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Bitcoin (BTC), Cryptocurrency-With Bitcoin rising for the first time over $ 4000 for the first time in 2019, with altcoins across the line seeing a green peak, the encrypted markets are starting to start the year.
However, the positive wave that affects the cryptocurrency comes at the expense of several terrible months. November 2018 saw the worst losses for Bitcoin from August 2011, with the whole feeling towards the industry that took a decidedly negative turn in the middle of the current bear market. With Bitcoin still down 79 percent from its record high of $ 19,700 in December 2017, the industry is looking for a direction in the coming calendar year that diverges from the volatility of currency prices.
The December bomb announcement that the social media giant Facebook, according to well-informed sources, is about to do so developing a stablecoin for its messaging service WhatsApp kicked off a wave of renewed interest in blockchain and cryptocurrency. While the company has yet to come and confirm the development, the pressure is directed at competitors Twitter and Google (the parent company for YouTube) to have more interest in the use of cryptocurrency, an interesting breakthrough given the total prohibition against encryption enacted from those three companies at the start of 2018.
While stablecoes lack the investment appeal of traditional cryptographic resources like Bitcoin, they provide a probably more usable form of digital currency. The sharp decline in the value of Bitcoin and altcoin over the past year has dampened the excitement of the cryptography generated during the bull's run in 2017, leading to a realignment of investor values and encrypted integration into property existing. Stablecoins limit price volatility by providing users with an alternative to Fiat and increase the industry's exposure to crypto and blockchain.
However, the established products lack the full certainty of decentralization that has become crucial for the cryptic community. By adding the value of a currency to an external source such as the US dollar, while limiting price volatility, we continue to make the sign true to the policies that influence that currency.
While stables become the new, fashionable technology to fill the gap previously held by "blockchain", Bitcoin and other traditional criptos will find a home in digital asset investors and currency users turned off by the idea of artificially determined value. Likewise, coins that give priority to anonymity, such as Monero, will provide a level of utility that Facebook will find hard to match in its stablecoin, with politicians hardly intolerant of the prospect that the social media giant will embrace both crypts. is completely anonymous transactions.
The tokenisation of real world resources also provides a strong case for cryptocurrency in progress, making it unlikely that the industry will soon reach its end as some predictors have predicted. DX.Exchange, which operates outside Israel and Estonia, has aroused interest from investors allowing trade of real-world titles such as Tesla Inc. and Apple Inc. through digital tokens. By placing these assets on a blockchain separate from the stock market, investors can trade at any time of the day, with the added benefit of being able to purchase fractions of a share.
Even with regulatory concerns, the tokenisation process provides an indicator of the "bridge effect" that occurs between cryptocurrency and traditional markets. With industry giants such as Facebook interested in cryptography, and the advent of fintech adopting the blockchain, 2019 should provide a much more promising year for cryptocurrency, one that is not obsessed with the fall in market capitalization that threw a shadow on most of last year.
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