Things that look positive for cryptocurrencies


Although in 2018 the cryptocurrency market underwent market adjustments, everyone agrees that the best is yet to come. There have been many activities in the market that have changed the flow for the better. With proper analysis and the right dose of optimism, anyone who invests in the crypto market can make millions from it. The cryptocurrency market will remain here for a long time. In this article, we give you five positive factors that can push further innovation and market value in cryptocurrencies.

1. Innovation in scaling

Bitcoin is the first cryptocurrency on the market. It has the maximum number of users and the greatest value. It dominates the entire value chain of the cryptocurrency system. However, there were problems. Its main bottleneck is that it can only process six to seven transactions per second. In comparison, credit card transactions average several thousand per second. Apparently, there are opportunities to improve the scaling of transactions. With peer-to-peer transaction networks on top of blockchain technology, you can increase the amount of transactions per second.

2. Legitimate ICOs

While the market has cryptocurrencies with a stable price, new coins are created designed for a specific purpose. Coins like IOTA are designed to help the Internet of Things exchange power currencies. Some coins address cybersecurity by providing encrypted digital repositories to store money.

New ICOs develop innovative solutions that disrupt the existing market and bring new value to the transaction. They are also gaining credibility in the market thanks to easy-to-use exchanges and reliable backend operations. They innovate both in terms of technology regarding the use of specialized mining equipment and in the financial market, giving more freedom and opportunities to stock market investors.

3. Clarity of regulation

In the current scenario, most governments are studying the impact of cryptocurrency on society and how its benefits can be accrued to society as a whole. It is to be expected that research can lead to reasonable conclusions.

Few governments are already following the path of legalizing and regulating crypto-markets like any other market. This will prevent ignorant retail investors from losing money and protect them from harm. It is expected that in 2018 there will be Abling rules that stimulate the growth of cryptocurrencies. This will potentially pave the way for widespread adoption in the future

4. Increase the application

There is tremendous enthusiasm about the application of blockchain technology in virtually every industry. Some startups offer innovative solutions such as digital wallets, debit cards for cryptocurrencies, etc. This will increase the number of traders willing to trade in cryptocurrencies, which in turn will increase the number of users.

The reputation of crypto-assets as a carrier of transactions will be strengthened as the number of people who trust this system increases. Although some startups may not survive, they will positively contribute to the overall health of the market by creating competition and innovation.

5. Investments of financial institutions

Many international banks are watching the cryptocurrency scene. This may lead to the entry of institutional investors. The inflow of substantial institutional investment will push the next phase of cryptocurrency growth. This has fascinated many banks and financial institutions.

As surprises and bottlenecks around cryptocurrencies diminish, traditional investors will be more absorbed. This will lead to the great dynamism and liquidity needed for any growing financial markets. Cryptocurrency will become the default currency for transactions worldwide.