Ethereum Price retraced sharply along with most other Cryptocurrencies. Many Crypto traders and investors are concerned and for good reasons. What we are still watching is the Adoption and use of Cryptocurrency to see if there is a fundamental threat to the rise of Cryptocurrency prices. So far, our reasearch Team sees opportunities for many Cryptocurrencies including Ethereum to scale better, but definitely no threat. At least not yet.
We also noticed the accelerated adoption rate in Cryptocurrencies. More exchanges, more investment vehicles to allow adventurous but conventional investors to get exposure to Cryptocurrencies : Reality Shares ETF for instance, offering a set of major Teach companies with exposure to the Blockchain technology. But one that truly caught our interest, is the announcement from Robinhood and how they will be offering their users access to trading Cryptocurrencies on their accounts. So we are talking commission-free Cryptocurrency trading.
We think this is an important announcement that will definitely impact the volume of investors that will try their hands and capital in Cryptocurrency trading with the possibility of attracting more capital into the Crypto market.
This is definitely something we willbe monitoring to see the impact on price volatility and trends. But as Cryptocurrencies are retracing, smart investors need to keep watching for what really drives the value of their investments and not just short term volatility.