Mini Market Update - 15/03/18

The total value of all cryptos is now $316bn, lower than our last dip at the start of Feb and we've now retraced back to early December '17 levels. View this as a second chance; you can now buy ETH at near $600 and LTC at $163. It's a huge discount period. If BTC closes the week at $7.6k which is eerily close to where it is now, then that's the lowest close we've had in months.

One of the most influential advertisers, Google, has banned any advertisements related to cryptocurrencies and ICOs in order to protect their consumers from a fraudulent scheme. The word ICO just has too many negative connotations after 2017 so something has to change. It has become far too easy to raise such vast amounts of capital with no promise/insurance whatsoever.

Binance, already one of the most popular exchanges despite opening for services in May '17, have announced that they're in the process of developing a decentralised exchange. Great news as any investment or time spent on improving decentralised exchanges is positive for us, the consumer.

I still don't think we've hit rock bottom; the markets are lacking fresh inflows of money. Since BTC has dropped under $10k, it has been difficult to attract newcomers and the constant FUD has further exacerbated this.

Price of coins vs BTC in the last 24hrs:

ETH: -1%
LTC: 4.74%
Cardano: -8%
XLM: -7.76%
NEM: -20%