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RE: Price Volatility into Mainnet Launch Non-Existent - Signs of a Maturing Crypto Market?

in #cryptocurrency6 years ago

I wasn't really expecting much after that run up to $23 at the end of April. There is usually a cooling period after that kind of price action. That was your end of token distribution/pre-mainnet run-up right there. Seems that the market is usually more clever than the masses and so many people were expecting more of a run-up before mainnet launch. I do think it will trend upwards and I expect $35 - $50 by the end of the year. That is a lot more conservative than many fans predict for EOS. But I kind of think most of the market will be mostly sideways for a year or so. Not a popular prediction but that's what I think. Then in a year or two Bitcoin will be at $80K - $100K, ethereum will be between $6K - $8 K and EOS will be at $800 - $1,200.

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I'm of a similar opinion. Would be surprised if we see cryptos substantially higher this year as I think BTC will still be sub 20k come the near year.