After more than a year of waiting, it’s official — crypto is making a comeback. By midway through May, Bitcoin broke the $8k barrier, and the global crypto market cap hit its annual high of over $260bn. Although analysts aren’t predicting the same price mania we saw in December 2017, the overall market sentiment is still far more bullish than it has been in the last twelve months.
The analysts are probably right to remain cautious. After all, the previous big bull run was based on a vast amount of hype linked to the ICO boom. Too many startups were selling grand visions, which turned out to be over pumped (at best) or exit scams (at worst).