The recent and steady decline of crypto is confusing for many and have left many wondering, 'What the hell is going on!!?'...Here's why I feel we are going to see an explosion in the near future for cryptocurrency as a whole...
2017 saw some of the biggest gains for many coins like Bitcoin, Etherium and outta nowhere, XRP! Arguably, this was driven by FOMO (fear of missing out) as cryptocurrency in general gained worldwide attention.
In this attention, many tried to capitalise on the gains being made: ICOs, the artificial inflating and deflating of coins, and a general sense of '...not sure what to do now!' by many exchanges which helped reinforce this sense of FOMO.
We now see that all of the overbuying and inflation and manipulation that tried to take advantage of the bull run are now being drawn out and corrected....
We are now seeing a big correction due to all the excess fat being trimmed...Making way for a more considered investor, and more steady gains through the market as a whole.
Do you agree? What do you think is going on!?