The market value of crypto currencies has remained below $ 400 billion in the first quarter of 2018. Bitcoin, the major currency in the market, however, saw $ 6,000 before it rallied again. As it is known, crypto money markets have risen as a result of positive negotiations made at the high level senate meeting held in USA.
In fact, experts believe that other cryptographic currencies can also achieve significant gains. So they say the crypto money market can get 1 trillion dollars. At the crypto money exchange Gatecoin, APAC business development manager Thomas Glucksmann used the following statement:
"Increasing regulatory recognition of crypto money exchanges will contribute to revitalizing the market for institutional capital entry and major technology developments. These developments, crypto money prices, this year will reach new high levels''
According to Lucksmann, there is no reason for Bitcoin not to reach $ 50,000 in December. Glucksmann's reference technology, Lightning Network, is an expected technology for Bitcoin. It seems that LN has made quite important steps by reaching 1000 main payment channels.
Another possible development for improvement may be the export of a crypto money-backed investment instrument listed on a large stock exchange. While both CME and CBOE are moving Bitcoin futures to the market, Nasdaq recently announced that these products "continue to be explored".
As CNBC has stated, there is still no Bitcoin ETF on the market that is bringing high interest. Fund with a stock exchange The ETF allows people to trade Bitcoin before they have to buy crypto money. Recently, Bitcoin ETF applicants had to withdraw from the request of the US Securities and Exchange Commission (SEC)
Jamie Burke, CEO of venture capital outlier ventures, said the crypto money market, which saw surprising price increases last year, could push new records this year, explaining:
"We believe that after February, the market will make similar gains, even if we do not capture a size that could reach a trillion-dollar value potential last year without focusing more on solid foundations in the winter."
Tokens in the Crypto currency market this year can make high price increases
Some experts think that Bitcoin can see 50,000 dollars, but some believe that crypto money does not have a fundamental value. Another expert group foresees that there could be potential crypto currencies that could be used to create new block chain applications such as NEO and Ethereum.
DataCreator CEO Hercules Tech's CEO and founding partner Mick Sherman said the developers were under the supervision of crypto-money like IOTA, NEO and Ethereum because they created the platforms they were working on. And he continued:
"The useful tokens and assets that have a working platform and clear reasons for the need for a Blockchain or their Tokens are more likely to increase this year. Some of these crypto entities will not be used for years. This means that some crypto assets do not have added value "
Sherman also said that the block chain technology was exaggerated at an incredible rate. For this reason, he warned that he might see "a few more bubbles" before seeing "applicable Blockchain-based assets"