NEWSROOM

With the dominance of Bitcoin falling from 95% to 40% in the crypto money market, which reached over 2 trillion dollars in 2021, the market balance was established as a result of the shrinking of the transaction volumes of the whales. In the market, which followed a balanced course with the returns of other investment instruments such as gold and stock market in the ecosystem, illegal activities also decreased below 1%. With the effect of the regulations to be put into effect in 2022, the speculative image of the market is expected to be completely broken.

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ISTANBUL (TR) - The developments in the crypto money market, which closed 2021 in the shadow of harsh fluctuations, show that the balances are starting to settle. The weight of Bitcoin, which dominated 95% of the market 4 years ago, dropped to 40% in 2021. The market share of currencies such as Ethereum, Tether, BNB and Cardano, which are in the top 10 among crypto assets, reached 20%. Ethereum, the most preferred cryptocurrency, gained over 400% in 2021, while Bitcoin remained at 70%. Stating that the regulations, which were partially postponed during the pandemic process, will save the market from being speculative in 2022, Paritex CEO Özgür Serkan USLU said, “2021 was a period when illegal activities over cryptocurrencies decreased. This process has also had an impact on fraud cases and the market has regained confidence. The image of Bitcoin, whose market share has narrowed, dominating the market has been destroyed. The increase in the value of crypto assets other than Bitcoin shows that the balances are settled.”

The era when whales swallowed small fish is over

Noting that the correlation provided in the crypto money market is an indication that the balances are in place, Özgür Serkan USLU said, “According to the shares of Kaiko, which operates as a data provider for cryptocurrency markets, Bitcoin's correlation with Nasdaq came to 0.61 points, while its correlation with S&P 500 remained at 0.58 points. This shows that bitcoin has gained a close movement to traditional investment vehicles. The decrease in the trading volume of whales, which are defined as large investors in Bitcoin, also supported the market balance. This opens up space for small investors. The era when whales swallowed small fish is over. Investor balance was also established in the market.”

Investments in safe pool

Expressing that the cryptocurrency market will increase its position in the ecosystem with the spread of new investment instruments such as NFT, GameFi, DeFi, and Metaverse simultaneously with the regulations, Paritex CEO Özgür Serkan USLU said, “As Paritex, we have provided a secure structure to purchase and sale transactions with the blockchain technologies we offer in 3 continents and our high-level security infrastructure. With our solution center position in the crypto money market and blockchain world, we host investments in our pool equipped with high-level security measures. We protect crypto assets in offline multi-signature cold wallets away from all kinds of cyber attacks.”

Support for domestic crypto money projects

Paritex CEO USLU said, “As Paritex, we will support domestic cryptocurrency projects that will come out of Turkey in 2022 as well. We will carry out the task of incubating domestic cryptocurrency projects that will contribute to the ecosystem to become global projects. Our ultimate goal is to contribute to our economy by bringing foreign currency to our country.”