One of the most exciting financial opportunities to emerge within the past few years for many has arguably been within the crypto currency market – the enormous rise of both Bitcoin and Ethereum a few years ago caught many by surprise as something that was ultimately very niche, but attracted plenty of big names and big investments just because of the price increases that had been seen during that period of time – however with the recent wave of interest in the market, many are questioning whether or not it’s too late to explore crypto options, particularly as the prices are changing so quickly. But is the reality of it that it’s too late, or is there still an opportunity to catch a new wave?
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Crypto’s uncertainty in future payments could hurt – Something that certainly helped to bolster the price was the announced for Bitcoin a month or so ago that suggested car manufacturer Tesla may be set to accept the crypto as a form of payment moving forward – although it has been an acceptable currency for online platforms such as these online casinos not on gamstop, but the usage had been niche and this shift toward mainstream choices lent some legitimacy to the currency, and removing the option for mainstream options had certainly hurt in some sense as pulling out of the opportunity led to a huge drop in value for the coin.
“Meme” coins may only become successful to a certain degree – The other big opportunity seen has been with the meme coin of Doge Coin, initially set-up as a way to poke fun at the bigger established coins it spent most of its history at a very low price, starting out the year at just $0.002, after receiving some attention from public figures and those hoping to catch the second wave the price did rise to an all time high of $0.72 before dropping once more much like Bitcoin, but it’s unlikely these other coins will be able to reach similar figures to the bigger names too, so those hoping to reach the thousands of dollars per coin mark are unlikely to be pleased with the outcome.
Expert warnings have grown too – It’s also important to note that experts in the financial sector have started to warn that crypto as a whole may not hold any value, without mainstream usage on different online platforms and remaining niche it is difficult to hold the value, and with criticisms from other markets the recent drops that have been seen are much clearer to see. Although there’s no certainty in the crypto market and listening to experts can certainly be wrong, it’s difficult to see how they could be wrong when the prices remain so volatile.
For the question of whether or not it’s too late, it’s hard to say, but missing out on the initial wave has certainly left many behind and unlikely to capitalise on the successes already found.