The value of the cryptocurrency market will reach $ 1 trillion this year. The market limit of the cryptocurrency seems to increase. Even though some of the people are falling, but cumulatively, the market limit seems to increase year after year.
According to the CEO of Kraken, Jesse Powell, in the rest of the months of 2018, the cryptocurrencies would see an accelerated growth. They could retreat from the bottom to the new highs.
According to him, there are many companies that revolve around cryptocurrencies now. In addition, there are many people in the cryptocurrency know-how now. This would be a $ 1 trillion valuation of the entire cryptocurrency market.
The current cumulative market is currently around $ 417 billion. Before the recent recession, it was around $ 800 billion. Therefore, even if the cumulative market capitalization can increase only 25% from the peak, it could reach the valuation of $ 1 trillion.
Regulatory Concerns:
The main problem in the growth of cryptocurrencies is the regulatory concern. If regulatory concerns are not addressed soon, the number of operators, as well as investors in cryptocurrencies, would continue to decline. This is the reason why there is an adequate regulatory framework and it must be involved.
Many of the governments and authorities are working on it. However, it is important for the authorities to go ahead and create a framework soon so that traders can easily invest.
Regulating ICO's:
ICOs contribute new capital to the cryptocurrency market. This is the reason why ICOs are much more important. Once the ICO obtains approval, it would be assessed higher than it would. This is the reason why there is an adequate framework, the ICO market could add more value to the cryptocurrency space. Source: CNBC
Meanwhile, it remains to be determined whether or not it should be in the market. Most cryptocurrencies have already bounced sharply from these lower levels in recent weeks. If the momentum is favorable and the news negative, most cryptocurrencies would increase significantly in the near future. This is positive news for most cryptocurrency holders, as they have been trapped since the recent bear market in cryptocurrencies.
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