What affects the exchange rate of cryptocurrencies

If you read "cryptocurrency" analyst, you can notice an interesting trend: a year ago, the main factors influencing cryptocurrency rates were rumors, various actions of regulators, statements of officials and other events, not always associated with the crypto market. 

For the last six months, the market has been waiting for Bitcoin-ETF. One of the influential people said something optimistic, and the market is growing, another said skeptically, and the market is falling.

And now, pay attention - analysts say that the market is growing because America’s interest rate is expected to decline.

What does that mean?

This means that cryptocurrencies, and especially Bitcoin, are no longer a separate part of the economy. More recently, the whole crypto business stood on the side, isolated in itself. 

Everything that happened in the crypto had no effect on the rest of the economy, and vice versa.

This makes sense, in fact, the entire crypto business involved trading cryptocurrencies. Since the total crypto market was at a maximum of about $3 trillion (which is very small compared to the rest of the global markets), its impact on the economy was negligible.

What’s going on now?

Cryptocurrency and blockchain are slowly beginning to penetrate other realms. The same ETF allows you to move from trading on specific crypto exchanges to ordinary stock exchanges. Slowly but surely there are cryptocurrency projects that are not related to trade. And this already fundamentally changes the situation. Cryptocurrency acquires usefulness.

An example of such a project are our Meta Force and especially Meta Force Metaverse. Here the blockchain determines the main properties of the project, and the cryptocurrency becomes its organic part. And there are more and more such projects.

I see the prospect of crypto business development not so much in trade, but in projects like Meta Force. And this inspires optimism.

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