With the prolonged bear market dominating 2018, many cryptocurrency fans are looking for brighter prospects in the new year. In mid-January, the questions remain whether 2019 will be more than what was seen in 2018, or whether it will be a turning point (rising) for prices.
A number of experts and enthusiasts, such as the Finder.com team, have sounded their 2019 forecasts.
The Finder team predicted the value of Bitcoin and the privacy coins would rise in 2019. Finder.com CEP Jon Ostler said concerns and concerns over the SEC decision on Bitcoin ETFs had a negative impact on prices . Estimates indicate that trends will change once the issue is resolved.
Some of the trends gathered by the members of the Finder team were also mentioned by a contributor to Invest in Blockchain who gave its forecasts for 2019.
- The Bitcoin bear market will end: The first projection has to do with Bitcoin and the similarities with the bear market of 2013/2014. The feeling is that the similarities in the rhythm of decline symbolize that a low price is very close, if it has not already happened.
However, expectation seems to indicate a slow slowdown and sideways sustained for much of the year instead of a big high jump.
- A big boom for some Altcoins: The speculation is that some altcoins will explode in value due to the general maturity of the market, where the coins were created for a specific and legitimate business case. The disdain in the ICO market and the fraudulent tokens will lead to a return to "real projects" and affiliated coins that comply with rules and regulations.
- Some big ICO arrive in the sights of regulators: The regulators have been busy catching up with the plethora of ICOs who hit the market and are focusing on those who are the target of a real scam. As regulators become more aggressive and have a better understanding of the world of cryptocurrencies, the projections are that they will hunt for some big ICOs and demand repayments from investors.
- Ethereum moves to PoS: Vitalik Buterin has long expressed disdain for the test of work, leading some to believe that the near future could lead to a move to Proof-of-Stake. The developers of Ethereum are now busy preparing things for the update of Constantinople after it was initially postponed on January 16thth.
- 51% attacks will be increasing: The 51% attack rate seems to be on the rise and a shift of Ethereum to the PoS will most likely continue. As a result, coins that have a proper defense against these types of attacks will most likely go well on the market.