What is coming in 2018 for Crypto! Our Predictions for the Investors !
What is coming in 2018 for Crypto! Our Predictions for the Investors !
The year 2017 was an exceptional year for the growth of cryptocurrencies and of course for the blockchain as well. The growth for the bitcoin was recorded more than 2000% as in january it was on only $1000, but after the peak and peak it went upto $19000, not only bitcoin but other cryptocurrencies like Ether, ripple and Litecoin also recorded their part in this growth and reached to new benchmarks.ICOs was able to get the raised money around $3.7 billion, on the name of upcoming ventures.
As for sure 2018 will be another big year for crypto currencies, so as per my observations i have mentioned my predictions below for the investors.
1. Cryptocurrencies will grow even in 2018 as institutional bodies are showing their intrests
CBOE & CME have clearly disclosed this last month that soon they will start bitcoin offering which will ultimately bring the financial markets and crypto on one page, as they are planning to add legitimacy.Goldman Sachs also announced that they will be launching a trading chaos for cryptocurrencies for their clients, they are among in the list who are planning to provide a clear future for people. All the institutions now are looking towards these digital currencies as their clients are in high demand of it, which will eventually will be a growing point for crypto, however this will ask alot of working in terms of infrastructure and security. Most of the exchanges are working day and night to make the transaction process 100% secure.
Upcoming year which is 2018, will not only show a huge growth for the already in market currencies, but uncounted launch will be in trend for the new cryptocurrencies. On a rough estimated around $2 billion assets are in count, from total of 100 cryptos till date, around 84 are from 2017.
2. More rules and regulations will come up and cost of bitcoin will drop
At the moment there are two kind of peoples on Bitcoin predictions, one says it will drop however, some says it will ride more faster as compared to 2017. Blocktower Capital major sources explained that bitcoin will go as high as $30,000 in 2018 and will also trade on $4000, which is obviously unpredictable.
Some analyst says that if there will be more digital currencies then there will be a bet by investors of bitcoin on splits which will lead to rise on bitcoin for sure. In the month of August bitcoin chain splits into bitcoin cash which was a big change. Nowadays developers are making their own chains by using the name of bitcoin as it represent as a big brand in cryptocurrencies so they are utilizing this advantage.People are trading bitcoin on around $16000 these days, and bitcoin cash also crossed the $2500 benchmark in few months only. But BTC transaction time and fees of mining are the major problems people are facing.
3. New Cryptocurrencies will be in rise as Bitcoin faces performance and measurability issues.
The major cryptocurrencies like Ethereum and Bitcoin are leading this market today with high pace, but due to the resources required to mine these currencies, concerned are raising the points on its long term plans. Currently miners are consuming the electricity which is equal to the consumption of Denmark alone, and predictions are that it can reach the consumption by 2020 to the levels which will make it hard to mine, means whole world will be using the same electricity as miner will be using and now this is an alarming sign. Now world is looking for the alternates which will keep this market growing but with calculated resources.
Today it takes from some hours to some days to mine a block of bitcoin as predictions are that it will be worse as more people from around the world connecting with this network.
4. Big Investors from Stock market showing their interest in Cryptocurrencies.
As everyone is talking about cryptocurrencies these days, interest of big investors also came to this, big business are also investing in this market which is making it billion dollar market. Leading exchange coinbase also mentioned that in future may be the there will be IPOs.
"I do think the public is going to see some crypto-owned IPOs this year and more broadly blockchain IPOs," Canaccord's Graham said.
CBOE & CME have clearly disclosed this last month that soon they will start bitcoin offering which will ultimately bring the financial markets and crypto on one page, as they are planning to add legitimacy.Goldman Sachs also announced that they will be launching a trading chaos for cryptocurrencies for their clients, they are among in the list who are planning to provide a clear future for people. All the institutions now are looking towards these digital currencies as their clients are in high demand of it, which will eventually will be a growing point for crypto, however this will ask alot of working in terms of infrastructure and security. Most of the exchanges are working day and night to make the transaction process 100% secure.
Upcoming year which is 2018, will not only show a huge growth for the already in market currencies, but uncounted launch will be in trend for the new cryptocurrencies. On a rough estimated around $2 billion assets are in count, from total of 100 cryptos till date, around 84 are from 2017.
2. More rules and regulations will come up and cost of bitcoin will drop
At the moment there are two kind of peoples on Bitcoin predictions, one says it will drop however, some says it will ride more faster as compared to 2017. Blocktower Capital major sources explained that bitcoin will go as high as $30,000 in 2018 and will also trade on $4000, which is obviously unpredictable.
Some analyst says that if there will be more digital currencies then there will be a bet by investors of bitcoin on splits which will lead to rise on bitcoin for sure. In the month of August bitcoin chain splits into bitcoin cash which was a big change. Nowadays developers are making their own chains by using the name of bitcoin as it represent as a big brand in cryptocurrencies so they are utilizing this advantage.People are trading bitcoin on around $16000 these days, and bitcoin cash also crossed the $2500 benchmark in few months only. But BTC transaction time and fees of mining are the major problems people are facing.
3. New Cryptocurrencies will be in rise as Bitcoin faces performance and measurability issues.
The major cryptocurrencies like Ethereum and Bitcoin are leading this market today with high pace, but due to the resources required to mine these currencies, concerned are raising the points on its long term plans. Currently miners are consuming the electricity which is equal to the consumption of Denmark alone, and predictions are that it can reach the consumption by 2020 to the levels which will make it hard to mine, means whole world will be using the same electricity as miner will be using and now this is an alarming sign. Now world is looking for the alternates which will keep this market growing but with calculated resources.Today it takes from some hours to some days to mine a block of bitcoin as predictions are that it will be worse as more people from around the world connecting with this network.
4. Big Investors from Stock market showing their interest in Cryptocurrencies.
As everyone is talking about cryptocurrencies these days, interest of big investors also came to this, big business are also investing in this market which is making it billion dollar market. Leading exchange coinbase also mentioned that in future may be the there will be IPOs.
"I do think the public is going to see some crypto-owned IPOs this year and more broadly blockchain IPOs," Canaccord's Graham said.
He also added "IPOs are going to happen outside the U.S. first,"
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