Will Consensus Conference Start Another Bull Run?

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Even if Bitcoin’s price fell sharply this year, the annual Consensus conference still contributes to its up-growing value. The cryptocurrency event Consensus conference has opened today, May the 14th in New York and it will last until the 16th of May.

The number of participants was more than two times higher than last year, and I came across information that tickets had been fired up to more than $10,000. Historically, during and after the conference, prices of Bitcoin and altcoins has have a crazy rally.

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In 2015, Bitcoin rose by approximately 23% during the session, and the price went up to 121% two months after the Consensus meeting. In 2016, it rose by about 10% during the meeting and it soared 78% in the two months after. In 2017, it rose by about 69% during the conference and soared 138% in the two months after. Altcoins rose even more, up to incredible 552% during last year! Today’s market is also living up to expectations, and many people are now waiting for a wave of skyrocketing!

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Chart — showing Bitcoin price when Consensus meeting started

Compared with 2017, this conference will pay more attention to issues such as scale and supervision of digital currencies. At the same time, more people expect that this conference can solve the consensus within the circle of cryptocurrencies enthusiasts and will gradually spread out of the circle.

Author: Marko Vidrih

@cryptomarks

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Most writers waste tremendous words to say nothing. I’m not one of them.

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