The past few months haven’t been very kind to the crypto market especially this past month. A lot of investors (especially newcomers) started feeling anxious and to some extent even had fears and doubts about the future of crypto.
However, this is a novice mistake to make. Prices are indeed very important to track the performance of a market, but development and adoption are arguably even way more important. And when it comes those two thing, crypto is doing better than ever before.
Look all around and you can easily spot a large number of major brands and companies that have become very interested in entering the crypto market even though the prices are way below all time highs.
The most prominent of such companies are payment companies like Alchemy Pay (and supposedly ApplePay pretty soon?). These companies are benefiting a lot from crypto payments as a significant number of people are starting to pay directly from their crypto wallets.
There are also fortune 500 companies like Google, IBM, Boeing, Tmobile, LG and UbiSoft working with crypto entities like hbar foundation in efforts to build an all rounded ecosystem on Hedera where all these brand and institutions will be integrated.
Actually just google “list of stock companies entering the crypto market” and you’ll know what I’m talking about. There are hundreds of big name institutions entering.
The current sentiment in the market is pretty bad, I know. But these are all extremely positive signs for the future. Even though the market is down, businesses and institutions are still choosing to enter it. How bullish does that make you feel?!