Collapse orgrowth? What are the expectations for the crypto market?
Recently, we have increasingly observed the decline of many cryptocurrencies.
These were record collapses in the case of Bitcoin.
But, in accordance analysts expectations, many “fallen” cryptocurrencies are regaining their lost positions, and their value is growing.
So, in just a few hours, the Ethereum exchange rate increased by almost 6% and approached $2000 per “coin”.
The Ethereum growth is associated with the completion of an important stage in the transfer of the network from the Proof-of-Work model to the Proof-of-Stake model. The final transition to the new model is scheduled for September 19.
Bitcoin is growing more slowly, but still in a month the rate of this cryptocurrency has increased from $19,000 to almost $ 25,000.
What is the future of cryptocurrencies and the giants of this industry (VTS, ETN) in your opinion?
Will it be another collapse or a planned development and growth?