Regulators around the world are trying to stifle the popularity of cryptocurrencies. But every time they do this, the crypto world bounces back bigger and stronger than ever before.
Jesse Powell, founder and CEO of Kraken, believes that the market capitalization of cryptocurrencies will more than double from the current levels and reach the $1 trillion USD milestone by the end of the year.
However, as the market matures, it will start differentiating between cryptocurrencies. Ripple’s CEO, Brad Garlinghouse believes that many will sink to zero because they don’t have anything worthwhile to offer.
But is there no way to stop the pump and dump that is the usual feature in some of the smaller coins?
Lon Wong, president of NEM, believes that nothing much can be done about price manipulation until the market matures.
As traders, we always keep a protective stop loss to safeguard our capital and because the crypto markets are open 24/7, the risks of a gap down opening are nonexistent. So, our readers need not worry even if prices of a few cryptocurrencies drop to zero.
Let’s see if we find bullish setups on any of the top 9 coins.
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Nice little blog/article about crypto!
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