Market Recovery? Or You Just Missed Something

Market Recovery? Or You Just Missed Something

Forget about Sunday's sell-off which read a 8% downtrend, let's talk about the real market status following the 2018 Cryptocurrency Crash. Bitcoin, and other crypto assets surrounding it, seems to bottom out from the $3K support level. Here we don't guarantee its safety at above-3K level, it would have to dive several times before scaling the peak of $20K, or what Tom Lee has predicted: $150K as the fair value of Bitcoin. It retrospect, Sunday's fall couldn't be simply dubbed as a tragedy or bubble-blast, quite opposite, it was served as an introduction, claiming the market recovery of overall cryptocurrencies.

Though the ice sheet is melting down, investors and traders are still bothered by the future of cryptocurrency. They are survivors of the last war, struggling to hold their devalued digital asset with unbalanced thoughts: Either all-in one more time as a martyr and face the uncertainty or being a TA reader and spending most of the time as a silent perma-bull or perma-bear. However, there's one thing that can be asserted for sure: the nervousness-ridden market is reshuffled and it looks like being a brand-new one with more powerful fundamentals.

Apart from the growing adoption which contributes to the firm construction of crypto's fundamentals, various projects are pushed to the spotlight. In most cases of 1/6 of 2019, institutional investors caught so many eyeballs that some high-quality and resilient projects were dislodged. You know where it gathered: Coinyee, the crypto exchange facilitating unique token swaps raging from mainstream assets to APP-driven blockchain project tokens.

For your reference, Coinyee was founded in Nov 2017 in light of the much-cherished Bitcoin ATH. Having survived the bull-bear cycle, Coinyee cracked the end game and got a deeper understanding of cryptocurrency and users and traders. In every commodity market, not even touch on the million-/billion-/trillion level investment tool market, this cycle is visible. The sole different splits the relation is maturity. Crypto exchange in the industry is born to unite participants and market itself to form a space where every part can supplement each other and get iterated and progressed further into the prospect. It is to serve this goal that Coinyee codes its path to be a "light and exquisite" crypto exchange.

Many expect Bitcoin's Store of Value and Medium of Exchange works one day in the near future, but we should start the journey with stickiness to the intrinsic value of crypto asset. Here at Coinyee, all listed projects have been strictly vetted to prevent hacks and potential risks. It's a promise for traders. There's no "one fits all" standard - Coinyee tailored plans to assess projects and it brought Coinyee to fruition: In the bitter crypto winter, not a single project was delisted.

Peace out and move on.