Will the crypto market pump during Consensus 2019?

06 May, 2019
Analysis
Will the crypto market pump during Consensus 2019?

Consensus is well known as the annual gathering of the cryptocurrency and blockchain technology world, and one of the more popular cryptocurrency events held by popular news site Coindesk. 

Consensus has in the past been known as one of the events that has a positive effect on the crytpo market. Bitcoin and altcoins normally pump during the event, which sees hundreds of crypto and blockchain projects and fans coming together.

Consensus 2018 was the first real year when no effect from the conference was felt. The event was in fact a non-starter for any sort of crypto rally as prices continued to slide throughout the event and 2018.

The question this year, is will Consensus 2019 have a more positive effect on the market and could we see the beginning of a bull run during or after Consensus 2019?

The three day event is scheduled to commence from 13 May till 15 May, with major sponsors including the likes of Deloitte, eToro, IBM, Microsoft, Tron and Citi Bank to name a few.

The event is said to be one of the biggest in the industry and could potentially be the catalyst for a shift in market sentiment. However, after last tears dismal effects on the market, not many will be holding their breaths for a Consensus pump this time around.

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