While there are already market corrections in cryptocurrency market in 2018, everybody agrees that the most effective is yet to come. There happen to be a lot of activities within the market that have changed the tide for the greater. With proper analysis and the right dose of optimism, anyone who is invested in the crypto market can make millions out of it. Cryptocurrency market is here to stay for the long term. Here in the article, we give you five positive factors that may spur further innovation and market value in cryptocurrencies.

Bitcoin is the first cryptocurrency within the market. It has the maximum number of users and also the highest value. It dominates the entire value chain of the cryptocurrency system. On the other hand, it's not without issues. Its major bottleneck is that it can handle only six to seven transactions per seconds. In comparison, bank card transactions average at few thousands per second. Apparently, there is scope for improvement within the scaling of transactions. With the help of peer to peer transaction networks in addition to the blockchain technology, it's possible to increase the transaction volume per second.

While there are actually cryptocoins with stable value in the market, newer coins will be created which are designed to serve a particular purpose. Coins like IOTA are intended to help the internet Of Things market exchanging power currencies. Some coins address the issue of cybersecurity by offering encrypted digital vaults for storing the cash.

New ICOs are developing innovative solutions that disrupt the existing market and bring in a brand new value in the transactions. They are also gathering authority in the market with their easy to use exchanges and reliable backend operations. They may be innovating both on the technology side regarding usage of specialized hardware for mining and financial market side by providing more freedom and options to investors in the exchange.

Within the current scenario, most governments are studying the impact of cryptocurrencies on the society and just how its benefits can be accrued to the community at large. We may anticipate that there can be reasonable conclusions as per the result of the studies.

Few governments are already taking the path of legalising and regulating crypto markets just like any other market. This may prevent ignorant retail investors from losing money and protect them from harm. Abling regulations that boost cryptocurrency growth are expected to appear in 2018. This may potentially pave the way for widespread adoption in future

There is enormous enthusiasm for the application of blockchain technology in just about every industry. Some startups are coming up with innovative solutions for example digital wallets, debit cards for cryptocurrencies, etc. it will boost the number of merchants who are ready to transact in mine cryptocurrencies which in turn increase the number of users.

The standing of crypto assets as a transaction medium will be reinforced as more individuals trust inside this system. Although some startups might not survive, they will positively contribute to the all around health of the market creating competition and innovation.

Many international banks are watching the cryptocurrency scene. This might lead to the entry of institutional investors into the market. The inflow of substantial institutional investments will fuel the next phase of growth of the cryptomarkets. It has captured the fancy of numerous banks and financial institutions.

As the surprises and bottlenecks around cryptocurrencies reduce, there will be more uptake from traditional investors. It will lead to a lot of dynamism and liquidity much needed for just about any growing financial markets. Cryptocurrency will become the defacto currency for transactions all over the world.