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Bitcoin Fundamental Analysis May 2019: Fundamentals stronger than 2017 Surge

Discussion in 'Expert Level' started by Cryptocointrade.com, May 27, 2019.

  1. Cryptocointrade.com

    Cryptocointrade.com Contributor

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    Quick Take;

    1. Data demonstrates that the hash rate and the distribution of the hash rate on the Bitcoin network have significantly improved since the time when all-time highs of bitcoin price were observed.

    2. The on-chain activity of the bitcoin network is approaching record levels while fees remain significantly below levels seen during the previous peak period.

    3. Developments in Bitcoin demonstrate it moving towards being a more scalable and efficient network

    The price of bitcoin underwent a prolonged depreciation in 2018 declining 73% for the year. The price action so far this year has been entirely different with prices already after increasing over 100%.

    Read the complete fundamental analysis of Bitcoin May 2019.
     

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