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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.
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