Cryptocurrencies are more volatile than petroleum products, that being said, is the time up for tokens?
The Blockchain Technology could stay without so many projects being tokenized, this has made many ICOs come and go, the ones that disappointed and the projects that leave through their promises.
Bitcoin price seems to be the ultimate determinant in the crypto-Market place, its price fall brings down all other token prices like a wrecking ball, what factors responsible for market crashing remains a mystery not too many Crypto-analyst and experts could explain.
So why should Bitcoin crash in price A big deal?
Pretty simple, Bitcoin dominates due to being early on the scene and also because it's the only cryptocurrency most people have heard of far and near.
It was impressive when it came out, the early couple of years beforehand it's price skyrocketed, but i think its showing signs of stress now.
Mining is becoming less sustainable and transactions have become slow and expensive, you might end up spending more on those complex computationa(mining).
Other Altcoins tend to offer other features that Bitcoin cannot compete with as it stands e.g Steem, EOS, Gridcoin Andy several more.
Not so long ago Bitcoin was over 80% of the total crypto market in terms of Market Capital and trade volume, but it dropped a whole lot, as people discover that there are alternatives and it may fall in price like it's been doing for months now, and now it's falling more but still bringing other tokens more scalable and promising down along with it. In some ways it's like gold which as always been considered valuable even if it's not that useful!
Will Bitcoin price bottom anytime soon? Still hovering above $3000 and seems like a good price with a lot interest for the earliest adopters right?
Maybe the break is near or far away, $2500 has been constantly predicted as the rock bottom, do you believe that or it's way below that?