Home Cryptocurrency 6 Cryptocurrency Trends for 2018

6 Cryptocurrency Trends for 2018

Crypto-currencies will definitely be the highlights of this year as far as the financial world is concerned. Much attention will be given to them

Many analysts across the world view cryptocurrency as being a mighty force in 2018.

Bitcoin to lose its throne

Bitcoin began on 2009, and has much leading the cryptocurrency industry. In fact  2017 has been rather  favorable one for Bitcoin with the top cryptocurrency thus  leading others by a high margin. There are other currencies that are also getting competitive. These could prove to be much of challenge to cryptocurrency.

Decentralized applications (dApps) to gain traction

The main idea behind cryptocurrency is “Decentralization”. There are a variety of decentralized applications being built.

Most of these apps will become live this. These apps can be made use  for different purposes:

  • tokenization of assets
  • payments & lending
  • insurance
  • gambling
  • and many other uses.

The value of cryptocurrencies keeps growing

The cryptocurrency market can grow further. On the whole the market would continue to grow.

In 2018,  it is felt that more institutions and more individuals will buy bitcoin and other cryptocurrencies. Buyers do need to take precautions. Bitcoin cannot continue to grow in value unless it scales in the real world.  It is important that critical governance issues need to be solved as well.

Within the next coming decade, top cryptocurrencies would be widely used on several platforms.

Cryptocurrencies will be legitimized

The cryptocurrency market is increasing and flourishing rapidly. Blockchain is indeed a database or account book of interconnected records of peer-to-peer proceedings. These are called blocks. O start with most organizations and governments were against cryptocurrencies. The benefits of cryptocurrencies were gradually being acknowledged.

In 2018, governments as well as financial institutions will indeed  work towards standardizing and legitimization of cryptocurrencies.

Thеrе will bе a mаjоr соrrесtiоn in thе ALTS

This year, one will see a mаѕѕivе rеrаting оf the аltѕ space.

Cоinbаѕе’ѕ еxtrеmе influеnсе will continue

As far as the United State is concerned, there are rеаllу only three retail оn-rаmрѕ into сrурtо, Cоinbаѕе, Gemini, and Kraken. It is expected to be an intеrеѕting уеаr for еxсhаngеѕ.

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