While there happen to be market corrections in cryptocurrency market in 2018, everybody agrees that the best is yet to come. There have been a whole lot of activities in the market that have changed the tide for the higher. With proper analysis as well as the right dose of optimism, anybody who is invested within the crypto market could make millions out of it. Cryptocurrency marketplace is here to stay for the long term. Here inside this article, we give you five positive factors that may spur further innovation and market value in cryptocurrencies.
Innovation in scaling - Bitcoin will be the first cryptocurrency in 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 flip side, it is not without issues. Its major bottleneck is the fact that it can handle only six to seven transactions per seconds. In comparison, credit card transactions average at few thousands per second. Apparently, there is scope for improvement in the scaling of transactions. With the aid of peer to peer transaction networks in addition to the blockchain technology, it's possible to improve the transaction volume per second.
Legitimate ICOs - While you'll find live crypto price cryptocoins with stable value in the market, newer coins are going to be created that are designed to serve a specific purpose. Coins like IOTA are intended to help the net Of Things market exchanging power currencies. Some coins address the issue of cybersecurity through giving encrypted digital vaults for storing the money.
New ICOs are coming up with innovative solutions that disrupt the current market and bring in a brand new value in the transactions. They can be also gathering authority within the market with their easy to use exchanges and reliable backend operations. They can 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 within the exchange.
Clarity on regulation - Within the current scenario, most governments are studying the impact of cryptocurrencies on the society and the way its benefits can be accrued to the community at large. We may expect that there can be reasonable conclusions as per the result of the studies.
Few governments seem to be taking the path of legalising and regulating crypto markets as with every other market. This is going to 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 will potentially pave the way for widespread adoption in future
Increase in application - There is enormous enthusiasm for the application of blockchain technology in just about every industry. Some startups are coming up with innovative solutions such as digital wallets, atm cards for cryptocurrencies, etc. this will certainly raise the range of merchants who are prepared to transact in cryptocurrencies which in turn enhance the range of users.
The trustworthiness of crypto assets as a transaction medium will be reinforced as more people trust in this particular system. Although some startups might not survive, they will positively contribute to the overall health of the market creating competition and innovation.
Investment from financial institutions - Many international banks are watching the cryptocurrency scene. This may 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. This tends to lead to a lot of dynamism and liquidity much needed for any growing financial markets. Cryptocurrency will become the defacto currency for transactions all around the world.
Innovation in scaling - Bitcoin will be the first cryptocurrency in 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 flip side, it is not without issues. Its major bottleneck is the fact that it can handle only six to seven transactions per seconds. In comparison, credit card transactions average at few thousands per second. Apparently, there is scope for improvement in the scaling of transactions. With the aid of peer to peer transaction networks in addition to the blockchain technology, it's possible to improve the transaction volume per second.
Legitimate ICOs - While you'll find live crypto price cryptocoins with stable value in the market, newer coins are going to be created that are designed to serve a specific purpose. Coins like IOTA are intended to help the net Of Things market exchanging power currencies. Some coins address the issue of cybersecurity through giving encrypted digital vaults for storing the money.
New ICOs are coming up with innovative solutions that disrupt the current market and bring in a brand new value in the transactions. They can be also gathering authority within the market with their easy to use exchanges and reliable backend operations. They can 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 within the exchange.
Clarity on regulation - Within the current scenario, most governments are studying the impact of cryptocurrencies on the society and the way its benefits can be accrued to the community at large. We may expect that there can be reasonable conclusions as per the result of the studies.
Few governments seem to be taking the path of legalising and regulating crypto markets as with every other market. This is going to 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 will potentially pave the way for widespread adoption in future
Increase in application - There is enormous enthusiasm for the application of blockchain technology in just about every industry. Some startups are coming up with innovative solutions such as digital wallets, atm cards for cryptocurrencies, etc. this will certainly raise the range of merchants who are prepared to transact in cryptocurrencies which in turn enhance the range of users.
The trustworthiness of crypto assets as a transaction medium will be reinforced as more people trust in this particular system. Although some startups might not survive, they will positively contribute to the overall health of the market creating competition and innovation.
Investment from financial institutions - Many international banks are watching the cryptocurrency scene. This may 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. This tends to lead to a lot of dynamism and liquidity much needed for any growing financial markets. Cryptocurrency will become the defacto currency for transactions all around the world.