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The cryptocurrency industry has had difficulty for a while. Everyone expected the BTC to recover from the January market crash that has suffered and absorbed the entire market. Unfortunately, in an unexpected round of events, BTC fell even more significantly against the USD. Many short-term investors have exhausted and left the market. However, there are still those who believe in cryptocurrencies. For one, Morgan Creek CEO Mark Yusko said he believes a surge is coming.
The cryptocurrency market will soon develop according to Mark Yusko
Although there is no evidence to support an upward rush in the short term, the cryptocurrency market has strong fundamentals that will cause a rapid rise within the next 10 years. Yusko, the managing director of the well-known investment company Morgan Creek Digital, said that the success of Bitcoin and the entire long-term market is on hold. He made known his conviction during CNBC's Fast Money. According to him, the Bitcoin network is strong and the strength of the network will ensure that the price is the move of the 20 times higher coins in the next 10 years.
Bitcoin (BTC) Price today – BTC / USD
Keep in mind that Yusko was not always a believer. During the session, he admitted he was wrong about Bitcoin and the industry initially stated that he now believes in the strength of BTC. It remains to be seen whether this vision for BTC will become true or not. At this time, BTC is trading at $ 4.016.53. This shows that it is up 0.05% from the USD with a market capitalization of $ 69.911.913,810 with a 24 hour trading volume of $ 5.427,013,739.
XRP & # 39; s Long Term Potential
Yusko is just one of the few people who talked about what the future holds for cryptocurrencies. Dan Morgan, head of the Ripple European regulatory group, said that Asian countries show the greatest interest in Ripple and its technology. He said this during an interview with Crypto Globe. For more information on this comment, read this post.
Price XRP (XRP) today – XRP / USD
While Main, XRP is currently trading in red against USD and Bitcoin at $ 0.357422. Against the USD, it is down 1.00%. Against BTC, it is down 0.61%. Trading volume for a period of 24 hours $ 475,798,484 and market capitalization is $ 14,413,881,683. Fortunately, XRP is still the second largest cryptocurrency by market capitalization.
Long-term forecast of Ethereum (ETH)
At the moment things are not looking for ETH. The third cryptocurrency by market capitalization is not going well against the USD. Among other things, it is still the best intelligent contracting platform in the world, even with the creation of many competing platforms such as EOS and Cardano.
Recently, Vitalik Buterin spoke about his view of the cases of cryptocurrencies and blockchain technology. According to him, using blockchain in some sectors is a waste of time. He said that better scaling solutions could be what is needed to save the technology.
At the time of writing, Ethereum (ETH) was trading at $ 111.80. This shows that it was down 1.31% from the USD and down 1.00% from BTC. The 24-hour trading volume is $ 1,932,537.873 and the market capitalization is $ 11,581,824,454.
