Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.
On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.
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http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correctionDont trust all these predictions, they are never correct. When price shows a little sign of increase you will start seeing them coming in with predictions that price will rise 90%, but if that doesnt happen and you see price falling down instead of going up as they predicted, they will change the topic to telling you that rice will fall 90%. What these people do is just to confuse people and if you keep on with them its going to be a big failure.
Yeah it is right cryptocurrency market is suffering from great correction. The price fluctuates on daily and even hourly basis. But I think it is also good for crypto traders because they can make handsome profits from these corrections. In these days I think the price is quite good and there is nothing wrong with the price. It is according to the market cap and will grow gradually.