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There is no confusion; the cryptocurrency markets are dives. For investors who have already seen all their eliminated 2017 earnings, this could be a kind of disaster. For people new to cryptocurrencies, this may seem a little disconcerting.
The average beginner is aware of a handful of cryptocurrencies. Bitcoin, Ethereum and Ripple are the best known (there are more than 1,000). Everyone knows that Bitcoin has had a bad experience in 2018, even if, in the last days, there have been some kind recoveries. But why are Ripple and Ethereum suffering so terribly?
We attribute it to a few simple reasons:
1) The market is in a panic
2) The evaluations 2017 were premature
3) Most people can & # 39; t easily invest in cryptocurrencies – again
There are other reasons why Ethereum and Ripple are seeing price decline, but these are three of the most significant. Disimballiamoli.
Cryptographic Markets Are Panicking
It's not just the big cryptographic coins like Ethereum and Ripple that are falling. Virtually every cryptocurrency has had a hemorrhagic value in recent days. Some say this is because cryptocurrency is a failed technology. Indeed, in recent months we have seen significant progress in a number of projects, including ETH and XRP.
The market is going crazy because investors fear losing money. I'm not sure if this encrypted thing is legitimate. They are putting their money in goods that seem safer and more understandable, like the Fiat. Despite this, Ethereum and Ripple are stronger than ever, with world-class developers expanding both technologies. In our opinion, this caprice on the market will not last forever.
The 2017 evaluations were premature
During the 2017 bull run, cryptocurrencies were assessed as if they represented mature leading companies worldwide. In reality, most of these companies are start-ups. Further developments and user adoption are needed before the currencies can claim real and intrinsic value. Until then, very high prices are speculative and vulnerable to accidents such as we have seen.
Most people can not easily invest in Crypto
For much of its history, cryptocurrency has been sold to Internet users who have some extra money to risk with digital money. Your mother did not know how to buy Bitcoin. Institutional investors could not invest significantly in the sector. All of this is starting to change.
The major platforms like Coinbase and eToro are doing encryption of mainstream investments. As new money enters space, prices will inevitably increase. It will take some time before 1) market panic drops and 2) blockchain technology to mature. But when this happens, the assessments will have a firmer foundation and people around the world will have the means and motivation to invest for the first time.
Despite recent price disasters, Ethereum and Ripple are among the cryptocurrencies most likely to wait outside the storm. They have enough money to continue development, institutional adoption is on the rise and new applications attract new users. Those who say that the market decline is the end for Ethereum and Ripple are too worried about prices. What matters is the technology. And with this metric, Ethereum and Ripple are among the best blockchain projects in the world.
* The information contained in this article should not be considered investment advice.
