A Prospect for the Future Cryptocurrency Market.

ozexproject (16)in #airdrop • 6 years ago

Recently, incidents related to Bithumb, Upbit, Coinrail etc. have been reported on the news and have brought an immediate impact on the cryptocurrency market. In spite of the excellent security of the Blockchain technology, a number of exchanges are continually being attacked and hacked, causing damage to the participants. Once they witness these incidents, it is inevitable that the crowd become passive and hesitant about their investment, resulting in the market depression.

In the previous cryptocurrency market, there were a high number of participants who were simply seeking short-term profits. Nevertheless, as people become more interested in cryptocurrency than ever, there is an increasing tendency among the participants to invest in value itself. Considering that even the global economists are suggesting different and diverse opinions, it has drawn the participants’ attention to the possibility of market growth.

Warren Buffett, who left many legendary achievements in the investment industry, has mentioned Bitcoin for several times, insisting that bitcoin is nothing more than an investment but a gamble and no one knows precisely what a cryptocurrency really is. On the other hand, others argue against his words, pointing out that he is too old to see the excellence of this new technology.

Jamie Dimon, CEO of JPMorgan, compared Bitcoin to the incident of Dutch Tulip Mania in the 17th century and made negative remarks about cryptocurrency. However, he soon regretted saying that Bitcoin is a fraud, correcting his opinion and acknowledging the Blockchain technology.

Furthermore, John McAfee, the founder of computer security company McAfee and the successful cryptocurrency investor, expected a positive cryptocurrency market to come, claiming that Bitcoin prices will reach $1,000,000 by 2020.

According to a recent article from The Korea Economic Daily, the Federal Reserve Bank of St. Louis has announced that it is investigating four types of cryptography: Bitcoin, Etherium, Bitcoin Cash, Litecoin. The Federal Reserve Bank of St.Louis has continuously shown their interest in cryptocurrency, as can be seen from their report discussing positive evaluations of cryptocurrency. James Blad, the Federal Reserve Bank president, officially announced at ‘Consensus 2018’ conference, saying “Cryptography is a tool to reduce trading costs” and that the Federal Reserve Bank will continue to remain interested in the Blockchain technology. Likewise, as the Federal Reserve Bank of the United States of America is showing signs of jumping into the cryptocurrency investigation, it has drawn the attention of the world.

Both cryptocurrency and Blockchain technology are becoming more and more familiar to people. However, people need to be careful of investing their money in cryptocurrency to earn short-term profits, as cryptocurrency cannot be protected by law. Besides, considering the Bitcoin price also falling these days, it is recommended for the participants to aim for long-term investment rather than short-term investment at this point.

It is true that people are reluctant about participating in long-term investment, due to the lack of information and the risk of ICO investment. To complement these factors, OZEX, as a cryptocurrency advisor, prioritizes High stabilities, conveniences, and profits of an ICO investment.

@OZEX, under the slogan of ‘Your fund manager in cryptocurrency market,’ is the solution for the fast-changing ICO market. OZEX token(OZX) holders will automatically receive 80 new, potential and stable tokens from OZEX platform over three years via smart contract.

OZEX ICO will last for more than two months, from 20 June to 28 August 2018. During this period, OZEX will airdrop three different tokens that are verified and has high potentials over three rounds, no matter how many OZX tokens you possess. We have airdropped LEGALBLOCK in the first round already and are about to announce the new token for the second round. The second round of OZEX ICO will continue from 16 July to 6 August 2018.

After the ICO period (est. end of August) finishes, OZX token is planned to be listed on one global exchange. Moreover, OZEX team is now also making an agreement with several other exchanges from all over the world.