Timothy Enneking: "The bear market is ending."

in #busy6 years ago

CAMCrypto30 has dropped by 69 percent since January

Founded in the past year and with a product portfolio worth around $ 20 million, CACrypto's own cryptographic revenue has dropped by 69 percent since January's high level. Timothy Enneking stated that there are 4 reasons for this fall.

Timothy Enneking: "It's inevitable that there will be a serious correction at prices."

Timothy Enneking says prices are inevitable for a serious fix. Also, the uncertainties associated with legal regulations emphasize that crypto-money enterprises are selling crypto assets in order to pay salaries, and that uncontrollable expenditures affect the market's decline.

Due to recent regulations, investors are more cautious

Timothy Enneking says investors are more cautious because of recent regulations. In addition, Timothy Enneking points out that the profits of the 2017 market are translating into cash and the uncertainties in regulation are important factors affecting the market. Timothy Enneking demonstrates, for example, that the SEC will give some of its ICO projects to the court. Thousands of officially confirmed investigations continue, but it remains unclear what the SEC is looking for.

Timothy Enneking: "These factors have already been priced in the crypto money market."

Timothy Enneking emphasizes that these factors are already priced in the crypto money market. Timothy Enneking also notes that Bitcoin's share in the total crypto money market fell from 45.7 percent to 44.3 percent in about 4 months. Timothy Hecking says this is the case with the declines. At the same time, this shows that the crypto currencies, which are a good team and community behind them, are now too much affecting the market.

Timothy Enneking: "The bear market for crypto money is about to expire."

While Timothy Hecking does not comment on what declining correlation means, the quality of individual crypto money is beginning to have a greater influence on market prices. Timothy Hecking concludes that the combination of these factors shows that the bear market for crypto money is about to run out and that the market will start to recover soon.

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 62007.73
ETH 2389.39
USDT 1.00
SBD 2.49