We did say that Altcoins would move into the limelight in 2020. That was based on the fact that, Altcoins did start making some positive gains.
The 2020 pandemic which developed through the end of 2021, did not severely affect the crypto industry. CERESGLOBAL did face a few challenges as, project development was in progress. The good part is that, 2021 has quickly brought things back on track for us.
Early 2021 did put Altcoins on the backseat for a while, this was due to the fact that Bitcoin was sizzling. Even seasoned crypto players were predicting, astronomical numbers for BTC. It was as if nothing could go wrong, crypto market sentiment was surging.
And then came mid May 2021 when, someone dumped a big lot of Bitcoin. Elon Musk later admitted that, he had done it to prove that BTC was liquid! Markets crashed and thousands of small and micro Bitcoin holders lost money. It became apparent that, despite the massive size of crypto markets – the whims and fancies of a single investor could, bring markets crashing to the ground.
While Bitcoin did make a recovery, price levels were far below expectations. Mid July 2021 and investors seemed to fear a repeat, BTC kept struggling to move up and continue its journey to higher price levels. While a smart recovery could not be ruled out, it is quite clear that Bitcoin could no longer be a main pillar of crypto markets.
The crypto industry cannot sit fingers crossed for days and months, hoping for a Bitcoin miracle. A wiser option would be to reconfigure crypto markets, to be sturdier and more resilient. It would be impossible to achieve that without, bringing Altcoins to the fore. Altcoins in this case have a strategic role to play and Glitzkoin, has some recommendations.
As we move towards 2022, it would be necessary to encourage and promote Altcoins with potential. Around 200 to 300 such Altcoins (from the existing 5,000+) would need to start trading actively. The total trade value generated would be substantial. This would lead us to crypto markets that are not, totally dominated by Bitcoin trade.
Such a scenario would make crypto markets sturdier, it would also attract a wider base of investors. The increased number of actively trading cryptocurrencies, would result in more resilient markets.
And all this would require Altcoins to start getting their act together – now. The rise of Altcoins in 2022, should be welcomed by all crypto industry stakeholders.
Attraction of SOCTF (aka Stock of Ceres Trust Fund) Electronic Stocks
- SOCTF is considered by experts to be a jewel in the financial industry in 2021, because it is not only supported by the Ceres Global group with more than 50 years in the jewelry and gem business, but it is also supported by Blockchain believers.
- It can be said that this move of the Ceres Trust Fund is a very bold step, and also a step that promises to bring extremely positive results to the financial market in early 2021.
- To be exact, with this strategic move, the Ceres Investment Trust is giving investors an opportunity to bring diamond value.
For more information, please visit us via: