The crypto industry performed nothing less than wonder in 2017. But, 2018 proved to be a troubling one for the industry of cryptocurrency. Its market faced a severe value down in the year. Numerous of the cryptocurrencies went down around a loss of 75%! Several points could be blamed for this conditions like the change in regulations, short-sight view regarding cryptocurrencies etc. Undoubtedly it would be early to conclude the ending of the crypto market after just one year of loss.
Expectations in 2019:
Even though the presence of all the losses in this industry lead few to doubt about the future promises of cryptocurrencies, the upcoming year is surely going to be one of the trends changing and up heading year for the industry of blockchain. Various factors related to are changing and these factors are promising a positive impact on the market in the upcoming year. So, let’s have a glance at the future predictions of cryptocurrency having a positive impact in 2019:
The accelerated trend of Blockchain:
Blockchain stocks didn’t appear to be doing well last year, The reason was the low interest of companies towards it. But by the end of the year, the situation has changed dramatically. Nowadays, most of the companies are spending a huge amount of money on blockchain initiatives, also, the amount and trend are continuously increasing. According to a survey conducted by PwC, just only in 2019, the demand related to blockchain services is expected to be around $1.7 billion and by 2022, it could reach to around $12 billion! These surveys clearly exhibit the pace at which the blockchain is going to accelerate in the coming year.
The rise of Ripple as newly trusted cryptocurrency:
Ripple and its XRP token have been emerging as the most trusted cryptocurrency at a very fast pace. Due to its ‘low-risk high reward’, it is on its way to becoming the new bitcoin in the future. Most of the organizations having a huge amount of monetary investments are now leaning towards Ripple & its XRP tokens. Undoubtedly, we can see Ripple reaching a price forecast of $20 in the upcoming year provided the normal factors affecting the same like its improving technical solutions, the flow of money of various organizations into its tokens etc. are not drastically affected.
Entry of institutional money into cryptocurrencies:
If the normal trends of the crypto market continue, institutional money will finally enter into cryptocurrency in this year. The sign of entrance of this money in the market began to be felt in the last months of 2018 and surely in 2019, this will take place. Various kind of cryptocurrency investment platform for institutional money is already present in the market whereas a huge number of such platforms are under development with additional features. Institutions seem to be more interested in cryptocurrencies rather than the retailers. However, they were not having a sufficient amount of efficient investments platforms to perform. The existing tools were not so much good to meet their security expectations. While 2019 has already given birth to a lot of such platforms, the share of institutional money in the crypto industry is surely going to a huge. The no. of transactions in the crypto market is increasing considerably. The capable software developers are providing easier and secure platforms for these transactions. These signs altogether indicate that 2019 could be that year of entry of institutional money into the market and would ignite the down valued loss of the crypto industry that it faced in 2018.
Bitcoin- future in 2019:
Bitcoin suffered the most last year. It went down to almost 75% of what it had during December 2017. Now in 2019, people must note down that several things have changed rapidly in cryptocurrencies. The rivals of bitcoins have emerged, the market has changed, technology for security has evolved, and most important for the very first time after the rising of bitcoin, the crypto industry trade is not limited to just one side rather has become trade from both sides. These points ensure that those days are gone when you expect bitcoin to be 10x profitable. However, still in 2019, bitcoin will remain the leading cryptocurrency. It will still hold the majority of investors participating in the crypto market.
The emergence of feasible platforms:
A lot of new and feasible platforms designed for the transaction of cryptocurrencies are scheduled in 2019. Zilliqa, which is capable of performing transactions around 3000 per second in a safer way; OmiseGo, aiming to create a decentralized exchange and scalable PoS blockchain etc are famous to be launched in 2019. Also, major companies like Volkswagen have tied up with crypto market organizations to produce some wonders and that to be scheduled in this year. It would not be wrong to say that these platforms and products would enhance the crypto industry and its interest among investors.
Although the crypto industry suffered a lot in 2018, one could take the inspiration of struggling resilience, it depicted. Several things have changed now. New rules, regulations, platforms, and technologies have emerged. Even though their results on the crypto market might not be known with certainty, conditions seem to be in favor of the crypto market the upcoming year. Various factors like stakeholders, development, market inflations etc are still the most affecting ones. If the mentioned predictions go as thought, the crypto industry could repeat its wonder as it did two years back in 2017. In short notes, the cryptocurrencies’ future looks more secure and reliable in 2019!