Juniper Research Report Suggests the Entire Cryptocurrency Market is Near ‘Implosion’

Juniper Research Report Suggests the Entire Cryptocurrency Market is Near ‘Implosion’
фото показано с : bitcoinist.com

2018-10-10 08:00

Bitcoin and the entire cryptocurrency market could be on its last legs according to researchers from Juniper Research.

The End is Near

A recent study by Juniper Research titled, The Future of Cryptocurrency: Bitcoin & Altcoin Trends & Challenges 2018-2023, warns that the current technical setup of the entire cryptocurrency market indicates the possibility of a total market implosion.

According to the study, daily Bitcoin (BTC) 00 transaction volume fell from 360,000 in late 2017 to just 230,000 daily transactions as of September 2018. At the same time, the value of these daily transactions also fell from $3.7 billion to less than $670 million and the pace of cryptocurrency transactions within the entire market contracted from $1.4 trillion in Q1 of 2017 to less than $1.7 trillion for the entire year.

Wait for it… it Gets Worse

Researchers went even further by suggesting that “based on activity during the first half of Q3, Juniper estimates a further 47 percent quarter-on-quarter drop in transaction values.” The report also noted that the cryptocurrency market failed to rally amongst tense geopolitical events such as the U.S. – China trade war and Brexit-related issues.

While handfuls of well-known analysts, hedge fund managers, and venture capitalists are bullishly forecasting a bitcoin and altcoin trend reversal, Juniper referenced the unorthodox “operating practices of many exchanges,” as well as concerns regarding the “innate valuation of Bitcoin.” The report concluded by saying, “We feel that the industry is on the brink of an implosion.”

Do you think Juniper is on the money with their crypto market prediction? Share your thoughts in the comments below! 

Images courtesy of Bitcoinist archives, Shutterstock.

The post Juniper Research Report Suggests the Entire Cryptocurrency Market is Near ‘Implosion’ appeared first on Bitcoinist.com.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0014226 (-100%)

cryptocurrency market entire research juniper bitcoin implosion

Источник: bitcoinist.com

cryptocurrency market → Результатов: 126


U.S. vs China Battle for Financial Dominance: What’s the Impact on the Cryptocurrency Landscape?

As a seasoned cryptocurrency analyst, it’s clear that the international financial system is at a critical juncture. The geopolitical tensions between the U. S. and China, the rise of CBDCs, and the need for regulation in the crypto market are all factors that could significantly impact the global economy and the crypto market.

2023-6-27 22:00


Фото:

New Token, Metamortals Aims To Overtake Axie Infinity To Lead the P2E Cryptocurrency Market

As the cryptocurrency market widens and more industry players look to improve on existing use cases, the cryptoverse may be due for a shift. As a result, we’re witnessing a rise in an ecosystem where players enjoy the full benefits of the blockchain and crypto world, from staking for high rewards to unlocking higher yields […]

2022-8-19 19:07


Фото:

“Bitcoin Is About To Make Fiat Institutions Like The IMF Obsolete,” Says Market Analysts

The cryptocurrency industry’s growth has drawn a lot of attention, especially in 2021. Commentators in government at the international and national levels have had to express their stance on the industry and in particular, Bitcoin – which is the largest cryptocurrency by market valuation as well as the pioneer cryptocurrency.

2021-9-1 19:12


Фото:

This Indicator Suggests Bitcoin is Slowly Reaching Overheated Levels as Rally Slows

Bitcoin and the entire cryptocurrency market have been caught within a firm uptrend as of late, but it has transformed into consolidation throughout the past couple of days BTC and its smaller counterparts are all trading sideways, with bears trying to gain an edge over bulls as they slowly push the cryptocurrency lower Where the market trends in the near-term should depend largely, if not entirely, on whether or not BTC can surmount $40,000 once […]

2021-1-10 22:00


Фото:

Ethereum’s Bullish Trend May Not Stop It from Seeing a Strong Correction: Analyst

Ethereum and the entire cryptocurrency market have been facing some immense turbulence throughout the past few days and weeks The selling pressure seen by the cryptocurrency within the upper-$600 region has been quite intense, and may cause it to face continued weakness One trader is now noting that where the market trends next will depend mostly, or entirely, on Bitcoin He notes note that he is looking for ETH to see a strong correction over […]

2020-12-23 01:00


Altcoins Pumping on Cryptocurrency Exchange Listing Brings Back Memories Of Bull Market

You can’t teach an old dog new tricks, but apparently, listing an older cryptocurrency on a new exchange can bring back memories of the cryptocurrency bull market that once was. An altcoin being listed on Binance has resulted in nearly a 100% intraday pump – something that hasn’t been seen since crypto prices and exuberance […]

2020-6-22 20:30


Фото:

Cryptocurrency News Roundup for March 12, 2020

It’s the textbook example of a market bloodbath — there’s no way to sugarcoat it. Cryptocurrency traders who didn’t get a chance to react had the worst of it. Almost $100 billion was wiped from the market cap over the past 24 hours, with Bitcoin closing 38% in the red and some major altcoins lost […] The post Cryptocurrency News Roundup for March 12, 2020 appeared first on BeInCrypto.

2020-3-13 11:21


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Summer Inside Crypto Winter: Solana Steals The Lead From Ethereum

Solana has been gradually creeping up behind Ethereum even before the crypto winter began. The network had grown in popularity among non-fungible token (NFT) and decentralized finance (DeFi) users who had been fleeing Ethereum due to the high cost of transacting on the network.

Bitcoin Transactions Drop to Lowest Level Since December 2018

Amid the global market rout, Bitcoin transactions have dropped significantly in the past month to levels not seen since December 2018. Bitcoin is seeing a declining hashrate and mining profitability in the past month, but it seems that usage on the network is declining as well.

Bitcoin’s [BTC] projected year-to-day on-chain transaction volume forecast to be more than that of 2018

The cryptocurrency market, at the moment, has broken milestones in 2019 after a significant bull run improved overall prices as well as the total market cap of all crypto-assets. Bitcoin [BTC], the world’s largest cryptocurrency has seen a remarkable resurgence over the past few weeks as it shot up by more than 100 percent in […] The post Bitcoin’s [BTC] projected year-to-day on-chain transaction volume forecast to be more than that of 2018 appeared first on AMBCrypto.