The Crypto Forecast
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We hope you’re all weathering the storm out there fellow crypto traders. The forecast is bearish with no reprieve in sight. We can continue to expect a steady decline in price with a high chance of increased volatility to the downside during this period. It’s not the greatest news but just like the weather, this storm will pass too.
In other news, there are several imminent mainnet launches to be aware of – VEN, TRON, EOS, Cardano and Zilliqa. As you know, VEN is one of our favourite projects and despite the market downturn, we are still very excited for the VeChain Thor Blockchain – June 30 can’t come fast enough. They also recently partnered with Chinese behemoth Bright Foods which will integrate the blockchain into their supply chain operations. Coinbase has also announced that they will be rebranding their GDAX exchange to Coinbase Pro and recently purchased Ethereum start-up and ERC20 exchange Paradex.
Ths exchange will allows users to exchange different cryptocurrencies which comply with the ERC20 protocol directly without the need of a custodian – pure peer 2 peer.
This comes off the back of Coinbase launching various other products in the last few weeks including; Coinbase Custody for custodians/institutions, Coinbase Prime which offers further tools and resources for trading crypto like lending and margin products and Coinbase Institutional Coverage Group which offers advisory and support services to institutions looking to enter the space.
Cryptocurrency is here to stay and in our opinion, is only going to grow in popularity among governments, institutions and individuals alike. We are witnessing the groundwork, the foundations and the infrastructure of this bourgeoning sector being laid out in front of us and we, the early adopters have front row seats.
Disclaimer: The opinions of our guest writers are solely their own and do not reflect the opinions of The Daily Hodl. These opinions expressed are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility.