Cryptocurrency market valuation to hit $1 trillion this year -Cryptocurrency Predictions 2018 – News Analysis-Sat Jun 23

Cryptocurrency market valuation to hit $1 trillion this year. The market cap of cryptocurrency seems to just increase. Even though some of the individual ones are falling but cumulatively, the market cap seems to increase year-on-year.

According to the CEO of Kraken, Jesse Powell, in the rest of the months of 2018, cryptocurrencies would see accelerated growth. They would be able to pull back from the bottom to new highs.

According to him, there are many businesses revolving around cryptocurrencies now. Also, there are many people in the know-how of cryptocurrency is now. This would propel the entire cryptocurrency market to cross a valuation of $ 1 trillion.

The current cumulative market cap of all the cryptocurrency is currently is around $ 417 billion. Before the recent downturn, it was around $ 800 billion. Thus, even if the cumulative market cap is able to rise just 25% from the peak, it would be able to hit the valuation of $ 1 trillion.

SEE ALSO:   Cardano News Today: Cardano (ADA) Plans to Use Blockchain Technology to Take Over Global Industries - Fri Jun 22

Regulatory concerns:

The main problem in the growth of cryptocurrencies is the regulatory concern. If the regulatory concerns are not tackled soon, the number of traders, as well as investors in cryptocurrencies, would go on decreasing. This is the reason why proper regulatory framework, as well as trading mechanisms, need to be involved.

Many of the governments and authorities all over the world are working on it. However, it is important for the authorities to go ahead and create a framework soon so that the traders are able to easily invest.

Regulating ICO’s:

ICO’s bring in fresh capital to the cryptocurrency marketplace. This is the reason why any regulations on the ICO would not only make the process much more transparent but also make the ICOs much more valuable. Once the ICO’s get the approval, they would be valued higher as they would fulfill all the regulatory requirements as well. This is the reason why once a proper framework is in place, ICO market would be able to add more value to the cryptocurrency space. source: CNBC

SEE ALSO:   Ethereum price predictions: ETH price is rising and can gain further upside momentum - Ethereum News Today -Sat Jun 23

In the meantime, it remains to be seen whether the bottom which currently looks to be in its place is the actual bottom or not. Most of the cryptocurrencies have already bounced sharply from these bottom levels in the last couple of weeks. If the momentum is supportive and the negative news reduces, most of the cryptocurrencies would rise significantly in the near future. This is positive news for most of the cryptocurrency holders as many of them have been trapped since the recent bear market in cryptocurrencies.


Legal Disclaimer: The content of this website ( is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from

SEE ALSO:   NowCoin Game Review: Creating A Cryptocurrency Ecosystem Through A Trading Game

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!

Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!