Although there are market adjustments in the cryptocurrency market in 2018, everyone agrees that the best is yet to come. There are many activities on the market that can change the tide for the better. Anyone investing in cryptocurrency with the right analysis and the right dose of optimism can earn millions from it. The Cryptocurrency market is here to stay for a long time. Here in this article we present five positive factors that can drive cryptocurrencies to further innovation and market value.
1. Innovation in the field of measurement
Bitcoin is the first cryptocurrency on the market. Has the maximum number of users and the highest value. It dominates the entire value chain of the cryptocurrency system. But it's not without problems. Its main difficulty is that it can handle only six to seven operations per second. By comparison, credit card transactions averaged several thousand per second. Apparently there are opportunities to improve the scale of operations. With the help of peer to peer to Transaction networks, blockchain technology can increase the amount of transactions per second.
2. Legal ICOs
While there are cryptocurrencies with fixed value on the market, new coins are being created that serve a specific purpose. Coins like IOTA aim to help exchange power currencies in the Internet Things market. Some coins are addressing cyber security issues by providing cryptocurrency digital cash desks.
New ICOs offer innovative solutions that disrupt the existing market and bring new value to operations. They also gain access to the market with easy exchange and reliable return transactions. The stock exchange is also technologically innovative in the use of special equipment for mining and financial markets, giving investors greater freedom and choice.
3. Clarification on regulation
In the current scenario, most governments are exploring the impact of cryptocurrencies on society and how their benefits will be communicated to the community. One can expect reasonable results from the research.
Many governments, like any other market, are pursuing the legalization and regulation of cryptocurrencies. This will prevent ignorant retail investors from losing money and protect them from losses. The abling regulations that boost Cryptocurrency growth are expected to appear in 2018. This will open the way for further expansion
4. Increase in application
Almost every document has great motivation for the application of blockchain technology. Some startups have digital wallets, debit cards for cryptocurrencies, and so on. They act as innovative solutions. This, in turn, will increase the number of traders seeking to trade with cryptocurrencies, which increase the number of users.
As a result of people's trust in the system, the reputation of cryptocurrencies as an operational environment will be strengthened. While some startups have survived, it will have a positive impact on the overall health of the market, creating competition and innovation.
5. Investment from financial institutions
Many international banks are following the cryptocurrency scene. This could lead to institutional investors entering the market. The influx of significant institutional investments will push for the next phase of cryptocurrency growth. It has captured the dreams of many banking and financial institutions.
As surprises and problems around cryptocurrencies become less common, more and more investors will be drawn to traditional investors. This will result in a lot of the dynamic and liquidity needed for any growing financial markets. Cryptocurrency will be the defacto currency for transactions around the world.