The purpose of this article is to look into the future and speculate on the
potential value of cryptocurrency market once it matures, in other words, make a prediction of how big the demand for blockchain technology will be in, say, 5 - 10 years.
In the last 24 hours, the volume of trade has gone up to $ 16.05 billion while
the value of the cryptocurrency market has dropped below the $ 300 billion mark to $ 299.5 billion.
The volume of trade fell again in the last 24 hours to $ 12.67 billion and
the value of the cryptocurrency market continued its downward slide to $ 260.76 billion.
The trading volume in cryptocurrencies is the last 24 hours has been at about $ 17.71 billion, and
the value of the cryptocurrency market is now at $ 340.85 billion.
Public sentiment swings
the value of the cryptocurrency markets significantly.
This mass adoption will not drive
the value of the cryptocurrency market down; it will provide momentum for a prolonged rebound from the January correction.
The last 24 hours has seen a small slide in
the value of the cryptocurrency market.
While volatility may decrease, we can also expect a gradual but steady surge in
the value of the cryptocurrency market as a whole.
The combination of the US ICO hearing, Mt. Gox sell off, overall market performance over the past month, and negative media coverage are contributing to the decline in
the value of the cryptocurrency market.
The Fundstrat executive revealed that $ 1 of USD outflow will represent an impact of roughly $ 20 to $ 25 in
the value of the cryptocurrency market based on historical estimates.