Biggest Crypto Predictions For 2019
These days, it would seem that the crypto world is coming to an end. The sheer amount of bad news is enough to make even the most optimistic investors desperate. The SEC continues to delay making game-changing decisions. Goldman Sachs has done pretty much the same, and countries like India have even banned the use of digital coins.
Not to mention the scaling issues that are troubling Ethereum, and the constant price drops, that are troubling this entire industry since January of this year.
However, while it is difficult to believe it, the situation is not as bad as it seems. Cryptos have had a pretty short history, but even so, they managed to go through worse. If we know something about this industry, it's that the change can happen at pretty much any moment.
Of course, most of it depends on the developers, who are working day and night in order to make their cryptos capable of changing the world. Numerous countries are also helping with improving the situation by bringing important regulations. New platforms are being built all the time, and the development of this space continues still.
As we are approaching this year's Q4, many are starting to turn their gaze towards the future, wondering what can be expected in 2019. This will be our topic for today as well, as we take a look at 7 predictions for 2019.
2019 As The Year Of Security Tokens
Last year has seen some amazing crypto prices, as the interest and purchase of digital coins came with no regard for regulatory interference. This year, however, the things changed. For a long time now, the investors remained hesitant to invest, fearing that their favorite coin might turn out to be a security. Even if all evidence points against such conclusions, nobody is willing to take that chance.
Because of this, the next year might bring yet another change, where STOs will replace ICOs. The replacement likely won't be total, but it is still expected to significantly change things throughout the next year. The offerings in the US are to be held in compliance with the rules imposed by the SEC. With a situation like that, many are expecting the next year to be a year of security tokens.
The Price Will Drop Even Lower Before The Next Surge
If you were hoping for a more positive prediction, we are sorry to disappoint, but it is largely believed that we are not done with the bad stuff yet. Eric Kovalak, the CEO of Vellum Capital, claims that the biggest cryptos will reach new lows before they can once again skyrocket to new heights. In fact, he believes that Bitcoin might even drop below $3,500 before the price finds which way is up.
The Rise Of Decentralized Exchanges
As the decentralization as a concept continues to take over, we are already starting to hear about new projects with goals of starting decentralized exchanges. Now, experts believe that the next year will be the year when this concept will truly grow. At the moment, decentralized exchanges are still struggling with things like poor usability, as well as limitations on transactions. However, the next year is to change this, and the transactions will become not only cheaper and faster but also much safer.
Enterprises Going Crypto
Eric Larchevêque, the CEO of Ledger, believes that numerous large enterprises are only a small step away from adopting cryptos. So far, cryptos have proven that they can reach unimaginable heights, and even live through more than half a year of bad markets. Add to that their potential, and it is no wonder why large companies are becoming interested in becoming pioneers of this technology.
While it might still be too early for them to join the club right now, the next year might be a perfect time for them to do so. A lot of them are already more than interested in adopting blockchain, and cryptos are likely not that far away. Eventually, such a move would help them achieve higher levels of efficiency, reduce fraud, and even help them save significant amounts.
Bringing In Institutional Investors
Bringing proper crypto regulations has become quite a necessity. With a situation like that, numerous countries are rushing to provide them, which will eventually be a significant thing for the crypto world. Traditional investors will finally become comfortable with investing their money in a newly-regulated space, and the new cash flow will bring cryptos back to the former glory.
According to predictions, the first coins to benefit will be those that share the most similarities with traditional financial systems. However, after a while, the investors will feel comfortable enough to give a chance to more innovative coins as well.
Introduction Of The New Scaling Solutions
Scalability has been an issue ever since Bitcoin was first launched. Over the years, numerous solutions have been proposed, with a lot of them being rejected in the end, due to different flaws. These days, we have a few promising solutions that are mostly still in development. However, if the predictions are to be believed, scalability problems might finally be taken care of in 2019.
Of course, nobody will simply wave a magic wand and take care of the problems in an instant. Even now, there is still much work to be done. However, the updates and new reports regarding these projects and their development are promising, and there is a reason to hope.
The Mass Adoption Of Digital Currencies
It is hard to believe that we might only be a few months away from mass crypto adoption. For years, cryptos have been seen as enemies, illegal, used by criminals, terrorists, and drug lords. The majority of pretty much every country's citizens have yet to even hear of cryptos, the blockchain, or similar concepts.
And yet, there is still a reason to hope, as a much wider usage is expected to arrive. According to everything we have seen so far, it would seem that Asia will take the lead. However, the rest of the world will follow soon, if everything goes “according to plan“. And, even if 2019 doesn't actually lead to the mainstream usage of cryptos, it will certainly change things enough to make a difference.