What is the future of crypto world, if it's totally captured by manupulators?

in #musing6 years ago


Crypto market is still in its infancy. Institutional money hasn't been pushed to the crypto markets. The money being traded on crypto exchanges is pretty low amount of the total market cap.

This is because it a hustle to move cryptocurrencies. People have to go through a lot to deposit and withdraw their crypto coins from exchanges. This results in low liquidity. This low liquidity causes volatile price movements that can be easily manipulated by whales, that is, those who hold a lot of tokens.

But new technologies are being added to the crypto market that can potentially solve these problems. Kyber Network is working on an exchange that will allow users to quickly exchange their ethereum based tokens and also crypto coins very fast and from within their cold wallets.

Kyber will intregate with popular crypto wallets such as exodus, coinomi, Jaxx, Ledger Nano etc and allow users to exchange tokens from within their cold storage wallets. This will massively increase liquidity in the crypto market and whales trying to manipulate the price of cryptos will get rekt.

People won't have to deposit money to exchanges to sell their tokens. This will increase security of the assets and make things easier. This is just one example. There are other technologies in the work to solve the current problems of the crypto world. So, I hope things will get better in future.

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