The rise of the cryptocurrency market

Ivan Glavaš, cryptocurrency trader and investor, Lead blockchain product developer at IN2, a Croatian software developer of Bitcoin and Ethereum blockchain project, and Member Of The Supervisory Board at SKDD-CCP SmartClear d.d., believes that this year is a game changer and it will not stop now, from his perspective this is only the beginning of the growth. He commented to Coinidol.com:

“At this moment we see not only all time high of bitcoin, but also all time high of many other cryptocurrencies and volumes on exchanges. This is a sign of mass adoption what experts have predicted in last article. It is happening not only because of people that are getting involved but also because many new exchange businesses are opening every day. And old exchanges are listing new crypto-assets on their exchanges.”

Ivan Glavaš also pointed out the last year’s events that affected the Bitcoin price and altcoins, like the bitcoin halving, ethereum mass adoption by institutions, ripple mass adoption by banks, and bitcoin price recovery due to market information about lightning network and regulation institutions that have started to look at it.

Also, Bitcoin and other cryptocurrencies now have a lot of applications, which is driving the market as well. Ivan Glavaš noted that Ethereum dapps like Augur and Digix are at the bare end of the development process, the Waves blockchain came alive in just a few months and now anyone can try to create his own asset in just a few seconds.

He said:

“If Augur works we can see first people in the world earning ETH from just reporting on events that already happened. If Digix works, we will see first people in the world that will be rewarded with gold quarterly.”

He continued:

“From late summer I expect very strong bull market, not only in btc but as other assets as well.”

Allison Coleman, Founder at a consulting company in the field of cryptocurrency, Axisflip Cryptofinancial, forecasted the continued growth in crypto as we head into the summer. She said:

“Last month we had a rally in Ethereum from a couple of professional conferences & announcements, which brought greater visibility to the crypto space as a rapidly growing investment opportunity with support from large and established companies. The total market capitalization has since surpassed a hundred billion dollars. Several major exchanges added new tokens, expanding the available markets to their users. There were a number of successful Initial Coin Offerings recently. A substantial number of altcoin & ICO investors realized their gains back into Bitcoin.
We expect continued growth in crypto as we head into the summer - the success of early ICOs has no doubt stimulated investor interest in upcoming opportunities. Some of the issues from the Bitcoin scaling debate are scheduled to be addressed in the coming months. We are seeing green lights across the board for the entire industry, particularly considering the many use cases for the technology and its relatively small market capitalization compared to the legacy securities it can displace.”