AltIndex: Three reasons why the crypto market is not dead

From ALTINDEX we note that during a period in which the market is extremely bullish and optimistic it is better to sell, and a good opportunity to enter is when the market is too pessimistic, in this kind of moments it is advisable to look for a long position and wait for the next rally

  • Negative sentiment from investors pointing to the imminent end of the bear market
  • Positive development within the Japanese cryptocurrency exchange market
  • The liquidation of Mt. Gox of Bitcoin is postponed for 2019

Given the negative sentiment towards the market of cryptocurrencies by investors, the major correction of the cryptocurrency market will probably hit bottom in the near future, to begin a rebound in the medium term around the third / fourth quarter of this year.

The Japanese government’s move to toughen regulations, clean up the market and legitimize the Japanese cryptocurrency sector is a positive long-term development, as it would prevent large hacking attacks such as the Coincheck security breach and help investors gain confidence. in local exchanges.

During 2018, Mt. Gox sales of tens of thousands of bitcoins led the market to collapse, which prevented BTC from gaining momentum in certain periods.

CNBC’s Kelly emphasized that the delay of the massive sale of bitcoins from Mt. Gox until the beginning of 2019 is an optimistic factor to consider, since an important factor of a potential mass sale in the market has been eliminated, at least half term.

The three mentioned factors could fuel BTC’s next medium-term rally and positive developments in the cryptocurrency markets of Japan and South Korea will allow the market to grow with stability and investor confidence, which will be largely beneficial to long term.

The end of the pre sale is coming

The pre-sale of ALX is about to end, during this period more than 10,000 ALX have been distributed.

With the Altindex wallet, you can track the performance and location of the underlying assets of the autonomous fund in real time, as well as make instant payments and maintain the privacy of your assets. Everything is flowing with the tempos that we established in the roadmap, we are working hard to fulfill it, we can say that we are going full steam ahead.

During this time Altindex has not only been developing the portfolio, the design team is working on a rebranding for the public, which aims to modernize the website and approach it from a more appropriate perspective for the project that is Altindex. On the other hand, the marketing team has generated surprising results in different social networks in an organic manner, which will serve as foundations for the start of the ICO.

In ALTINDEX we note that during a period in which the market is extremely bullish and optimistic it is better to sell, and a good opportunity to enter is when the market is too pessimistic, in this kind of moments it is advisable to look for a long position and wait for the next rally

Artículo patrocinado por ALTINDEX, “Invierte en todo el mercado adquiriendo un sólo token”.

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