Cryptocurrency Market’s 2018 Was A Gut Check As 2019 Looks To Create A True Comeback Story
2019 Is The Year Crypto Makes A Comeback: Here’s Why
While 2016-17 saw the meteoric rise of the crypto market as a whole, 2018 saw the entire sector fall to its knees.
However, looking ahead, latest market indicators now seem to suggest that the coming year could usher in a new era of prosperity for this burgeoning domain. Not only does 2019 appear to be the year when Bitcoin rallies hard (once again) but it also appears as though economists all over the globe are finally beginning to give crypto technology its due.
So without any further ado, let's have a quick look at some of the key market drivers that promise to revive the crypto space in 2019:
ICOs Will Shine Again: All through 2017 ICOs started to garner a bad reputation since a whole host of these money raising schemes were either scams or just some ponzi-related marketing ploys. However, when used properly, ICOs are one of the most unique and efficient ways of raising money for promising crypto projects. This is because ICOs make investors feel like they are really part of something big— especially since most altcoin ventures have huge dev teams and online communities to back them up.
2019 Will be the Year of dApps: Even though a lot of blockchain oriented research has happened over the course of the past 12-18 months, it finally appears as though 2019 will be the year when the crypto industry finally transitions from a speculative space to a more use-case driven sector.
To be even more specific, more and more experts now believe that the coming few months will see the launch of breakout killer apps that will help align the digital asset industry with the global token economy. Not only that, many crypto enthusiasts also expect the crypto gaming market to take off in a big way in the coming 4-8 months (wink wink, were looking at you Tamagotchi).
Stablecoins Will Enter the Mainstream: 2019 also promises to be the year when we finally start to see the emergence of stablecoins. This is because the value of these aforementioned financial offerings are pegged to fiat assets (and thus they are not prone to the everyday market fluctuations that are commonly seen with most other big name altcoins such as BTC, ETH, XRP).
More Education Will Help People Realize the True Potential of Crypto: As we usher in the new year, we can see that the crypto industry has now reached a point where we are seeing the emergence of a ‘hybrid ecosystem’ ( where people are not only aware of what many technical terms mean, but even the investor community is slowly becoming more and more mature with each passing day).