First correction in 2018 caused a large drop in Cryptocurrency World. While the total Crypto market cap was over $830 billion at it’s peak in December, it plunged as far as $280 billion in the first days of February, a huge correction of 66% as a whole. At the time of writing, the market cap is already back at $440 billion, however this still means there is a room for the 88% rise to it’s all time high.
Amid the correction, Ethereum held the price a bit better than the market on average. However, it still dropped, from its peak…
It might, but not so fast, read on.
“In investing, what is comfortable is rarely profitable.” — Robert Arnott
Amid the first correction in 2018, many are wondering what will happen to the Cryptocurrency World in the following months. Bitcoin for example, plunged about 25% year-to-date, while it’s value almost halved since it’s all time high in December, being $10.900 (Bitstamp) at the time of writing.