Crypto market wiped 12 billion dollars over the weekend

The crypto market seems to be unable to take a break now. Following the rising momentum that saw the price of bitcoin rising above $ 4.300, prices on the market fell once again. This led BTC to surge just above the $ 4,000 threshold.

Ian McLeod: “the Ethereum will see monetary movement even in 2019.”

Ethereum has lost more than 80% of its value since the beginning of the year. Although many people doubt, the well-known crypto expert Ian McLeod expects ethin to take positive financial action as it passes by 2019. Ian McLeod says::

I expect the Ethereum to reach $ 500 by the end of 2018, and I think we will follow an upward trend in 2019. We expect bitcoin to lose his dominance over Etherum in the next year.

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Krypto market wiped 12 billion dollars over the weekend

Over the past 24 hours, the global crypto money market has lost 12 billion dollars. This drop was seen at the time Bitcoin finally started to lose value before settling at a price point of $ 4.031 during the spelling. Similarly, other top cryptos, such as XLM, BCH, and LTC, have witnessed over 5% losses over the weekend.

CEO of CoinCorner: “no worries, the market will rally again.”

Although the global investor community panicked after the recent crypto attacks, there are those who have seen this area with a broader lens. For example, in an interview recently, the founder and CEO of the crypto currency exchange and the wallet provider Coincornner, Danny Scott, is confident in the market based on statistical information that has been gathered over the past few years. Danny Scott says the market will recover in the next 6 to 12 months.

Not only that, Scott also says that Bitcoin has already died more than 300 times, if today’s so-called financial experts are not credible. Danny Scott says::

We’re not worried about bitcoin’s price drop this month. When we look at the 10-year short history of bitcoin, there are price fluctuations. This is something to be expected considering the sector is still very young. For example, in 2013, we saw price drop by 49.88 percent in just 14 days. This is a bigger drop than we’ve had in the last two weeks.

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