The crypto currency market is finding its feet again after a bloodbath in early February. The current market cap of all currencies combined reached a respectable $500 billion at the time of writing, after weeks of uncertainty. The flash crash in early February was a result of investors freaking out because of regulatory changes all over the world including India where Finance Minister Arun Jaitley said that even though the government would look for application of blockchain technology, the use of crypto currencies in legal transactions was prohibited.

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Even though crypto bull runs are highly volatile and trading the currencies comes with high risk, the market correction couldn't have come at a better time. Insiders feel that prices of many currencies are still bloated even though assets such as Bitcoin, Ripple and Ethereum seem to be consolidating because of their popularity (digital gold, Bitcoin),incredible tech (financial tool, Ripple) and scalable platforms (dApps, Ethereum).

One of the primary reasons that contributed in this incredible recovery over such a short period of time is the tech behind most of the crypto currencies. Real world use cases have overshadowed the market perception and that has helped bring in a lot of investors back into the crypto space. Take for example XRP, a crypto currency that helps in settling cross-border payments in seconds. The real world implications of such technology are immense and there are multiple billion dollar companies currently using this technology.

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The crypto tech is in a nascent stage and it will definitely go through a lot of troughs and peaks before it settles and emerges as the next big innovation since the Internet. Till then, all you need to do is look out for this space to read about interesting projects which have the potential to change the world and make you a lot of money.