These are my predictions for the next 3-4 months.
BITCOIN needs to bottom out and shake off all the weak hands, were almost there but not quite.
Ethereum is a young unregulated project, which a few people took advantage of by building scam coins on and in return ruining it for all the REAL projects on the platform. Once these scams are deflated and they all go to zero or get shut down by the government, ETH will be used by real world companies. The SEC is barely getting started cracking down on these ICO's.
What are you thoughts?
The market is following the path with BTC due to that altcoins are facing double digit drops in price this is all happening due to several ICO scams created to loot money of investors as ease of doing business were easy earlier. Now SEC is acting strictly & asking for supports on international levels to tackle this scams, weak hands & scammers are selling their funds & exiting the market. Also the SEC have rejected 9 Bitcoin ETFs as the applicants were failed to demonstrate how they can avoid the market frauds & manipulation. This rejection of the Bitcoin ETF also affected the price of the BTC drastically. The MCAD indicators of BTC & ETH is also looking horrible & there is chances that BTC will drop around 1500$ & ETH around 60$ in upcoming days. The market will take longer time to recover & I guess we will have to wait till 2020 to see the growth of cryptomarket like december 2017.