Post
Topic
Board Altcoin Discussion
Re: Coronavirus is ravaging a large portion of cryptocurrencies. Is this permanent?
by
suhadi88
on 22/03/2020, 04:39:50 UTC
As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

The government has been working hard to prevent the Corona virus from spreading more broadly. So the government takes a number of policies. Although this policy will have an impact on the global economy. Cryptocurrencies have also been impacted by the Corona virus news.

We believe that this virus is treatable and many people have recovered. So I wouldn't think that this would be permanent. When this virus affects the cryptocurrency and the price plummets. It didn't take long for Bitcoin to bounce back high. And the current price of Bitcoin is $6.274 and this will encourage other coins to continue to grow following Bitcoin.