Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, Dash: Price Analysis, September 26
A recent report by the Statis Group shows that the volume of cryptocurrency trading will grow at a CAGR of 9 percent until 2028.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
The market data is provided by the HitBTC exchange.
Though cryptocurrencies are stuck in a bear market, it hasn’t managed to scare away investors. A report by the Satis Group predicts digital currency trading volume to grow by over 50 percent in 2019. They also anticipate a compound annual growth rate (CAGR) of about 9 percent all the way until 2028.
Several nations are introducing measures to benefit from the increased adoption of the blockchain technology and crypto trading. Many top players in the crypto space urged the U.S. regulators to come up with clear crypto regulations, the alternative being to lose out to competition.
Similarly, tech giants are warming up to cryptocurrencies. Google has partially reversed its ad ban for cryptocurrency exchanges advertising in the U.S. and Japan. The fundamentals of the sector are improving and investors are likely to jump on the bandwagon once a confirmed bottom is in place.
Let’s identify digital currencies that have completed a bottom formation.