Cryptocurrency | The factors that cause crypto prices to rise significantly



Last Friday Bitcoin reached its highest record in 2019, which is $ 10,000 for one bitcoin (BTC). This price rose more than 300% at the price earlier this year, on the same day as several other popular cryptos, such as Ethereum (ETH), Ripple (XRP) and Litecoin (LTC), and others experienced significant gains.


Some lay people or maybe most people do not know what makes the price of cryptocurrency increase significantly, along with some analyzes that are alleged to be the cause of a significant increase in crypto prices.


Facebook Cryptocurrency Project (Libra)
Crypto prices began to surge since Facebook released Libra White Paper Coin on June 18, the Libra Project which was pioneered by Facebook and collaborated with several other companies such as MasterCard, PayPal, Visa, Uber, Vodafone, eBay, and others. Coin Libra is designed to be an alternative to fiat, bank transfers, and credit cards and works on social media under the auspices of Facebook such as messenger, Instagram, and Whatsapp, although it is not likely to run on other platforms outside of Facebook.

Crypto FOMO
Peter Brandt, is a graph analyst and crypto trader explaining how millennials contribute to the positive trend of the latest crypto prices. Referring to the Obnoxious Twitter Millennial Index (OTMI), he claimed that the Millennials began investing in this sector because of the presence of FOMO.

Halving Bitcoin in 2020
Another reasonable reason for the increase in crypto prices is the presence of a Bitcoin halving that will be scheduled in 2020, the event of halving bitcoin will increase the crypto price in a sustainable manner.


Halving Bitcoin is highly expected for investors because it will build momentum for crypto and make their existence clearer.

Regardless of whether or not the prediction above, at least the prediction above can help make the future of cryptocurrency better.


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Cryptocurrency | The factors that cause crypto prices to rise significantly Cryptocurrency | The factors that cause crypto prices to rise significantly Reviewed by sheffter on June 26, 2019 Rating: 5

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