Cryptocurrency Prediction shows raise of market value to $1 trillion

The current cumulative market cap of all the cryptocurrency is currently is around $ 417 billion. Before the recent downturn, it was around $ 800 billion. Thus, even if the cumulative market cap is able to rise just 25% from the peak, it would be able to hit the valuation of $ 1 trillion.

The main problem in the growth of cryptocurrencies is the regulatory concern. If the regulatory concerns are not tackled soon, the number of traders, as well as investors in cryptocurrencies, would go on decreasing. This is the reason why proper regulatory framework, as well as trading mechanisms, need to be involved.

Many of the governments and authorities all over the world are working on it. However, it is important for the authorities to go ahead and create a framework soon so that the traders are able to easily invest.

Regulating ICO’s:

ICO’s bring in fresh capital to the cryptocurrency marketplace. This is the reason why any regulations on the ICO would not only make the process much more transparent but also make the ICOs much more valuable. Once the ICO’s get the approval, they would be valued higher as they would fulfill all the regulatory requirements as well. This is the reason why once a proper framework is in place, ICO market would be able to add more value to the cryptocurrency space. source: CNBC

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In the meantime, it remains to be seen whether the bottom which currently looks to be in its place is the actual bottom or not. Most of the cryptocurrencies have already bounced sharply from these bottom levels in the last couple of weeks. If the momentum is supportive and the negative news reduces, most of the cryptocurrencies would rise significantly in the near future. This is positive news for most of the cryptocurrency holders as many of them have been trapped since the recent bear market in cryptocurrencies.

Legal Disclaimer: Smartereum does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice. Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is highly risky and speculative, and this article is not a recommendation by Smartereum or the writer to invest in cryptocurrencies or other ICOs. Since each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions. Smartereum makes no representations or warranties as to the accuracy or timeliness of the information contained herein. As of the date this article was written, the author owns small amounts of cryptocurrency.

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