Comparison of the Bear Market in 2018 and The Cryptocurrency Market Drawdown in 2022

When a cryptocurrency market sees steady price decreases, it enters a bear market. According to Investopedia, “it often depicts a situation in which securities values decline 20% or more from recent highs amid pervasive pessimism and negative investor sentiment.”

Bear markets can also be related to specific securities or commodities. Bear markets , frequently linked to decreases in an overall market or index, such as the S&P 500. They may also be linked to a financial crisis like a recession.

Investopedia claims that the causes can be several. However, in general, variables like a poor or declining economy, pandemics, war, or burst market bubbles can be an influence.

Is This Your First Time Facing A Bear Market

This article examines what happened during the previous bear market in 2018 and what is happening during the present crypto crisis. Learn about the main distinctions and what you could anticipate during current market collapse.

Price of Bitcoin During Bear Markets

Cryptocurrency market
Cryptocurrency market

A value of $19.1K was the all-time high (ATH) for Bitcoin in December 2017. It plummeted during the course of the following year, reaching a low of $3.2K, or a maximum drawdown of 83%.

From its 2021 ATH, #Bitcoin has currently dropped by 73%. It might drop as low as $11.4K if the drawdown is similar to what was experienced in 2017. To replicate the 18-month bear market experienced in 2018–19, another 11 months of loss may be in store.

Nevertheless, figures from Glassnode show that the current realised price of Bitcoin is $23,340. This represents the average cost per Bitcoin in the supply as of its most recent on-chain transaction. Rarely, and usually near the conclusion of a bear market, does the price of bitcoin go below this level.

Bitcoin’s Actual Price

Cryptocurrency market
Cryptocurrency market

BTC is currently selling at a discount of about 11% to its realized price, or $20,700. It’s also trading at a similar discount to what it would normally cost to mine. This can be interpreted as a sign that the bottom is not too far away.

Cryptocurrency market
Cryptocurrency market

The MVRV Z-score for Bitcoin, which measures the discrepancy between market value and realized value, indicates that the cryptocurrency is currently undervalued. However it did hit far lower levels in 2018 and 2020.

Cryptocurrency market
Cryptocurrency market

Between the 2017 and 2021 peaks, the number of daily active Bitcoin addresses climbed by around 10%, going from 966,701 in December 2021 to 1.041 million in April 2021. Comparatively, throughout the same time period, the market cap of Bitcoin rose by 300%.

The total number of Bitcoin addresses nearly tripled during this time, going from 354 million to 976.5 million. While the number of daily active addresses only climbed by 10%. Current rise in the number of active and total Bitcoin addresses has helped the network as a whole . It become more frequently used and transacted in this market cycle as opposed to 2017.

The average daily volume of bitcoin is currently close to $5–6 billion, up from $0.8–0.9 billion in 2017.

Price of Ethereum in Bear Markets
Cryptocurrency market
Cryptocurrency market

In the recent bear market, Ethereum performed far worse than Bitcoin. Between January and December 2018, $ETH experienced a 93.8% decrease, falling from an ATH of $1,396 to a low of $86.54.

Ether has dropped from $4,812 to $896 during the past 7 months. It represented an 81% decline from its all-time high (ATH) in 2021.

Cryptocurrency market
Cryptocurrency market

Despite the fact that Ethereum’s value increased by 244% between its 2018 and 2021 ATHs, the total value locked (TVL) in decentralised finance (DeFi) shot up to $66.7 billion in the wake of the introduction of DeFi apps on Ethereum like Uniswap, Compound, Synthetix, and Yearn (and reaching $184.5 billion at its peak), where the majority of activity is focused on the Ethereum network. The overall number of tokens listed increased throughout this time, going from 1,359 to almost 20,000.

Ether might drop as low as $292 if it replicates the 93.8% dip it experienced during the 2018 bear market. For comparison, that would mean a further 67% decline from its present all-time low of $896.11.

Bear Market Token List
Cryptocurrency market
Cryptocurrency market

It should be emphasized that over half of the top 10 crypto tokens by market cap in 2017 failed to regain their former glory, despite the belief of current investors that DCA-ing into some or all of the top 10 cryptocurrencies will best balance risk.

As a result of their declines, Bitcoin Cash (BCH), NEM, Stellar (XLM), and IOTA (MIOTA) no longer occupy a spot among the top 10. BCH (previously rank 4), NEM (formerly rank 6, now rank 102), XLM (previously rank 9, now rank 24), and MIOTA (previously rank 10, now rank 63).

In spite of experiencing a sizable rebound from their ATLs, all four of these cryptocurrencies failed to surpass their 2017 ATHs during the 2021 bull run.

Predicting precisely how a bear market would unfold is never easy, especially given the uncertain macroeconomic environment of today. It is generally understood. However, that those who act well now will stand to gain the most if/when the market recovers.

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Future of Beldex Coin

Beldex Coin introduced in July 2019 and based on cutting-edge hybrid digital decentralised technology with increased liquidity and private transactions. Beldex is the first cryptocurrency exchange platform that complies with Shariah. the Beldex coin is one of the fastest growing crypto coins today and future of beldex Coin remains question to many investors and here are few information on what does future holds.

Shariah abides by Muslim-dominated law, which forbids projects involving gambling, alcohol, tobacco, unjustifiably high interest rates, theatrical services, and financial pyramids. The objective behind introducing this notion into the blockchain market is to introduce a privacy coin that can assist users in avoiding scams and unlawful trade.

The Bahrain Central Bank has formally recognised the Estonia-based Sharia initiative. BDX currently mined using Proof of Work, however they will shortly switch to Proof of Stake. In order to increase privacy features like ViewKey that ZEC took from Monero, Beldex Blockchain also added Dash’s PrivateSend privacy protocol. Network is also working on its own customizable privacy technologies.

What is Beldex Trading?

Exchange platforms give us several reasons to hold on to BDX cryptocurrency because of their use of conditional transactions and untraceable roots in its main features. In the trading division, it provides reduced exchange fees, on-chain voting freedom, market access, increased referral programme commissions, first access to new items, network purchases of goods and services, and innovation-influencing innovation.

According to the report, Beldex focuses more on Islamic traders globally since Shirah has more than 1.8 billion fans and four digital assets with a market cap of $200 million. There are 6 coins available for trading on the exchange platform, including BDX, which purchased with BTC or USDT.

Different Muslim words developed to characterise Bitcoin since, according to most religions, it is Halal (lawful), which is advantageous for Muslim finance. Dr. Ziyaad Mahomed proposed this idea to encourage students to learn more about Islamic finance. They also said that cryptocurrencies should acknowledged and recognised as a legitimate form of money.

Technical Foundations for Beldex

Because of Monero’s superior CryptoNote Protocol, which makes use of RingCt, Stealth addresses, and ring Signatures, Beldex uses its source code. Master nodes are necessary for the network’s functionality and scalability since they enable block rewards from each block, which allow for daily earnings of over 123 BDX coins and a yearly block reward offer of 46K BDX coins.

Listing Achievement

As they already listed on other other exchange platforms, like BTC Aplha and STEX, Beldex is currently distributing its wigs in various Asian nations, including Hong Kong, Singapore, and Malaysia. It ranks as the 223rd largest digital currency as of today, with a total market valuation of $47 million USD.

Future of Beldex Coin
Future of Beldex Coin
Analyses of Beldex Coin Prices

Beldex recently went public on the Gate exchange, but market volume is still trending lower. At its height, Beldex was able to rank among the top 200 cryptocurrency projects, but as of current now, it isn’t even among the top 2000 by market cap volume. Given that the token has been published on an exchange, a similar pattern can be observed with the BDX price oscillating within a defined band of $0.057 to $0.12 USD.

BDX reached a high of $0.17 USD in 2021, yet the project is still losing a significant amount of market share. Beldex was listed as one of the top 400 cryptocurrency projects in 2020. As the defi trend began to lose steam, Beldex likewise dropped to the top 2000 list and is currently in danger of dropping to the top 3000 list.

Future of Beldex Coin

The Beldex coin was on the verge of resetting its all-time high price in January 2020, but fell just short because the price has since begun to decline. As $0.067 is the price that has been held the longest in the price history graph, Beldex ROI is still below zero. As there are very little chances of regaining this figure until Q4 2020, the earliest Beldex can do so is in December 2020. However, before then, they must demonstrate that they have achieved their average figure. Therefore, if we compare the price of $0.11 to today’s price of $0.048 USD, the expected growth required will be equal to 40.

Beldex is turning bullish in March 2020, rising by 23% in just 5 days, from $0.039 USD to $0.048 USD.

In a recent interview, CEO Kim Hallend declared that he will introduce several new significant currencies to the market, provided that they complied with all applicable laws. He also vowed to offer the bonus and rewards that he had promised. They must adhere to their plan in order to expand in the future and possibly rank among the top 200 coins according to market valuation.

What Does Future of Beldex Coin?

Transactional confidentiality. individual ecosystem. real financial independence

A private ecology is the future of Beldex, allowing you to go about your daily business. We truly mean it when we say that. You can text a friend without worrying about someone else listening in on your conversation. Online searches are possible without being followed around by advertising. You will be free to fully maintain your anonymity. Through cryptographic protocols that obscure the information of the actors, Beldex anonymizes transactions.

Goodbye to telemarketers and internet adverts that follow your online activity; nobody needs to know what you spend your money on. Giving people back control and enabling them to make financial decisions without being watched is another major benefit of anonymizing transactions.

The ability to transact peer-to-peer with virtually any cryptocurrency does not, however, guarantee that your transactions are completely private. Typically, the metadata that goes with your transactions exposes information enabling blockchain research companies to follow your expenditure, like time stamps.

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