Coinmarket forecast post China ICO Ban

September 7, 2017 by
crypto forecast september

After the China announcement on ICO ban, Bitcoin along with few other leading alt-coins dropped in value. That’s made the overall market cap of coins down to 150B$. After a bit of recovery in price, Bitcoin is currently trading at 4548$ and Marketcap is 160B$. Now there’s a lot of speculation among the media, with some people going to the extent of saying that this could be the end of Cryptocurrency.

It would be hard to deny that the ICO ban has impacted the value of cryptocurrency and it has mainly affected day trading and short term trading pretty badly. However, to go as far as saying that this is the beginning of the end of Crypto is a stretch. So we did some market analysis and to alleviate some of your fears, we’ve put out some excerpts from the research as a forecast for the month.

Here is what we can expect in coming days of this month.

  • Bitcoin price will stabilize at around 3900-4200$
  • Coin market cap will settle at 160-170B$
  • Altcoins will start growing, expect them to grow on average 20-30% from its current value.
  • Ethereum will be strong by end of this month, October will witness the growth of ethereum.

Read about: https://itsblockchain.com/2017/08/31/ethereum-metropolis-hardfork-and-introduction-of-proof-of-concept/

  • Growth of NEO will be slower and its price will be settled around 25$ by end of the month.
  • Kin and Kyber ico will emerge as biggest ICO of this month.
  • Altcoins which have upcoming announcements will witness good growth in value.
  • Omisego will be in Top 10 coin list in coming days.

For more updates, follow us on Facebook and Twitter

Download IBC Investment Report - Aug'2017

IBC achieved an unprecendented 88% signal accuracy. 
Download
Lets learn this amazing technology with us!
Subscribe To Our Newsletter
Be the first to get latest updates and
exclusive content straight to your email inbox.
Yes, I want to receive updates
No Thanks!
close-link
Join Us
AND GET OUR LATEST CONTENT IN YOUR INBOX

SUBSCRIBE 
Your information will never be shared

Stay Connected With Us!

Get email Cryptocurrency And Blockchain News delivered straight to your inbox!

Lets learn this amazing technology with us.
SUBSCRIBE
close-link

Download IBC Investment Report - Aug'2017

IBC achieved an unprecendented 88% signal accuracy. 
Download
close-link

Pin It on Pinterest

Share This