Consensus 2018: What it is, and Why Historically we see Pumps in May
Coindesk has been since it’s inception in May 2013 a reputable authority in the Cryptocurrency world. It boasts a readership of roughly 10 million individual users a month. It’s charts and articles are widely sourced all over the web.
It comes as no surprise then that each year after their famous ‘Consensus’ conferences, the prices of many new Cryptocurrencies sky rocket. Last year, we saw the rise of Ethereum amidst calls from its developing team lead by Vitalik Buterin to boycott the conference.
The sheer number of investors who attend the conference is staggering. This year boasts a number of company executives from over 70 countries. With over 2700 global attendees from diverse institutions such as national government agencies, finance, insurance, and healthcare to name a few, the conference promises to shine light on new contenders in the Crypto space.
This year expects to see attendance rise from 2700 to 4000+ atendees. The talks are being sponsored by giants in auditing Deloitte, as well as the successful Crypto company Ledger.
If we follow the trends for the past few years, then we can expect to see more impressive pumps following the talks this year than in previous years. The numbers of attendees has grown, and Crypto is at a historic downturn following the crashes since December.
There are many undervalued crypto companies looking to attract new investors. Some of these companies are undervalued compared to their January peak prices, whilst others are completely undervalued. Companies with working products that fall short of the top 100 should expect to see the largest increases in market cap.
We suggest you take care to look at some 3-6 month charts, and pay attention to releases during this May 14th-16th period. The lower ranked the coin, the less susceptible it is to pump & dump and sell the news type schemes.