The answer is of course the cryptocurrency, and the cryptocurrency market is now hot. The rise of blockchain technology, the emergence of various projects, the choice of investment, and the profit gained are the best choices for the current investment market.
You may not be able to imagine that there was no cryptocurrency a decade ago, but in a few short years, cryptocurrencies have grown wildly like weeds in rice fields. But given the rapid development of the cryptocurrency market, this bear market, which lasts for several months, is obviously not a temporary crash. This is a huge adjustment, so it is said that the cryptocurrency is now a rising era. If you catch up, this is undoubtedly a huge asset.
In terms of market capitalization, Bitcoin is still the largest cryptocurrency, still ahead of the market, with a total value of approximately US$137 billion. Most other cryptocurrencies will change as the price of Bitcoin changes, when Bitcoin collapses. At the time, other cryptocurrencies were not spared. For example, in January 2014, when Bitcoin plunged, some Altcoins such as Bitbase (BTBC) and Quoteent (XQN) could not avoid falling. This downturn lasted for almost a year.
We consulted a number of experts on the price of cryptocurrencies and their instability. The following is their sharing of views on the future of the cryptocurrency market.
1. Proper supervision
Nikolay Storonsky is the CEO of digital bank Revolut and he holds a positive attitude towards the regulation of cryptocurrency. "Consumers need protection, and if the cryptocurrency is adopted on a large scale, the market needs to improve." Charles Hayter, CEO of CryptoCompare, a cryptocurrency comparison platform, agrees. He believes that most of the recently introduced regulatory measures are positive and effective, and will bring strict supervision and long-term stability.
2. Make the project more stable through ICO
Laws and regulations may contribute to the long-term stability of the market, but it is not enough to push the market forward, but good signs have already emerged. Billions of dollars of funds have been raised through ICO. Some Altcoins, such as Hyper (HYPER), countless companies, have seen hope, regardless of the size of the company. The ecosystem of valuable blockchain applications and sound supervision together sounds good, but it won't happen overnight. There are indications that the cryptocurrency market will usher in positive shocks in the near future. From the perspective of investors, Bitcoin and other cryptocurrencies provide a good investment option.
However, insiders in the cryptocurrency market still believe that this new asset has great potential, and the fluctuation is only temporary. All three of the above interviewed experts are optimistic about the long-term prospects of the cryptocurrency market. Cerszt even believes that we are out of the woods.
For now, it is difficult to judge how the market will fluctuate, and it is hard to say when market sentiment will change. But in fact, the situation may have improved. However, perhaps, investors do not need to worry about the short-term fluctuations of Bitcoin price. Technology is more worthy of attention.