JOIN OUR MAILING LIST
Assessments / Blog
Since the beginning of the year, there was no bar closes below $13000 and price made a high at $17234. Our target was set at $20569. This target was not reached as rumours that South Korea will ban Crypto’ s led to a sell off the past week or so. We still believe that this target will be hit in the first quarter of 2018 if the $13000 level holds. Russia has made statements that Crypto’ s will be allowed as long as it is regulated and even mentioned that they could start their own Crypto currency. Regulation will benefit and protect all in the industry. It is just a matter of rolling out the requirements which will naturally take some time.
New IPO https://quantum1net.com/
Quantumnet1 is an exciting project taking on the gigantic task of developing and implementing quantum computing for blockchain technology. The IPO starts in February 2018 with various phases. As we see all the new applications of blockchain technology and the projected growth in this area, quantum computing will be the ideal solution in handling the ever growing computer power needed for this technology to make it even safer and speed up the encryption processes. If Quantumnet1 can pull off this project it will be a “sitter”.
It will be no surprise if the majority of banks will be converted to use blockchain technology in the next 3 years.
Ethereum has risen exponentially the past week to the $1400-mark yesterday and is pulling back at the moment. Our projection is around 0.11 ETH for a Bitcoin to at least the 0.618 extension of the recent pullback.
The information delivered here is for educational purposes only and is not intended to be a recommendation to purchase or sell any of the stocks, futures or other securities referenced. All references are for illustrative purposes only and are not considered endorsed or recommended for purchase or sale by MC Trading.
Trading Forex, Stocks and Options, Futures and any Cryptocurrency, Commodity or ETF contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results and no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. MCTrading has taken reasonable measures to ensure the accuracy of the information contained herein and on this website, however MCTrading does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or from an inability to access such information or any delay in or failure of the transmission or receipt of any instruction or notification in connection therewith.