How do I perceive the current momentum of the cryptomarket, has enthusiasm returned to the crypto world?
The price of the cryptomarket has recovered, we knew that when the United States recovered its economy and inflation went down, then the increase in interest rates by the FED would decrease, and that would have a positive impact on the cryptomarket, however in particular I try that euphoria does not cloud my sense of reflection to know that any fundamental can change the trend from one moment to another, for now I just hope it continues to recover, as the prices of some cryptocurrencies have risen but not enough.
If we take into account the main reason why the market has been recovering, we could analyze that if no bad news happens that has to do with exchange bankruptcies and no crypto project becomes a scam, then I believe that the whole cryptomarket will continue recovering little by little.
As long as there is that sentiment that has come back to people, which is to consider the dollar as inflationary, and that it is best to place with high risk assets such as cryptocurrencies, since no one wants their savings to depreciate, otherwise if people in a solid dollar and a risky crypto market, I just hope that for the sake of the cryptomarket people continue to trust in cryptocurrency and continue to invest in this type of digital assets.
Personally I believe that the cryptomarket must mature in the direction of large investors, since they are the ones who quickly exited their holdings, it was known that the market at some point would show signs of recovery. Logically it remains to wait, however we cannot deny the fact that it has improved, and we continue to expect more recovery.
The difference that the cryptomarket has had now in relation to the past is that small investors have been able to keep their holdings because they have understood that this is how the economy and finance is, everything that goes up has to go down, and everything that goes down has to go up.
Let's hope for good things.