Crypto Currencies Are Able To Take A Punch!

While watching your preferred crypto price action in April, there was apparently a bit of visible influence from the same government bodies which led to the first quarter price torrent. What I'm referring to is the April 23rd talk about at the Massachusetts Institute of Technology - Technology Review titled: Business of Blockchain.

While watching your preferred crypto price action in April, there was apparently a bit of visible influence from the same government bodies which led to the first quarter price torrent

The secession has been headlined by a speaker by Gary Gensler, the former boss of the CFTC (Commodity Futures Trading Commission). The challenge at hand: are cryptos securities and therefore should be regulated by the SEC (Securities and Exchange Commission)? 

I believe, Gensler erupted a big bomb: Ripple and Ethereum were securities and at the same time Bitcoin fit in the description of a medium of crypto exchange.

Incredible, contemplate this for a minute. If Ethereum coin was security that could cause a miserable quantity of registration work to abide by with Securities and Exchange Commission rules and laws.

Even though that would indeed be annoying, the implications to the countless ICO (Initial Coin Offering) tokens making use of the Ethereum technology platform could possibly be much more painful. Thankfully, Mr. Gensler is not running the Securities and Exchange Commission nevertheless his professional and legal arguments could and in all likelihood will be employed sooner or later.

Back in February of this year, when digital currency prices were in free fall, Gensler’s remarks would most likely raise the fear and also exuberate selling pressure. At the time of Gensler’s speak, Ethereum coin  went up in price by almost 7% reported by Coinbase at the same time Ripple coin gathered 8%. This demonstrates that cryptocurrency investors, as well as traders, are learning how to take a punch and not losing perspective.

Crypto Trade Signs Are Good

With crypto currencies, we all can more or less concur that we're pleased whenever prices are climbing. However, whenever price boosts are determined by increased volume, that will get technical analysts buzz taking. Since the beginning of this month (April), Bitcoin order transactions have jumped by 90% and Ethereum by 50%.

Even though all this has been taking place the median transaction fee for Bitcoin continues to be $0.16, and Ethereum transaction is even cheaper at $0.07. Even though this is not precisely totally free, it's a tremendous improvement over the $30 fees Bitcoin investors and traders were paying back in December of 2017.

In A Nutshell

Not all months are going to be as rewarding as April. Double-digit price changes are the hallmark of this crypto market segment. Nevertheless, even after the April market rally, cryptos will continue to provide better value compared to average NASDAQ technology stocks.



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