According to Binance CEO Changpeng Zhao, “sooner or later”, the market will see the next bull run, and arrival of institutions may become its trigger.
Despite some pessimistic moods in the crypto community, Changpeng Zhao, the CEO of Binance, believes that crypto still has room for 1000x growth in the upcoming years.
After the drastic falls in prices, crypto market is stabilizing, with Bitcoin gaining more traction and increasing its market dominance.
Though some optimists still hope for the bright future for cryptos, Ethereum co-founder believes that we won’t see 1000x Growth again.
BlackRock announced its plans to form a working group to investigate the crypto industry and to assess potential benefits of involvement in Bitcoin.
Top cryptocurrencies including Bitcoin, Ethereum, Ripple have entered an upward trend. BitLicense obtained by Square and SEC remarks are among the reasons.
Crypto Markets in deep correction as Bitcoin and other Altcoins break crucial levels hitting one-month lows.
The Bitcoin price has bounced up to $9,370 following recent a 10 percent decline marked on April 26 that reportedly was triggered by the sale of the Mt. Gox trustee funds while technical figures indicate the feasible potential for a move higher towards major resistance at $10,000.
The overall crypto market valuations have touched $420 billion as Bitcoin Cash and EOS post 10% and 15% gains respectively.
While crypto market continues its positive show with Bitcoin Cash as the show-stopper, analysts remain bullish on the future.