Simple Recap of Coinmarketcap & Whats next in the plate?

in #cryptocurrency7 years ago (edited)

Hello Friends i would love to present you all a quick review of Coinmarket trends from 2013 to 2017 and with the help of this you can analyse or predict the future of cryptocurrencies and how investers and traders react to both +ve and -ve news in the crypto space.

1st Big Pump :-
On November 2013 coinmarket experienced uptrend moving from $3.8 billion to $7.8 billion and then soon went back to $5.2 billion for what we call as profit booking or market correction. As it was the first big uptrend where investers tasted the potential of cryptocurrencies & Blockchain

1st wave 2013.jpeg

Bear Market :-
whenever coinmarket experienced an uptrend it has also entered a bear market after...

2. bear market.jpeg

2nd Big pump:-
And the bear market ruled coinmarket from March 2014 to NOVEMBER 2015 and then it experienced 2nd sudden uptrend reached almost exact place as it was on NOVEMBER 2013 as you can see in the picture below

2nd pump nov 2015.jpeg

3rd Big pump :-
In July 2016 coinmarket experienced new all time high starting from $8 billion and touched $15 billion mark in less than a month which lead to massive profit bookings and touched as low as $8 billion and then market continued to move up steadily for next 6 months .

3rd big pump jun 2016.jpeg

4th big pump:-
And soon after successful rally upwards for six months coinmarket experienced new all time high in january 2017 where it touched $23 billion

4th big pump jan 2017.jpeg

The 5th Biggest pump till date:-
Then coinmarket got more stable and steady for next few months and touched record breaking high in July 2017 where it touched $117 billion ( This was Awesome ) :D

5th biggest pump may 2017.jpeg

And as usual market has entered new downtrend, As i am writing my 1st blog as a noob blogger on July 15th 2017 coinmarketcap is around $75 billion which is really good time to invest in Altcoins (make sure you invest in coins which has a real use case and solve the real world problems & good developing team offcourse).

latest.jpeg

I do invest in cryptocurrenices and will continue to do so just because I LOVE the concept of Blockchain and how it can change the world we live in and remove all the friction around us which is mainly created by the greed of religions and politics.

I am very bullish on long term and i believe coinmarket capitalization will reach $200 billion within March 2018 as there is no such negative news surrounding to this downtrend it is just the fear of new investers and day traders who are very concerned about safety of their profits which they have made in recent big successful run and as the clouds of uncertainity clears from their mind make sure you have already invested your fiat money to experience the cryptos shining back again and be the part of THE NEW HOTTEST ALL TIME HIGH as all the investers who have hedge their profits are going to throw back into crypto space again.

please do comment your views on Coinmarket and give a prediction of your Next All Time High.

Sort:  

If Bitcoin's gonna get SegWit implemented after 1st August it would reach 4 or maybe even 5k till the end of the year, that would add another 40B to the whole coinmarketcap :D Btw. nice post @zia-mw , I can see you have spent some time writing it... keep up the good work

thank you buddy :D and & sure we gonna see Bitcoin soaring after SegWit

@zia-mw
Great content!
Thanks for sharing!

Interesting
I will follow you to see your future posts! +UP

Congratulations @zia-mw! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.19
TRX 0.19
JST 0.033
BTC 89248.16
ETH 3020.22
USDT 1.00
SBD 2.81