Cryptocurrencies stopped growing because of the loss of volume that occur in daily transactions.
That means that people are trading less - Not so many people are buying and not so many people are selling.
Let’s take for example Ether, which surpassed $1 bln in daily volume at its peak in december in comparrison with $100 mln as of today 05.03.2018.
That could be a problem, imagine if something bad happens like Tether gets ceased by the SEC, the selling volume will surpass the buying volume by far, taking the prices in a downward spiral to hell.
In order for cryptocurrencies to start growing again, institutional money need to enter the market making the prices soar - That would increase the volume, making the big players re-enter the market followed by the new wave of adopters.
The next wave of news will either make or break them - A series of really good news are needed in order to make the market grow and only one bad thing to happen is needed to create panic followed by a selling spree.
Until now i have read only good news about them with more and more people, companies and even countries starting to embrace them.
I started a new project where i gathered the best cryptocurrency writers from Quora in order to educate the masses about this revolutionary trend. If you want to be on top of everything that happens in the cryptocurrency world, go ahead and subscribe to our newsletter:
Coinwrath - Cryptocurrency News about Bitcoin and Altcoins
P.S: If i left some things out feel free to edit my answer.
Coinwrath.com - Cryptocurrency News about Bitcoin, Ethereum, analysis and reviews about technology, blockchain and markets - Here you can find the best Quora Question and Answers written by some of the best Cryptocurrency ranked writers.
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