5 REASONS WHY CRYPTOCURRENCIES WILL CONTINUE IN AN OVERALL UPTREND
We have had different cycles of Bull Markets and Bear Markets, but in general, you will observe that the market is generally moving up from the day when the first Bitcoin was mined. This trend will continue over a long period due to the following reasons
1. The Crypto Market is still in its infant stage; the market cap for the entire cryptocurrency market as of today is roughly $2.5 Trillion. Compared to S&P 500 which is worth about $38 Trillion, and the gold market which is about $12.7 Trillion you can see there is enough upside potential for cryptocurrency
2. Increased Adoption; we can see that millennials tend to tilt towards the crypto market instead of the stock market. Despite much criticism and opposition from many governments of the world, the crypto market continues to see massive adoption. It is interesting to note that the younger generation will grow and the older generation will phase away. In this process, wealth will be transferred to the assets the younger generation fancy.
We have also seen massive adoption by fintech and social media giants like Facebook, Google, Paypal, MasterCard, etc. This move will make cryptocurrency more relevant in the future because as you read this article, billions of dollars are being channeled to build a lot of utility in and for web3.
Visa recently partnered with Solana foundation to develop a cross-border payment system
3. Improved technology and Security; blockchain is currently being used to improve most technologies we use on a day-to-day activity like social media platforms, streaming platforms, fintech, games, virtual marketplaces, etc.
Security has also been a major concern prior to now, which have slowed down the adoption of these decentralized applications. We have seen a lot of malicious smart contracts that has been deployed in order to steal investors assets, but now we have a lot of tools that prevents that by revealing all the malicious codes found in any smart contract. Some of these tools include go+ seculryt, https://de.fi, token sniffer etc.
4. Volatility; Cryptocurrency is relatively a low-cap market compared to its counterparts, it is common to have massive volatility be it in a bear market or a bull market. During a bull market, due to the potential for high returns associated with the crypto market, it will likely attract more investors because we all will naturally go where the returns are higher.
5. Regulations; At the moment, the cryptocurrency market is widely unregulated, and a lot of investors don’t feel comfortable with it. However, regulations are coming to different countries and will gradually creep into most regions.
The spot Bitcoin ETF approval also has paved a way for more mainstream adoption and will invariably hasten regulation. This will attract a lot of new investors to the market resulting in increased adoption and turn higher prices
Conclusion
There are several reasons why the cryptocurrency is the new trend and will remain like that for the next few decades. This document contains the top 5 reasons. www.roqqu.com has made it easy to buy and trade your favorite cryptocurrencies. Fun fact, we already started another bull-run.
Q & A
Question 1;
I want to trade cryptocurrency but I do not know anything about the market, where do I start from?
Answer;
The first step before investing is to acquire knowledge. Roqqu Academy is here to teach you everything you need to know about cryptocurrency and blockchain so you do not go on to invest blindly
Question 2;
What is the most reliable Application for Crypto Trading?
Answer;
Use the link www.roqqu.com to start your cryptocurrency trading journey
