Sign up to gain access to our free alerts service. Set price or indicator alerts for any cryptocurrency Sign up · Login

Top Cryptos by marketcap trading on year to date lows. Buy Buy Buy?

Monday, September 10, 2018 at 9:22pm

2018 has been a volatile year for cryptocurrency prices, while $15 million USD has poured into the initial coin offering market, 3 times larger then 2017 and the Chicago Stock Exchange (CHX) sold to Intercontinental Exchange (ICE) for $70 million. This sale price was 2.5x more then a U.S. government blocked deal to sell the CHX to a U.S. / Chinese group of investors.  ICE is an investor in Coinbase and has plans to launch Bakkt, a US federally regulated market for bitcoin. In addition to the money flow many large custodial banks such as Northern Trust and Goldman Sachs have committed to setting up cryptocurrency operations.  The financial industry seams to be re-tooling to support solutions for investors. All of these positives while the prices of cryptocurrencies are down and continuing to fall into September.

 

Bitcoin is trading at $6,300, off its high in January 2018 above $17,000

Ethereum has been hit even harder trading below $200 off its January 2018 highs above $1,200

Ripple currently trades at 10% ($0.25) of its value in January 2018

The CoinOpinions Top 10 Average Index shows the market is down over 50% since its inception and making new lows.

 

top 10 markets.png

 

Will investment continue to be placed into ICOs with prices performing as poorly as they have?

What will be the next catalyst for cryptocurrencies to start bringing holders return on their investment?