CRYPTOCURRENCIES by Naeem Aslam


FX


Cryptocurrency Bull Run Could Be Kicking Off


Major fundamentals are changing in the crypto space. A serious bull momentum could be building up again. Ether’s price seems to be preparing for the next wave against the US dollar.


Here we are, September has come to an end and a very interesting quarter is about to start. Does it remind you of anything? Oh yes! it reminds me of last year’s bull rally. Something which we experienced in the crypto- market. It appears that a similar momentum could be building up again, this must be music to the ears to those who are suffering


from heavy losses in the crypto market.


Ether upward move


Out of the top five coins as shown on market cap, there is one currency which has been beaten down the most this year which in my opinion is Ether. The cryptocurrency has


touched a low of $167 on 12th September, a drop which has not been witnessed since the month of last year in July 2017. At the moment it is down nearly 75% from it’s all-time peak. However, the good news is the currency has strongly bounced back up from it’s recent low of $167 and as of today, the gains are standing at 39.52%.


FX TRADER MAGAZINE October - December 2018 39


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