Future of cryptosteemCreated with Sketch.

in #cryptocurrencies7 years ago (edited)

Hello friends!

Haven't you asked yourself lately what are the cryptocurrencies heading to?
The overall market cap is 830 billion at the time of this article and is continuing it's parabolic direction. Everybody is investing in crypto right now. Everything seems perfect. Just as planned! Everybody will become a millionaire till the end of the year.
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EXACTLY this makes me feel a little bit skeptic about the market. I want to underline that i do not say something like "bitcoin and the altcoins are not worth this capitalisation" but everything happened to fast and as we speak the average Joe is dreaming about buying a lambo and a new house in Los Angeles because he invested in this market. I am exaggerating a little bit so that you can understand me better.

This technology is the future without any doubt. But right now most of the people aren't using the technology. They just put some money in trying to speculate the market. The overall value will increase in time and the cryptocurrencies will be worth a lot more than a couple billion $. Just watch out this year. Some correction will come for sure.

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