The first half of 2018 was a disappointing time for investors. Cryptocurrency market The market loses about 70% compared to the end of 2017, creating anxiety about the future of digital assets. For this article, I will talk about why I think this market is in an excellent technical position now.
Why Are We Here?
The enthusiasm that drives market value has increased since 2017, due to several factors. In Cryptocurrency, there are some weaknesses. Major hacking and thefts have shown security weaknesses in many places, and the underlying infrastructure is another problem that could pose a severe threat.
Second, the increase in market value. (With a cost of over $ 800 billion by the end of 2017), governments around the world have begun to address regulatory issues.
There have been many important steps taken, especially from countries such as the US, South Korea and Japan with the market.
Because of the market cryptocurrency Now in the downturn. Estimates for the next few months may be better. Concerns about regulatory control are beginning to disappear, and when we have laws that relate to Cryptocurrency positive impacts will start to appear.
One of the positive impacts is that the number of corporate investors will increase. Financial firms are still observing this market because they have no legal and high volatility laws. If both problems are resolved, funds from organisations are beginning to flow into the market and support the value of Cryptocurrency. When this happens, it is highly possible that the major currencies are now popular among corporate investors.
Investors who trade in Bitcoin, Ethereum and other dominant cryptocurrencies such as EOS have a high chance of success as they are widely known.
We should not overlook small companies, especially companies with innovative business models such as TRYBE. The market was like this back in 2014 and now look where we are. It seems like we might have a great 2019 to come.