The year has gone by, 2017, proved to be an immensely gratifying year for Cryptocurrencies. Cryptocurrencies gained much popularity and acceptance across the world in the past year. The values of leading cryptocurrencies such as Bitcoin, Ethereum, Ripple among others surged to almost 2000% in the latter half of 2017.
This delighting journey of Cryptocurrencies is continuing in 2018 and it seems that this year, it is set to be another revolution in the phase of cryptocurrencies. The 4 major changes that may take place in the crypto-space making its existence all the more powerful are:
1) Growth of Crypto-market
Leading institutions such as CBOE, CSE, and Goldman Sachs have declared to begin offering Bitcoin futures, thereby, trying to bring the Crypto-market close to the global traditional financial market system. This will soon be followed by other institutions, thereby increasing the utility of cryptocurrency transactions.
Additionally, this year will the mark the launch of a number of crypto funds, which will also enhance the utilization and popularity of cryptocurrencies.
2) ICOs will undergo a professional touch
Initial Coin Offerings will witness a new makeover this year as numerous investors will step into the market. As the investors make way for new means of funding, their demand for further business validation and transparency will increase, which will allow the ICO process to come closer to the traditional venture crowdfunding. As such, new ICO platforms will also make their way in the competitive volatile market system.
3) ICO Regulations may lead to a short-term slowdown
Due to the increasing popularity and usage of cryptocurrencies all over the world, the need for control and regulation has become essential. So as to bring a certain amount of stability in the market and also to do away with illegitimate usage, regulators around the world will take a firm decision on Cryptocurrencies. A number of countries will come up with different regulations and controls to maintain a balance in the financial market system. This will lead a short-term clampdown in the ICO process.
In a short run, the regulations may lead to a fall in value and trading volumes. However, it will benefit in the long run as the legislation of cryptocurrencies will bring it closer to the mainstream financial system.
4) Introduction of new platforms and approaches.
As people become more aware of cryptocurrencies and understand their importance, it will unequivocally lead to an increased demand. Naturally, an increase in demand has to be supported by an equal supply. As all the Cryptocurrencies have a particular limit, to satisfy the increasing demands, alternate Cryptocurrencies come into being in the market.
2018 is expected to witness the launch of a number of new Cryptocurrencies and platforms with enhanced services.
The Cryptocurrency global market is expected to experience remarkable success in 2018 as the popularity is increasing with each passing day and it is slowly and steadily being recognized as a powerful means of exchange.
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