The cryptocurrency market is far from being a stable one, but sometimes it just goes too far in terms of fluctuations. When this happens it causes a lot of uncertainty especially among new investors or prospective ones. They will immediately think common activities like buying some currencies or trading some tokens imply a high risk. On the other hand, most experienced users will have a different perspective in these situations. They will try to determine what are the best opportunities in the middle or long term.

What do they know that we don’t? Of course, they manage a lot of information about markets, statistics, fluctuations, and projections. But is there some simple information that could help inexperienced users understand why it is a good time to get involved in some trading activities? The answer is yes, there are some facts and indicators that will help them to make a decision when the time comes, we’ll just mention a couple of them:

Permissionless Blockchain is living its best moment

          Recent technological improvements have made it possible for permissionless projects, open to any participants, to be the most successful in our days. It would seem people are no longer interested in supporting permissioned ventures with big enterprises’ blockchain offerings. Most of the money is now flowing into Non-Fungible Tokens (NFT), DeFi projects, and Decentralized Autonomous Organizations (DAO). This clearly indicates blockchain technologies are reaching new levels by attracting people to innovative business models that are taking the place of existing ones. This is a tendency that won’t stop for a long time because it reflects a hope that will only bring new creators and investors since they know all they need is a good idea to make their projects succeed.

Giant companies are now a part of the game

          Not only newcomers and inexperienced people with new, weird, and interesting ideas now support the use of permissionless projects, big established companies that used to be the target of permissioned blockchain ideas, are now getting involved with this kind of project. Hundreds and maybe thousands of the main companies are currently experimenting with NFTs and social tokens. Names like The New York Times, Adidas, and Warner are now a part of this growing wave, and maybe the clearest sign of the future growth is the recent announcements from Microsoft and Apple about possibilities and opportunities in the metaverse, encouraging people to invest.

The global economy is affected, not only the crypto world

          The last time crypto assets went through such a difficult time was in 2018, but that time it was a completely different situation. Lots of entrepreneurs came with all kinds of interesting projects and their ICOs attracted billions of dollars of investors who blindly believed in many untested proposals. After some time, doubts about the possible growth and profits started to grow and inflated prices hit the ground.

We’re now living in times with an economy affected by banks injecting trillions of dollars into it while trying to mitigate the effects of a recession caused by the pandemic. This excessive amount of money turned into artworks, real estate, commodities, stocks, and of course, cryptocurrencies, and, as a consequence, we’re all now taking our medicine due to the resulting inflation issue. Of course, we can’t deny the excessive eagerness for NFTs and new tokens affected the cryptocurrency market, but it was only one of the factors. Having said this, it’s probably safe to bet that as long as the global economy will continue to improve or at least go back to normal, the same will happen with cryptocurrencies.

John F Kennedy is quoted as saying: “The Chinese use two brush strokes to write the word 'crisis'. One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger–but recognize the opportunity”. So, while of course, you must be prudent, don’t miss the opportunities to invest in promising projects while they have a very affordable price. At MintMe.com we’ll be waiting for you to help you find the assets that better fit your needs, our experts are always available to guide you through this important decision, you just have to decide, but remember, this could be the best time.

Elvis Contreras