Institutional clients are here but is the crypto market ready to welcome them? Developing the right products to serve institutional clients is the key for the crypto industry to reach mainstream adoption, emphasizes Konstantin Anissimov. Many businesses are also developing digital asset solutions and accepting crypto вЂ“ a crucial indicator signaling that cryptocurrencies are now becoming a full-fledged asset class. However, enterprises are not just here to stock up from Bitcoin. рџ‘‰ According to Bitcoin Treasuries, institutionals hold 6.76 percent of the total BTC supply, which includes investments from hedge funds, family offices, private firms, as well as major publicly traded companies, such as Tesla and MicroStrategy. Given that we live in an age when the influence of virtual reality is constantly growing, it is only to be expected that NFTs stand to gain in popularity the further we go, says our CTO, Dmytro Volkov. IoT (Internet of Things) may also become an additional source of demand here. рџ‘‰ Considering their unique nature, the demand for NFTs will depend less on the cryptocurrency market and more on the demand for virtual creations. Konstantin Anissimov says that we are yet to discover the future where this technology will be integrated into key aspects of life, and the concepts of data integrity and ownership become reimagined. They began as a very niche phenomenon revolving around crypto artists yet now are on the verge of transforming into an ecosystem with billions of dollars floating around. рџ‘‰ Non-Fungible Tokens (NFTs) are becoming more and more prominent in the crypto market recently. Monthly recap: Bitcoin and Ethereum post over 30% gains in March The acknowledgment that Bitcoin is now part of the global financial system from such major corporations seems to have been the catalyst that pushed prices to a new all-time high of $61,800 in mid-March, according to Konstantin Anissimov. Exchange rate data from CEX.IO shows that the flagship cryptocurrency opened in March at a low of $45,063 and finished trading at a high of $58,715, providing investors a monthly return of nearly 30%. рџ‘‰ Bitcoin closed its sixth consecutive month in the green. вЂњInvestors have quickly found themselves in need for new safe-haven assets to save their capital,вЂќ says Konstantin Anissimov.Д«itcoin price closes in on new record high as analysts predict вЂpermanent hikeвЂ™ in 2021 рџ‘‰ Bitcoin is in the middle of its fourth major price surge of 2021 and is close to hitting a new all-time high, with some analysts predicting that this rally could be different from the ones that have come before. Konstantin Anissimov believes that Ethereum has broken its correlation with BTC and charts its own course.Д«itcoin, Ethereum hit new ATHs one day before Coinbase listing BTC surpassed its ATH one day before a direct listing by the largest US crypto exchange, Coinbase. The native token of the largest smart contract platform, Ethereum (ETH), reached its new ATH also. рџ‘‰ The most popular cryptocurrency, Bitcoin (BTC) has started discovering its new all-time highs (ATHs), moving above USD 63,000 for the first time in its history and liquidating almost USD 200m in short trading positions in one hour. At the same time, he warns about risks associated with this field. Konstantin Anissimov points out that DeFi, with a proper governance approach, can make payments more transparent, democratizing access to global finance for everyone. And, though the hype had cooled down somewhat by the end of last year, we are still seeing signs of its growing popularity now, well into 2021. рџ‘‰ Decentralized finance (DeFi) took the world of crypto by storm in 2020. In April, our experts discussed a few major topics:Д®xplore our media recap to be fully informed about whatвЂ™s going on in the cryptocurrencies world. And here we are, breaking new psychological thresholds, exploring new opportunities of DeFi, and watching the further adoption turning crypto into a full-fledged asset class. After the indecisiveness of March, the month of April has started a hot season of cryptocurrencies.

Arina nelia