Crypto enthusiasts all over the world are rejoicing as the market has finally moved this year, after a bearish 2018 which saw it fall harder than ever.
But despite the 2018 fall in the price of Bitcoin (BTC) and all the other digital assets, crypto experts have said that the year marked a correction which was necessary after the 2017 massive bulls and more than that, it marked the maturation of the crypto market.
Last year saw the valuable projects being separated from the weaker ones.
This year, on the other hand, a lot of crypto experts have suggested that we should be expecting crypto mass adoption. More than that, the bulls were back into the market as well, boosting BTC’s price even over $8,000.
The most important crypto in the market fell back to about $7,200 after that.
Interest in digital assets is surging
They also note that the market at the end of 2017 saw people who had not previously invested in the digital assets entering the market.
Back then, the FOMO was unleashed, and it seems that it’s happening again.
“The crash in the following year had turned many would-be investors off, but as ShapeShift CEO Erik Voorhees explained, Bitcoin and the crypto market operate cyclically,” the online publication noted.
Coinbase’s iOS app made it in the trending list of the AppStore, and this mirrors a resurgence in the interest in BTC for sure, the online publication notes.
There have been a lot of new BTC-related predictions lately, and most of them continue to be bullish. The most recent one claims that BTC will race towards $9,500 and Microsoft reportedly has something to do with this.