Financialcentre Broker Tells About What To Expect In The Crypto Market In August, 2021 And Where To Invest?

London, UK, 12th August 2021, ZEXPRWIRE – In August 2021, the crypto market capital has stabilized and the valuation of the market is at $100 billion. The ICO frenzy has ended, as there are not many projects within which to invest.

Is it a possibility that something like this might happen? In the opinion of a broker David Porter from Financialcentre the answer is, yes!

There is a list of factors which may indicate that we are approaching the end of the period where investments in ICOs are the best option for crypto investors.

In this article we will talk about 7 possibilities to invest in 2017 and a few projects which may be better options than investing in yet another ICO.

As always, it is important to remember that when we discuss these projects, we only speak of them within the context of business analysis and value potential. We do not evaluate them from the perspective of technological developments or the advantages that these projects may bring to the crypto community – it is impossible to predict in which direction they will develop, especially considering the vastness and diversity of available technologies today.

No player in the history of basketball has been more synonymous with “second fiddle” than Scottie Pippen. Playing alongside Michael Jordan for all six championship seasons, it was often forgotten that he contributed to their success as much as MJ did – but no one can deny how integral his presence on those teams were and what a huge part of Chicago’s dynasty they became. Fast forward 30 years and Ethereum is proving itself worthy by being Bitcoin’s sidekick extraordinaire; while its market share may be less than half when compared to BTC (47% vs. 18%), it still commands an impressive 4x lead over Bitcoin next closest competitor: Ripple at 12%.

Ethereum

Ethereum might not have gotten any credit during crypto currency’s early days thanks to its association with the DAO and subsequent bailout that followed, but it’s since proven that while many people can be weak-minded when potential profits are on the line, ETH has some definite staying power.

Chances are, if you’ve been in the space for longer than a few months, you’re familiar with CME Group Inc. (NASDAQ:CME), the world’s leading and most diverse derivatives marketplace. The company has had a busy year thus far, launching Bitcoin futures on Dec 17th, the first-ever regulated BTC/USD exchange rate for CME CF Bitcoin Reference Rate Index (BRR) and CME CF Bitcoin Real Time Index (RTI).

BTC

At a price of $990 per BTC, the company’s introduction of futures trading provided yet another opportunity for investors to speculate on where Bitcoin prices were going. While critics across the board argue that these derivative contracts will be what causes the eventual downfall of crypto entirely, it has not prevented an increase in interest from institutional investors and new traders alike.

According to a survey conducted by Dalia Research, an estimated 83% of institutional investors will trade Bitcoin in the next 3 years. This isn’t anything new, but it’s great news for those who believe that the blockchain will play a major role in global finance moving forward. That said, some are skeptical (see: Warren Buffett) of whether or not cryptos have much of a shot at replacing fiat currency in the way some Bitcoin maximalists make it out to be, and when you consider that the vast majority of crypto trading is currently speculation-based, this isn’t hard to argue. For example, since CME Group Inc. (NASDAQ:CME) started listing Bitcoin futures, the price has dropped a whopping 35% in response.

Still, the company is looking to capitalize on this opportunity, and its latest move of allowing approved clients to use its exchange for margin trading is yet another step towards this goal. Bitcoin futures have been trading at an all-time high since their introduction last month – even as CME’s spot Bitcoin index slumped to a low of $5,847.51 on Jan 17th – further suggesting that the company’s future contracts served as an indirect source of demand for Bitcoin.

If CME Group Inc. (NASDAQ:CME) plays its cards right – and we’ll get into this a bit later – we could see another major price hike down the line and create a whole new slew of investors jumping on the Bitcoin bandwagon.

Takeaway:

With all that said, Ethereum is not all sunshine and roses… in fact, it hardly ever is when it comes to cryptocurrency. When you consider how much influence one person or institution can have over an economy as large as this – a figure half the size of Venezuela’s $100b GDP in 2017 – it becomes alarmingly easy to see how an adversary could exploit that power.

If cryptocurrency is a bubble and you’re participating, there are only two ways you can ‘win’… Either cash out before the bubble bursts, or be one of the last ones standing when everything comes crashing down.

It’s never a good idea to put all your eggs in one basket, so to speak. Ostensibly, there is no ‘best’ cryptocurrency to invest in today. Instead, we should be focusing on making sure that our exposure to crypto is diversified.

With this said, there are a number of projects out there that are worth keeping an eye on, especially for those who want to get started in the crypto sphere.

Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.