After a reality check in 2018, will Cryptocurrencies see an increase in 2019?

Of& nbspKapil Gauhar

2017 was the year of irrational exuberance.

2018 has become the year of reality checks with crashes and sputters on the market.

Will 2019 see a return?

Well, the truth is that nobody knows it yet!

While the global market deflates, it not only lowers the price of bitcoin, but also keeps it low because deflation will cause investors to abandon their perceived risk investments into something more stable.

Currently, bitcoin has become a very risky investment.

But when governments around the world start to make helicopters in drops of newly printed titles to recover their failing economies, then the bitcoin will be seen as GOLD.

You can also read: How to buy Bitcoin with cash?

The true promise of the ICOs

The crazy bull market in 2017 and the beginning of 2018 and the commendation of the ICOs (Initial Coin Offerings) had such a perplexing effect that we had a great migration from the values ​​and principles of a decentralized economy. to fast-paced schemes all over the world. world.

That people really sucked!

If done well, ICOs are actually very promising. The most exciting thing we learned from Bitcoin's success is that cryptocurrencies have the unique ability to align all users and investors through direct participation and incentives.

Cryptocurrencies make stakeholders feel invested in the success of a project that results in the creation of a powerful network effect.

You can also read: 10 differences between Ethereum and Ethereum Classic

The first Killer Breakout app

This is the year when we could see the first test point of a project, which is a killer app where users are aligned with the token's economy.

This is because they actually feel they have a part of the project.

And you know what?

This could come from a place we do not expect, like the game. Yes, it is more likely that we will see the interesting dubbing breakout in games, such as Tamagotchi.

Blockchain in the gaming industry has already knocked.

You can also read: 10 reasons to buy Bitcoin in 2018

The emergence of stable coins

In 2019, we will see more stablecoins that fill the gap for mass adoption.

We will see a class of new creative financial products that exploit stablecoin to counteract perceived volatility problems that cryptocurrencies like Bitcoin are facing.

Although it is not necessarily the original view of cryptocurrency, it is nevertheless a good starting point for putting people at ease with virtual resources.

This will also have a very positive effect on the improved adoption of Bitcoin and other networks.

You can also read: 5 sites to buy Bitcoin with debit card

Middle Ground Hunt

We can not deny that we are reaching a point of hybridization in which projects seek success in a middle ground, where neither the Libertarians of complete decentralization nor highly centralized systems are.

Alright then!

But the emergence of a hybrid can be seen with things like the proof-of-stake delegate and the Hashgraph that is more decentralized than a centralized system, however, not as decentralized as a PoW network like Bitcoin.

The compromises are evident in these networks, but they have a good chance of success to reach companies that need to be able to scale, have a reliable framework to work on and that are decentralized enough for those needs.

You can also read: 5 things you should know about Blockchain

Final thought

Something must drive the question in the industry, and this is the truth.

You can have all the offer in the world, if you have a question. But if you do not, it will not get you anywhere.

Currently, the exciting things are the innovation and competition that takes place on public networks. It is very likely that we will find the cases of use that we have never thought of due to the unconditional nature of public blockchain systems.

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Kapil Gauhar

Kapil Gauhar is the founder of Blogger's Gyan. He is a passionate blogger, a great thinker and a creative writer. His passion for making friends with words and making people aware of the wonders of the digital world is what drives him to write as a career.