Analysis of Several Mainstream Cryptocurrencies on November and December of 2019

Giselle Giselle
Nov 6 · 5 min read

First, let’s review the development trend of several mainstream cryptocurrency in 2018, news comes from https://www.m8x.com.

Bitcoin:

As can be seen from the above icons, Bitcoin’s prices began to rise in October 2017, and prices continued to rise in November. Although the upper and lower shadow lines are relatively long, this situation generally indicates that prices will stabilize. However, the price continued to rise in December. At this time, only the upper shadow line indicates that the price is restrained more and there will be a downward trend. The price of Bitcoin reached the highest value in December 2017. Since January 2018, the price of Bitcoin has started. Continued to fall, the Bitcoin market is uncertain in 2018, but in February 2019, Bitcoin prices began to pick up, and in mid-2019, Bitcoin prices once again peaked, and Bitcoin prices began in July 2019. It started to go down and is still going down. We found the price raise from 25th December.

So if you have a friend who wants to invest in Bitcoin, the next two months is a good opportunity to start Bitcoin for 2 reasons:

First of all, Bitcoin is a mainstream cryptocurrency, and it can be circulated in many countries such as Germany and Japan, indicating that his value is recognized by the world, and the total amount of Bitcoin is constant, indicating that his value is immeasurable in the future, so Bitcoin can also be used. As a long-term investment.

Secondly, we all know that every time Bitcoin excavates 210,000, it will experience a halving. By calculation, we already know that Bitcoin rewards will be halved again in 2020. After this halving, the number of miners awarded each time. It will be 12.5, which means that the number of Bitcoin will not rise sharply. This is an opportunity for the Bitcoin market. If you want to start Bitcoin at a low price, then the next two months will be a good opportunity. Please keep an eye on Bitcoin market.

ETH:

We still use the chart to say that the Ethereum is better in the Altcoin. Of course, through the chart, we find that the Ethereum price trend is similar to Bitcoin. Ethereum reached the price peak in 2018, the price reached 1100 USD, and then experienced a long time. The price for one year continued to fall. In January 2019, the lowest price went to 109, and then the price was only slightly changed, but the price is expected to reverse in the next month, so I would like to start the opportunity in Ethereum.

EHC:

The Ethereum classic is a fork of Ethereum. Its price trend is very similar to that of Ethereum. Its price continues to rise in 2017. By February 2018, the price peaked (34 USD), and then the price quickly went down to 2019. In January, the price reached a minimum of 3.4 US dollars. After that, the price experienced a slight rebound and then fell again. It is expected that the price will reach the lowest value at the end of October 2019, and the price will gradually rise. Therefore, October will be a good opportunity to start a Ethereum classic.

EOS:

The EOS market trend is roughly the same as that of Bitcoin, Ethereum and Ether Classic. From the above chart, it can be seen that the EOS price in 2017 is also slightly fluctuating. In April 2018, the EOS peaked and the price reached 18.6 USD. Prices continued to fall. By January 2019, prices had fallen to a minimum of 2.2 USD, followed by a rebound, and the price peaked again in June, reaching 7.8 USD, and then fell again. It can be seen that the EOS price change cycle is shorter than the above three currencies, and the prices have changed slightly in the past two years. If it is a short-term investment, it is not recommended.

LTC:

LTC price fluctuations are the closest to Bitcoin. You can refer to Bitcoin investment. However, LTC is likely to have a price reversal point in November. If you want to invest in LTC, it is best to start in October.

XRP:

As can be seen from the above figure, XRP has been falling since December 2017. After the price drop in January 2018, the price has stabilized. The current price fluctuates between 0.2 and 0.5. If short-term investment is required, it is not recommended to start XRP.

Summary:

By analyzing the above mainstream coin, we found that many mainstream cryptocurrency have roughly the same market trend. At that time, the market space was different, and the price difference was also very large. The current market trend is not very good, but Bitcoin and Ethereum will have a future. Large increase in space, long-term investment can be.

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