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ITEMS THAT Look Positive for Cryptocurrencies

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

1. Innovation in scaling

Bitcoin may be the first cryptocurrency 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 is not without issues. Its major bottleneck is that it can 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 help of peer to peer transaction networks along with the blockchain technology, you’ll be able to increase the transaction volume per second.

2. Legitimate ICOs

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

New ICOs are coming up with innovative solutions that disrupt the prevailing market and bring in a fresh value in the transactions. Also, they are gathering authority in the market with their easy to use exchanges and reliable backend operations. They are innovating both on the technology side regarding using specialized hardware for mining and financial market side by giving more freedom and options to investors in the exchange.

3. Clarity on regulation

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

Few governments already are 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 will potentially pave just how for widespread adoption in future

4. Increase in application

There’s enormous enthusiasm for the use of blockchain technology in virtually every 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 willing to transact in cryptocurrencies which boost the amount of users.

The reputation of crypto assets as a transaction medium will be reinforced as more people trust in this system. Even though some startups may not survive, they will positively contribute to the entire health of the market 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 crypto markets. It has captured the fancy of many banks and financial institutions.

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