Following some traders at Investing.com App i reached a thread where they were discussing the future impact of the current crisis on crypto markets and talking about some stocks.
Summarizing, they were saying that by the end of the year some cryptocurrencies may dissapear while others will be strengthened due to the effects of the Coronavirus Pandemic over the world economy. Cryptocurrencies like Bitcoin, Ethereum, XRP, ChainLink and Cardano that have real use cases will be the winners while others will completely disappear.
According to this article at Changelly Website the Pandemic will have an impact on crypto mining industry as well as on cryptocurrencies capitalization due to heavy demand of some of them, such as Bitcoin…
What’s your take on this matter? Do you think some cryptos will be strengthened by the end of the year and other will simply dissapear because the effects of the global pandemic over world economy?