Things That Look Positive for Cryptocurrencies

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While there were market corrections in cryptocurrency market in 2018, everyone agrees that the very best is yet to come. There have been a lot of activities on the market which have changed the tide for the better. With proper analysis and the proper dose of optimism, anyone who’s committed to the crypto market can make millions from it. Cryptocurrency market is here to remain for the long term. Here in this article, we offer you five positive factors that may spur further innovation and market value in cryptocurrencies.

1. Innovation in scaling

Bitcoin may be the first cryptocurrency available in the market. It has the maximum amount of users and the highest value. It dominates the complete value chain of the cryptocurrency system. However, it isn’t without issues. Its major bottleneck is that it could handle only six to seven transactions per seconds. In comparison, charge card transactions average at few thousands per second. Apparently, there’s scope for improvement in the scaling of transactions. With the aid of peer to peer transaction networks along with the blockchain technology, it is possible to increase the transaction volume per second.

2. Legitimate ICOs

While there are cryptocoins with stable value available in the market, newer coins are being created that are designed to serve a specific purpose. Coins like IOTA are designed to help the web Of Things market exchanging power currencies. Some coins address the problem of cybersecurity by giving encrypted digital vaults for storing the money.

New ICOs are coming up with innovative solutions that disrupt the existing market and bring in a new value in the transactions. They are also gathering authority on the market with their user friendly exchanges and reliable backend operations. They are innovating both on the technology side regarding usage of specialized hardware for mining and financial market side giving more freedom and options to investors in the exchange.

3. Clarity on regulation

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

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

4. Increase in application

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

The trustworthiness of crypto assets as a transaction medium will undoubtedly be reinforced as more people rely upon this system. Even though some startups may not survive, they’ll positively contribute to the overall health of the marketplace creating competition and innovation.

5. Investment from financial institutions

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

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