The Market Prices Are Low
The Problem is the Low Appeal to Intrinsic Value on the Blockchain
Encryption is an undervalued commodity, due to the high level of education it requires to infer the knowledge set required to assess that value to be deemed intrinsic. Many of the most talented Quants in the world are lacking some skill sets required to evaluate these sophisticated demonstrations of formal verification. Zcash has a state of the art encryption using Zero-Knowledge Proofs, a relatively new type of verification formula design to preserve the privacy of the sender and the receiver.
I would recommend reading a broad variety of studies on the topic, it is very interesting especially if you are intertested in #privacy #cryptocurrency or #trustless-escrow
https://scholar.google.ca/scholar?q=zero-knowledge+proofs&hl=en&as_sdt=0&as_vis=1&oi=scholart
The Prices in the Following Pictures Do Not Make Sense
Price Manipulation has lead us to this point in the markets. I am not sure what the Bulls and Bears are doing but they look stupid. I hope this will resolve itself soon because this is just silly looking.
(Notice that Litecoin is worth 1/3rd of the price of Bitcoin SV, even after their large press event at the UFC.)
(IMO this price index is upsidedown, the prices are irrelevant but the relative values are not well representative of the intrinsic value in the cryptocurrencies individually.)
My Visions;
- Bitcoin SV is going to crash
- Zcash and Monero will rally, but Monero has nearly double the coins in circulation...
- DASH will try to outperform Zcash and Monero to assert its relevance of value, but may exhaust its resources doing so as Zcash has paid developers.
- If Litecoin continues to Decline in Price it will be a red flag for the alts that simple not encrypted blockchains are not valuable to the consumer.
What Do You Think?
Lets discuss the current market trends in the comments below!
