The cryptocurrency market valuation has reached $ 1 trillion this year. The market capitalization of cryptocurrency only seems to increase. Although some of the individual fall but cumulatively, the market capitalization seems to increase from year to year.
According to Kraken's CEO, Jesse Powell, cryptocurrencies would see accelerated growth. They would be able to withdraw from the bottom towards new highs.
According to him, there are many companies that revolve around cryptocurrencies now. Furthermore, there are many people in the cryptocurrency know-how now. This would push the entire cryptocurrency market into a $ 1 trillion valuation.
The current cumulative market capitalization of all cryptocurrencies is currently about $ 417 billion. Before the recent crisis, it was about $ 800 billion. Therefore, even if the cumulative market capitalization is able to increase by only 25% from the peak, it would be able to reach the $ 1 trillion valuation.
The main problem in the growth of cryptocurrencies is regulatory concern. If regulatory issues are not addressed soon, the number of traders, as well as investors in cryptocurrencies, will continue to decline. This is why it is necessary to involve an appropriate regulatory framework and negotiation mechanisms.
Many of the governments and authorities around the world are working on it. However, it is important that the authorities go ahead and create a framework soon so that traders can easily invest.
ICO bring new capital to the cryptocurrency market. This is why any regulation on OCI would not only make the process much more transparent, it will also make ICOs much more valuable. Once the ICO obtained approval, they would be rated higher as they would meet all regulatory requirements. This is the reason why once an appropriate framework has been set up, the ICO market could add more value to the cryptocurrency space. source: CNBC
In the meantime, it remains to be seen whether the fund that currently appears to be in its place is the actual fund or not. Most cryptocurrencies have already rebounded abruptly from these background levels over the last two weeks. If momentum is favorable and negative news falls, most cryptocurrencies would increase significantly in the near future. This is good news for most cryptocurrency holders as many of them have been trapped by the recent downturn in the cryptocurrency market.