Will Consensus 2018 make crypto market rebound?
An important event took place in the crypto market several weeks ago. Consensus 2018, the fourth annual blockchain technology summit, was held at the New York Hilton Midtown from May 14 to May 16.
The summit featured 250+ speakers and 4,000+ attendees including politicians, entrepreneurs, enterprise tech leaders, contributors, representatives of financial institutions, and others. This meeting significantly outnumbered the last year’s one, in which 125+ speakers and about 2,700 attendees took part. This year, the summit brought together in one place, well-known companies such as Microsoft, IBM, Proctor and Gamble, Siemens, CME Ventures, Citi, Scotiabank, KPMG, PWC, and many others.
Market participants put high hopes on this event amid the declining market for cryptocurrencies. The figures below show how Bitcoin and Top-30 altcoins changed over last week and last month.
Experts and stakeholders expect the summit to bring the last year’s rally to the cryptocurrency market. During Consensus 2017, the cryptocurrency market cap up 27%. It was a huge breakthrough. For comparison, this indicator grew by just 2.7% during Consensus 2016.
Some experts believe that Bitcoin reached USD 2,000 exchange rate mark in last May thanks to this conference. In particular, the exchange rate boosted when mass media turned attention to the largest global cryptocurrency.
Considering the fact that the cryptocurrency market up 10-fold in percentage terms during the summit from 2016 to 2017, it may happen in 2018, too. If so, the cryptocurrency market will grow by 270% to USD 1.053 trillion in several days with the current USD 390 billion cap. It will be cool, won’t it?
As for our Noah Coin, the CoinMarketCap data shows that it has grown after the slight drop several weeks ago. As of May 18, Noah Coin cost is USD 0.007861 (up 1.81% over the last 24 hours). We’d like to remind you that the crypto market is highly volatile. Cryptos always goes up and down and we must learn one simple truth: what increases, will reduce one day. And, vice versa, what drops, will go up. Therefore, like bulls and bears, we should just accept this situation and try to take advantage of it, especially as the changes are fast approaching. When the price reduces, you can always have an eye at the chance to buy Noah Coins at a low price.
While experts and traders are waiting for the results of Consensus 2018, we continue believing in our Noah Coin. It has all the preconditions to engage people’s attention because it is part of a range of promising and interesting projects.
One of the main benefits of Noah Coin will be appreciated by Overseas Filipino Workers who work overseas to earn money for their families. They have to pay huge remittance fees when sending their money home. Noah Coin will significantly cut these fees and help OFWs to solve this problem. Money transfers will become convenient and easy, thanks to the Noah crypto wallet that is available free of charge on iOS, Android, and Web platforms.
Besides, Noah Coin holders will get an access to the first Crypto City, where they will be able to spend their tokens in various shops, hotels, restaurants, etc. They will be provided with a great number of discounts, loyalty programs, and special privileges. This crypto paradise will be built in the City of Manila and open the gates for customers, merchants, business persons, and traders.
Moreover, Noah Coin holders will be able to have a rest from the city vanity and immerse themselves in a sea filled enjoyment offered by the Noah Resort located in Zamboanga del Norte. The visitors of Dakak Beach Resort will be able to use their Noah Coins in all the parts of the resort and receive various discounts and gifts.