Is the Crypto Rebound for Real?

Crypto product valuations are rising as they technology is making progress

Crypto prices are making a comeback but fundamentals are changing too. Shutterstock

After more than a year dwelling in the cellar of price collapse and humiliation, Bitcoin is leading a resurgence in the cryptocurrency world. From April 1 through April 8 of this year, the world’s first cryptocurrency’s price increased by 20 percent. Other major cryptocurrencies such as Ethereum, Litecoin, and Ripple have also seen their values rise rapidly and quite high, before giving back a little of their gain. More experts predict that “cryptos” are now here to stay.

Of course, not every cryptocurrency has benefitted from the rebound, but it does beg the question, is this latest cryptocurrency rally for real?

Why now?

Looking back over the past decade, the big idea of cryptocurrencies was that safe, anonymous transactions could be made by anyone anywhere in the world, in currencies that weren’t controlled, manipulated or devalued by corrupt central banks. That was the whole premise of Bitcoin, which was created in 2008 in the midst of the global financial meltdown. Over the next few years, speculators and investors warmed to the idea of Bitcoin and many more nascent cryptocurrencies. Bitcoin and others saw their prices rise and fall repeatedly.