The cryptocurrency market has had a rough year, no doubt. Bitcoin and all the other altcoins in the market have been in the red too long. With the new year commencing, there is a mixed feeling of hope, disappointment and uncertainty.

2018, according to everybody in the cryptocurrency community, has seen probably the most volatile and the most low behaviour ever.

Bitcoin alone has lost 85% of its all-time high that it reached in December 2017. Along with Bitcoin the other coins too are in a drastically reduced value.

As we enter 2019, the cryptocurrency enthusiasts, analysts and blockchain business owners are coming in with their predictions for the year.

Gearing Up For 2019

The cryptocurrency community is gearing up for 2019. While there is hope and trust that the market will pick up over the next couple of months, the community is very divided.

Analysts and enthusiasts are unsure about whether to wait for a recovery or wait for the next bull. Either way the predictions are all over the place.

While some people believe that the cryptocurrency market will make a huge hike and see another bull, others believe that the market will just recover enough to remain profitable to people owning them.

As is with any market, skeptics exist here too. Skeptics in the market and from the outside are pushing forth their “Bitcoin is a bubble” propaganda.

Delay in VanEck SolidX ETF

Another dampener is that the final word on the  VanEck SolidX ETF has been further delayed. After three pushbacks, the SEC has pushed back further to February 2019.

This ETF was something the community was waiting for and looking forward to, but this postponement has been a major reason for people to lose hope.

Either way, as the cryptocurrency market enters the 11th year of its existence, there is knowledge that the market is here to stay. And Bitcoin is currently trading at $3,600 USD.

Read : 2018 – The Year Review

Ramaa Mohan