Bitcoin, and all altcoins are in the green after a long spell of depression. It is good news for all investors or potential investors, and has brought hopes for the market to rise again.
However, many countries and regulators are not in favour of it. Social networking giants, like Facebook, Google and Twitter have banned crypto ads and ICOs, in open aversion to the crypto world. It means cryptos will have more challenges ahead. Will the cryptos resist challenges ahead and take over?
Question for me is not about crypto in general but about bitcoin. The price is clearly getting manipulated as all the red needles show. Still there is already massively undervalued projects in the market. It will be interesting to see how that will play out. People like Soros coming into the market will have a cleansing effect. Useless projects will die quicker and good projects will getall the funding they need.
Right now the market cap of the whole blockchain market still significantly lower than only facebook. That gives an indication how very early days this space still is.