Cryptocurrencies criticized the participants of the forum in Davos
It seems that captainvalor sedated and have ceased to dream of “flying to the moon” and no obsessions. Fluctuations in the range of 1%-4% established traditional market are quite good dynamics. However, digital currency is a real calm.
Quite unexpectedly, this situation is preserved after the news that the Chicago Board of exchange CBOE withdrew the application for the launch of a Bitcoin ETF. In this event, the market had high hopes, and even in this case, it is difficult to understand what is worse: the potential failure of the SEC or the primordial farewell to the idea of a new tool. Now most investors are of the opinion that this was a strategic move, which was affected by the shutdown of the U.S. government. This is probably why the market did not react.
It must be noted that despite the General calm occasional local gusts of wind. So, the news about the intention of the Russian project WAVES to allocate start-UPS grants in the amount of $50 million for the development of applications based on the platform, the same coin soared on Wednesday by 20% and trading volume on it jumped to 620%.
Of course, this growth was largely speculative, however, this drive has attracted the interest of investors. In the end, many remained in the project, expecting further growth on a more solid fundamental basis.
There were “leaks” about the imminent launch of the project TON of Pavel Durov a few “shook up” the market background of the project for some time no news. For money maker VK pinned great hopes, but the market in recent times, seems nothing can bring out of hibernation.
Some senior members of the world economic forum in Davos spoke negatively against bitcoin, predicting the fall of its price literally to zero. Such statements just over a year ago has caused a flurry of emotions of the market. Now these messages are rewarded with a slight smirk participants.
Summary is simple: last year, the market has matured. Most importantly the awareness of investors is that nobody really knows the future of cryptocurrency, and long-term growth forecasts to “hundreds of thousands of dollars per coin” or “reset the prices” are worth nothing and have no effect.