It is not the best time to make bold Bitcoin predictions. The market is undergoing a massive correction as of right now. Until things pick up again, we will see further declines in the coming days and weeks. Despite this current trend, DeVere is confident their app will be successful. It is a new application which hosts bold cryptocurrency price predictions. The focus is not just on Bitcoin, but also Ethereum and other competitors.
A lot of people have grown interested in Bitcoin and other cryptocurrencies. After last years crazy run, that is not entirely surprising. Unfortunately, the trend has been broken in a significant manner. Bitcoin has reached its lowest value in over three months today. It seems the correction is not over just yet, mind you. There are even bigger losses on the horizon, by the look of things. Even so, there is still plenty of positive excitement in the market as well.
DeVere has a Cryptocurrency Application
DeVere claims the Bitcoin price will easily recover 50% in the next 12 months. A bold prediction that may not come true, for all we know. Interested parties can find more of these predictions in the company’s new application. More specifically, it is a cryptocurrency app with the sole purpose of making bold predictions. Whether any of these guesses are accurate, remains to be seen though. Cryptocurrency is a highly unpredictable market first and foremost.
DeVere Group CEO Nigel Green comments:
“Bitcoin – the world’s highest profile and largest by market-cap cryptocurrency – slumped by 30 per cent last week. There’s increasing scrutiny of the market by governments around the world, plus enhanced regulation. Therefore, it is perhaps unsurprising that some have questioned the timing of the official launch of deVere Crypto. However, demand for cryptocurrencies is set to skyrocket in 2018 as more people get to know about them and use them, and as the interest of governments and businesses, and more regulation, demonstrate how the market is maturing and becoming ever-more mainstream.”
The volatility of Bitcoin and other cryptocurrencies has always been a big problem, That situation won’t change by any means. Financial tools are inherently volatile by nature. It is only normal these fluctuations will result in some solid gains and losses accordingly. With this app and its predictions, DeVere hopes to make a powerful impact. Whether or not that will be the case, is anybody’s guess right now.
Header image courtesy of Shutterstock