2019 – a good start for the crypto market so far

If 2017 was the “cryptocurrency heaven”, 2018 was the “hell”. The prices of Bitcoin went from $20,000 per coin in December 2017, to $3,500 in December 2018. Now, the community is wondering what 2019 will bring to the cryptocurrency market, especially when crypto “enthusiasts” like Mike Novogratz are predicting strong bullish trends and cosmic cryptocurrency prices.

It’s the second day of 2019, but the cryptocurrency market seems to be starting off a good trend. Over the last two days, the price of Bitcoin has climbed from around $3,600 to $3,900 per coin, realizing around 7% gain in price.

In addition to Bitcoin, another major alt coin improved its “condition”. Ethereum, which also saw a huge price downfall in 2018, increased from around $143 to $160.

There are some details that most Bitcoin enthusiasts are missing, however. While the price of the crypto decreased with more than 80%, the overall performance of the “people’s currency” may have improved during 2018.

According to the CTO of Casa, Mr. Jameson Lopp, the hash rate, the daily traded volumes, the widespread adoption and the number of reachable nodes have all improved in 2018, even though the price crashed big time.

In addition to Bitcoin and Ethereum, other cryptocurrencies also realized some gains for the past 48 hours. These include Bitcoin Cash and EOS. There is no clarity whether the continuous bear trend will continue in 2019, or the bulls will “rule” again. However, the first two days of 2019 put a smile on many investors’ faces.

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