Even though there has been a market correction in the Cryptocurrency market in 2018, everyone agrees that the best hasn’t come. There are many activities in the market that have changed tide to be better. With the right analysis and the right dose of optimism, anyone invested in the crypto market can make millions from it. The Cryptocurrency market is here to stay for the long term. Here in this article, we provide five positive factors that can spur further innovation and market value in Cryptocurrencies.
1. Innovation on a scale
Bitcoin is the first cryptocurrency on the market. It has the maximum number of users and the highest value. It dominates the entire value chain of the cryptocurrency system. However, it’s not without problems. The main obstacle is that it can only handle six to seven transactions per second. In comparison, credit card transactions are on average at several thousand per second. Apparently, there is room for improvement in the transaction scale. With the help of colleagues to the colleague’s transaction network above Blockchain technology, it is possible to increase transaction volume per second.
2. ICOS is valid
Although there is Cryptocoins with a stable value on the market, new coins are being made designed to serve certain purposes. Coins such as iota are intended to help the Internet of the market exchange electricity. Some coins resolve the problem of cybersecurity by providing a digital dome encrypted to save money.
New ICOS that comes with innovative solutions that interfere with existing markets and bring new values in transactions. They also collect authority in the market easily they are to use reliable exchange and backend operations. They innovate both on terms of technology regarding the use of special hardware for mining and financial markets by providing more freedom and choices for investors on the stock exchange.
3. Regulatory clarity
In this scenario, most governments are studying the impact of Cryptocurrencies in the community and how the benefits can be accepted by the wider community. We can hope that there may be reasonable conclusions according to the results of the study.
Some governments have taken routes from legalization and arranging crypto markets such as other markets. This will prevent stupid retail investors from losing money and protecting them from danger. Abling regulations that increase cryptocurrency growth are expected to appear in 2018. This has the potential to open the way to be widely adopted in the future
4. Improve in the application
There is great enthusiasm for the application of Blockchain technology in almost every industry. Some startups that come with innovative solutions such as digital wallets, debit cards for cryptocurrencies, etc. this will increase the number of traders who are willing to transact in Cryptocurrencies which in turn increase the number of users.
The reputation for crypto assets as a transaction media will be strengthened because more people believe in this system. Although some startups cannot survive, they will positively contribute to the overall health of the market to create competition and innovation.
5. Investment from financial institutions
Many international banks watch the cryptocurrency scene. This can cause the entry of institutional investors to the market. The entry of substantial institutional investment will fuel the next stage of the growth of Cryptomarkets. It has captured luxury from many banks and financial institutions.