Crypto Prices Could Break Out Soon

FN Media Group Presents Microsmallcap.com Market Commentary

NEW YORK, Sept. 15, 2022 /PRNewswire/ -- Crypto prices have recently become more bullish for many reasons. One reason for the rebound is due to governments all over the world planning additional rounds of extreme quantitative easing. It's possible that the crypto markets have already bottomed and that the whole industry won't be affected by the pessimistic macro outlook. Particularly concerning Bitcoin, it may turn out to be a risk-off asset, suggesting that even with a general market slump, the price of Bitcoin would continue to rise over the ensuing months and years. One can anticipate that Bitcoin would eventually outperform gold in value or even take some of the bond market's share. If so, there is a lot of space for parabolic price growth for cryptocurrencies over the coming years. This is good news for crypto companies like WonderFi Technologies (TSX:WNDR) (OTCQB:WONDF), BIGG Digital Assets Inc. (CSE:BIGG) (OTCQX:BBKCF), DMG Blockchain Solutions Inc. (TSX-V:DMGI) (OTCQB:DMGGF), Marathon Digital Holdings, Inc. (NASDAQ:MARA), and Riot Blockchain (NASDAQ:RIOT).

WonderFi Technologies (TSX:WNDR) (OTC:WONDF) is an industry leader in technology to improve access to digital assets for all users through centralized and decentralized platforms.

On September 1, WonderFi announced that it has signed an agreement to buy Blockchain Foundry (BCF), which is one of the top North American blockchain development companies.

"This acquisition further solidifies WonderFi as the Canadian leader in the digital asset space," said WonderFi CEO Ben Samaroo. "BCF is on a great trajectory with a diverse set of intellectual property, brand partnerships, and a revenue-generating track-record. The current economic conditions in the crypto market have made it attractive for WonderFi to be able to acquire companies like BCF which carry the potential to compliment our core operating crypto asset trading platforms Bitbuy and Coinberry, while also adding cash, liquid digital assets, and a portfolio of private emerging crypto investments to WonderFi's balance sheet."