto’s Next Bull Run is Nearly Here

in #bitcoin6 years ago

Why a Bitcoin and Crypto rally is fast approaching
I agree with many analysts that another crypto bull run is highly likely to occur in November, 2018. There are many reasons for this, some of which you can read in this article.

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BAKKT LAUNCHES IN NOVEMBER
Bakkt is a subsidiary of the New York Stock Exchange (NYSE) owners ICE Markets and is set to go live this November. It will be a digital assets discovery platform including a launch of Bitcoin futures trading that will help boost cryptocurrency trading regulation and mainstream viability.

BITCOIN’S PRICE HAS ACHIEVED STABILITY
Crypto assets and especially Bitcoin are notoriously volatile, constantly going up and down, ever since Bitcoin’s rise of over 3000% in five years. However recently Bitcoin has been more stable, settling in between $6,000 and $7,000.

ICOS REPLACED BY CRYPTO FUNDS IN PART
While ICOs still raise incredible amounts for altcoins and blockchain startups, there’s been a shift in 2018 from these cycles that are more fraud related to crypto funds popping up to support many of the emerging projects. This means regulation and Ad-bans for ICOs are helping the emerging crypto assets sector to be a less dangerous place for investors.

ETHEREUM FUTURES IS COMING
It was already reported that CBOE will launch Ethereum futures “later this year”, which probably amounts to November. Bitcoin Futures had a definitive impact on the crypto singularity of Bitcoin’s late 2017 spike. In fact even major CNBC articles have an impact on Bitcoin’s price. It’s no secret that in 2018 Ethereum has taken more of the spotlight from Bitcoin with more total searches and stories than last year. An Ethereum future’s product further solidifies the mainstream adoption of crypto assets as investing opportunities. Many Millennial and GenZ males prefer crypto assets to traditional stock options.

BITCOIN ETF WILL BE APPROVED SOONER THAN LATER
The saga of SEC approval and regulation is moving very slowly compared to other aspects of blockchain adoption. Crypto assets have made considerable headway in 2018 but a Bitcoin ETF would really be significant and when it happens it should help Bitcoin’s price and stimulate the entire cryptocurrency market.

The SEC’s much-anticipated decision on the first Bitcoin ETFs to be approved by the regulator is likely to have a significant impact on Bitcoin’s price and by proxy the entire cryptocurrencies market.

HISTORICAL CYCLES REALLY MATTER IN BITCOIN
Many financial analysts and crypto pundits have made predictions about Bitcoin’s price range in late year and further into the future. This is also because historically Bitcoin’s price has spiked in Q4 the last few years running.

RIPPLE XRP ADOPTION MEANS WORKING PROOF OF CRYPTOCURRENCY
In September Ripple XRP showed massive gains due to increased integration and adoption among banking consortiums. While certainly not decentralized, Ripple XRP is one of the leaders for an actual working cryptocurrency about to see mass adoption. This of course bodes well for the future of crypto assets and digital assets as a whole as well as cryptocurrencies.

COINBASE IS EXPANDING ITS ALTCOINS
Coinbase is looking into which altcoins to add next and Coinbase’s own custody services are exploring a range of new assets.

SOCIAL MEDIA AD BANS LIFTED
Additionally Facebook, Google and others have become more certified in how cryptocurrency exchanges and blockchain startups can create Ads on their platforms. After an initial whole-scale ban some of the bans have been lifted, showing more widespread adoption and regulation in how crypto will relate to digital advertising in the future. This is a form of regulation that will further protect investors and consumers moving forward.

Conclusion
For these reasons the chances of Bitcoin’s price rising in November and Q4 generally are moderately high. If this does occur, whether and how long the crypto rally will last is another question entirely. However, although we aren’t giving investment advice, it’s clear there are several positive indicators for crypto assets just around the corner and that could alter the entire market in the next two months. Share this article if you agree.

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Hey, I am.!!!

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Ah man i hope your right a whole year waiting for it

Great and most fundamental facts, hope there will be Steem aboard getting higher and higher price

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100% agree with you on this. there will be a good build on this space in the future . there will be a good rally and increase in the entire crypto space, people just have to be patient and HDOL for a longer time. thanks for sharing i am going to upvote , resteem and share to my tweeter on this, sincerely JR of Exciting World cryptos

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Thank you..

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