The collapse of digital currency in 2018 is a normal thing. The overall digital currency market value of last year has increased by several times, but the acceptance of blockchain projects, including the number of users, has increased by dozens of times? No. The bubbles that are blown up by speculation and will naturally break. But it's also a good thing. As more projects sink into their hearts, it means more opportunities in the future. The current blockchain market valuation can not be supported by user adoption, so as speculators enter the market, the price can not be supported, and finally lead to price collapse.
Good news is according to citicoins statistics, in the past 24 hours, Bitcoin cash price rose, the BCH market cap rebounded to $9,614,135,418 US dollars, indicating that the mainstream currency rose, the market sentiment continued to recover. Although the mainstream currency led by BCH has broken through the medium-term shock zone, although it has already opened up the upside, the main driving force of the current rise is more speculative behavior, and the short-term need to pay attention to the risk of withdrawal.