Although there has been a market correction in the Cryptocurrency market in 2018, everyone agrees that the best hasn’t come. There are many activities on the market that have changed waves to be better. With the right analysis and the right dose of optimism, anyone invested in the Crypto market can make millions from him. The Cryptocurrency market is here to stay for the long term. Here in this article, we give you five positive factors that can spur further innovation and market value in Cryptocurrency.
1. Innovation in Scale
Bitcoin is the first cryptocurrency on the market. It has the maximum number of users and the highest value. This dominates the entire Cryptocurrency system value chain. However, it’s not without problems. The main bottleneck is to be able to handle only six to seven transactions per second. In comparison, credit card transactions averaged several thousand per second. Apparently, there is a scope for improvement in the transaction scaling. With the help of the peer to peer transaction network above Blockchain technology, it is possible to increase transaction volume per second.
2. Legitimate ICOS
Even though there is cryptocoin with stable values on the market, new coins are being made designed to serve certain purposes. Coins like iota are intended to help the internet in things that exchange currency markets. Some coins discuss the problem of cybersecurity by providing an encrypted digital safe for saving money.
The new ICOS comes with innovative solutions that interfere with existing markets and bring new values in transactions. They also collect authority in the market with their easy-to-use exchanges and reliable backend operations. They innovate both on the side of the technology regarding the use of special hardware for the mining side and financial market by providing more freedom and option to investors in exchange.
3. Clarity on Regulations
In the current scenario, most of the government studies the impact of the Cryptocurrency in the community and how the benefits can be obtained to the community in general. We can hope that there may be a reasonable conclusion according to the results of the study.
Some governments have taken routes legalizing and managing the Crypto market just like other markets. This will prevent retail investors who do not know to lose money and protect them from danger. Able regulation that increases Cryptocurrency’s growth is expected to emerge in 2018. It has the potential to open the way for widespread adoption in the future
4. Application improvement
There is very large enthusiasm for the application of Blockchain technology in almost every industry. Some startups appear with innovative solutions such as digital wallets, debit cards for Cryptocurrency, etc. This will increase the number of traders who are willing to transact in the cryptocurrency which in turn increases the number of users.
Crypto’s asset reputation as a transaction media will be strengthened as more trust in this system. Although some startups may not survive, they will positively contribute to the overall health of the market creating 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 trigger the subsequent growth phase of Cryptomarkets. It has captured many banks and financial institutions.