While the past few weeks have bot very volatile and very rough for the cryptocurrency markets, it shows up that a majority of the investors and market analysts are still positive that there&rsquo,s more ground to be covered te the near future. While naysayers are predicting that cryptocurrencies may soon crash to $0 (including major names such spil Warren Tapkast and Goldman Sachs), there are a number of others who are fairly optimistic.
Latest reports from market analysts point out that cryptocurrency markets are all set to get bullish again. Those certain about thesis predictions are claiming a market cap of $1 Trillion and Bitcoin prices reaching $50,000 before 2018 finishes. This seems like fairly a distant thought at the uur spil Bitcoin, spil of this writing, fights to pauze the $9,000 mark.
Thomas Glucksmann, head of APAC business development at cryptocurrency exchange Gatecoin believes that institutional investors, spil well spil a few other factors would help Bitcoin prices soar te 2018. &ldquo,Enlargening regulatory recognition of cryptocurrency exchanges, the entrance of institutional capital and major technology developments will contribute to the market&rsquo,s rebound and thrust cryptocurrency prices to all fresh highs this year,&rdquo,
Glucksmann believes that Bitcoin prices will soar beyond $50,000 by the end of the year. The technology that he talks about ter the statement above is that of the &lsquo,lightning network&rsquo,. Many other market experts believe te thesis predictions. Jamie Burke, the CEO of Outlier Ventures too, is fairly bullish on this.
&ldquo,Wij believe after February the market will likely go on a bull run comparative if not greater than last year potentially reaching the trillion-dollar mark before a decent crypto winter sets te where the market becomes more focused on zindelijk market fundamentals.&rdquo,
Many cryptocurrency experts also hold the view that it isn&rsquo,t just Bitcoin, but other cryptocurrencies too, which will witness a rise te the price. Most of thesis predictions are for currencies which have a strong technology backing them. This includes the likes of Ethereum and NEO – which are platforms that permit building and running apps on their network.
Mick Sherman, CEO and co-founder of gegevens science company Hercules Tech is certain about the future of ETH, NEO and IOTA cryptocurrencies. &ldquo,Utility tokens and assets with a working toneelpodium and a clear-cut reason for requiring both a blockchain and their own token, are more likely to appreciate te value this year. Some of thesis cryptoassets will not be used for years, meaning they have no utility value.&rdquo,
While there are many who are split inbetween the long-term success of currencies, both sides agree upon one thing – that the currencies which have a strong technology backing them will eventually be here for the long run.
A laptop engineer by education. Have Five years of practice ter web and mobile application architecture vormgeving. And now cryptocurrency and blockchain enthusiast.