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Despite the collapse of the encrypted markets by the bears, the past year has been huge for mainstream media to collect stories related to the crypt that were once only for niche spaces. Obviously they drive traffic and attract attention, which shows that the public still has a great interest in all things crypto.
Luck has been great on Bitcoin for some time and its dedicated TV slot, The Ledger, has just run another piece of prediction that hosts the Winklevoss twins. The show was largely devoted to their Gemini exchange and related products, but the following predictions are interesting.
The first prediction is Tether's loss of traction. The Stablecoins took off in 2018 when several new ones appeared on the scene with the ambition to dethrone the USDT. While Tether is still the dollar coin pawn with a market capitalization of $ 2 billion, others are creeping into the charts and are gaining momentum.
The next most popular stablecoin after the USDT is the USD currency of Circle and Coinbase which is currently at 19th position with a market capitalization of $ 354 million. TrueUSD is at the bottom of the list at 27th on just over $ 200 million. Of course the landfill of most of the altcoin has raised the stablecoin in recent months, but now there are some good competitors for Tether. If the Escobar estate makes its way there will be another coming.
The second forecast is that Facebook enters the fray with its own stablecoin to be used on WhatsApp. However, considering the issues of manipulation, privacy and censorship, the social media giant has been involved in the last year and should be the least favorable platform for trusting cryptographic resources.
A further torment by the SEC was also foreseen when the US regulator set more ambitious targets. The possibility of XRP being classified as unregulated security is very real for Ripple. In both cases, the American authorities will not be easier with encryption in 2019.
On a brighter note there is a forecast for the EFT approval of Bitcoin, probably already next month. Bakkt, which has just made its first acquisition, is preparing for the launch of its physically regulated future contracts and VanEck may not be far behind.
Finally a look at the markets and a prediction for the continuation of the cryptosite of 2018. The worsening economic conditions, global political tension and volatility have been cited as the damper of Bitcoin and its brothers. However, some may see these as reasons for entering into crypts and separating them from increasingly fragile reserves of value.
