It is predicted that cryptocurrency market is going to go under serious correction but there is nothing to be panicked about as this is going to weed out projects that have poor fundamentals and shabby technology. Therefore, the purge would definitely be blessing in disguise for the Cryptomarket.
Because of immense success in shape of run-up during 2017 hundreds of billions of dollars of capital has been invested in the cryptocurrency ecosystem but this investment has largely been indiscriminate. Therefore, when the investor would recognise many projects with poor fundamentals they would react and there would be a crash that ultimately would help the market consolidate in the future.
The space in the Cryptomarket is increasing. Public interest has been paramount and there are a lot of areas where investment can be made – such as bitcoin. Therefore, it is expected that there would be expansion in the entire space soon.
