While there have been market corrections in cryptocurrency market in 2018, everybody agrees that the most effective is yet to come. There are already a great deal of activities in the market that have changed the tide for the higher. With proper analysis as well as the right dose of optimism, anyone who is invested within the crypto market might make millions out of it. Cryptocurrency marketplace is here to stay for the long-term. Here in the article, we give you five positive factors that can spur further innovation and value in cryptocurrencies.
Innovation in scaling - Bitcoin is the first cryptocurrency in the market. It has the maximum number of users and the highest value. It dominates the whole value chain of the cryptocurrency system. In contrast, it is not without issues. Its major bottleneck is the fact 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 in the scaling of transactions. With the aid of peer to peer transaction networks in addition to the blockchain technology, it really is possible to improve the transaction volume per second.
Legitimate ICOs - While there are actually cryptocoins with stable value within the market, newer coins will be created that can be 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 giving encrypted digital vaults for storing the cash.
New ICOs are coming up with innovative solutions that disrupt the existing market and bring in a new value in the transactions. They can be 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 giving more freedom and options to investors within the exchange.
Clarity on regulation - Within the current coin prices scenario, most governments are studying the impact of cryptocurrencies on the society and how its benefits may be accrued to the community at large. We may expect that there may be reasonable conclusions as per the result of the studies.
Few governments happen to be taking the path of legalising and regulating crypto markets as with every other market. This will certainly prevent ignorant retail investors from losing money and protect them from harm. Abling regulations that boost cryptocurrency growth are anticipated to appear in 2018. This tends to potentially pave the way for widespread adoption in future
Increase in application - There is enormous enthusiasm for the application of blockchain technology in virtually every industry. Some startups are developing innovative solutions such as digital wallets, atm cards for cryptocurrencies, etc. this is going to increase the range of merchants who are willing to transact in cryptocurrencies which in turn increase the range of users.
The reputation of crypto assets as a transaction medium will be reinforced as more people trust inside this system. Although some startups may not survive, they are going to 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 leads 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 is going to lead to a lot of dynamism and liquidity much needed for just about any growing financial markets. Cryptocurrency will get to be the defacto currency for transactions all around the world.
Innovation in scaling - Bitcoin is the first cryptocurrency in the market. It has the maximum number of users and the highest value. It dominates the whole value chain of the cryptocurrency system. In contrast, it is not without issues. Its major bottleneck is the fact 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 in the scaling of transactions. With the aid of peer to peer transaction networks in addition to the blockchain technology, it really is possible to improve the transaction volume per second.Legitimate ICOs - While there are actually cryptocoins with stable value within the market, newer coins will be created that can be 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 giving encrypted digital vaults for storing the cash.
New ICOs are coming up with innovative solutions that disrupt the existing market and bring in a new value in the transactions. They can be 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 giving more freedom and options to investors within the exchange.
Clarity on regulation - Within the current coin prices scenario, most governments are studying the impact of cryptocurrencies on the society and how its benefits may be accrued to the community at large. We may expect that there may be reasonable conclusions as per the result of the studies.
Few governments happen to be taking the path of legalising and regulating crypto markets as with every other market. This will certainly prevent ignorant retail investors from losing money and protect them from harm. Abling regulations that boost cryptocurrency growth are anticipated to appear in 2018. This tends to potentially pave the way for widespread adoption in future
Increase in application - There is enormous enthusiasm for the application of blockchain technology in virtually every industry. Some startups are developing innovative solutions such as digital wallets, atm cards for cryptocurrencies, etc. this is going to increase the range of merchants who are willing to transact in cryptocurrencies which in turn increase the range of users.
The reputation of crypto assets as a transaction medium will be reinforced as more people trust inside this system. Although some startups may not survive, they are going to 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 leads 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 is going to lead to a lot of dynamism and liquidity much needed for just about any growing financial markets. Cryptocurrency will get to be the defacto currency for transactions all around the world.