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Its Looking Rough - Monthly Cryptocurrency Outlook (Bitcoin & Ethereum) | July 30, 2019

The 'Altcoin Winter' looks to continue in the Bitcoin market. We did a quick scan on the price charts today and noticed that many altcoins are looking weak against Bitcoin. The month of August looks very bearish for many altcoins. We want you all to be prepared for the inevitable; many altcoins will go to zero. Not because they are terrible projects/protocols but because there is no demand for them. What is going on right now in the market is the lack of enthusiasm for the many cryptocurrency projects. And with lack of enthusiasm comes lack of funding, demand, and eventually $0. Something dramatic has to occur to revitalize the cryptocurrency space. If it doesn't happen soon then only the major cryptocurrencies will be around (i.e. Top 10 cryptocurrencies according to market cap).

On the other hand, pairs against Ethereum looks marginal to see higher prices. Here are some monthly screenshot of pairs against Ethereum. If you are interested in accumulating Ethereum you may want to look.

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Here is a quick update for the altcoin market. We have been scanning the markets and we are not seeing any strength entering for the altcoin market. I know you may be thinking that we haven't posted