Whether we’ll ever actually get back to the point where we were at the end of December remains to be seen, and experts on cryptocurrency are currently divided. Some analysts believe that the major crash we saw in the beginning of 2018 was just a minor blip on a continued upward trajectory, while others cite the changing financial scene discussed above as a reason that this “bubble” may soon burst. Which camp is right is anyone’s guess.
So as far as what’s ahead for Bitcoin, Ethereum, and Ripple price goes, it’s difficult to say with any certainty. We can, however, predict with reasonable accuracy what will happen in the next few days. Although we saw a large crash with Bitcoin on Monday – though not nearly to the extent we saw in December – the currency generally seems to be picking up steam and could potentially slowly climb its way back up.
Ethereum also dipped on Monday, but is bouncing back in a major way with a rapid climb over the past few days. Ripple strikes a middle ground between the two, recovering at a moderate pace after Monday’s dip.
Outside of predictions of just a few days, it’s difficult to determine what the future holds and your outlook will depend on which experts you side with. If we continue to see huge growth over the next couple years, an investment now could be worth it. There’s an equal possibility you could lose a significant amount of money, however, making Bitcoin, Ethereum, and Ripple anything but a sure thing. We’ll just have to wait and see whether this is a boom or a bust.
This article has been republished with permission from Value Walk.