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Cryptocurrency investors jumped to the market at the end of the 2017 rally, probably for having hoped for a year, with the cryptomarket offering few and far opportunities for interesting gains and certainly nothing like the gains that were seen during the year. last year .
- The regulators of Japan and South Korea have acted and imposed new requirements for investors and crypto trade, leading to a particularly uncertain first half of the year.
- The Chinese government's hatred report with cryptocurrencies continued, with the government banning investment in ICOs abroad. In 2017, the government had already banned domestic ICOs.
- The SEC declined and then announced a revision of its decision to reject 9 Bitcoin ETFs.
- Following a G20 summit in the summer, the G20 announced the intention to introduce a unified set of rules and regulations for the cryptocurrency market. This was eventually delayed until the summer of 2019 and, although the delay was traditionally positive on the market, the resulting delay in the decisions of the SEC Bitcoin ETF has weighed.
- The Department of Justice U.S. He entered the fray, announcing that a survey on the rally record of the cryptomarket of 2017 would be undertaken between the concerns of fraudulent activity and price manipulation in particular.
- Bitcoin's forex bitcoin Cash caused unwanted market turbulence towards the end of the year, with investors and those who turned to the cryptomarket becoming increasingly aware of the problems that blockchains and networks face with the protocols of proof-of-work.
- More than an estimated $ 1 billion has been stolen from cryptocurrency trade during the year, with North Korea being considered particularly active in the crypto-theft game. It was a bad start to the year, with the Japanese cryptographic exchange Coincheck becoming the victim of a $ 532 million theft in January.
- The ongoing debate about whether all or some cryptocurrencies are securities weighs on the ICO market, with the SEC issuing a certain number of termination and cancellation orders and fines.
- The SEC issued a statement at the beginning of the year that only Bitcoin and Ether would not be classified as securities, classifying all other cryptocurrencies as securities and therefore under the responsibility of the SEC. The non-registration of an ICO is therefore considered an illegal act.
- Due to increased regulatory oversight in initial coin offerings, 2018 saw an inversion of ICO's business over the course of the year. According to ICOData:
- Total funds raised in 2018 were $ 7,541.93 million for 11 months until November. (2017: $ 6.227m)
- The total number of ICO reached 1,246. (2017: 876)
- The lion's share of the funds raised came in 1st quarter, where a total of $ 3,877 million was raised, representing more than half of the funds raised through November, December figures not available at the time of writing.
- In the first quarter of 2017, only 14 million dollars were raised through ICO, while 3.543 million were raised in 4th quarter of 2017.
- The Token Taxonomy Act of 2018 was announced in December and could solve the problems faced by entrepreneurs wishing to launch through ICOs, with the Taxonomy Act Token seeking to classify cryptocurrencies as non-securities. The Congress will have to vote for it, however …
- During the year, global financial institutions like Goldman Sachs took a turnaround on plans to open the encryption desks, with market volatility and a year's sell-off giving reason to stop.
With so much success in the cryptic world, it was a big question to ask the crypts to change it by the end of the year. A particularly bearish 2018 saw the total crypto capital cap from the end of December 2017 $ 604.81 billion to $ 130.70 billion by the end of December 2018.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "There were no winners among the majors, with the market ICO weaker through 2ND half of the year sees Ethereum renounce its ranking number 2 for Ripple's XRP. "data-reactid =" 37 "> There were no winners among the majors, with the weaker ICO market through the 2ND half of the year sees Ethereum renounce his position number 2 for Ripple's XRP.
For those hoping to differentiate the platform to provide price action, there would be a further disappointment as the broader market continued to move largely in tandem during the year, despite the success stories of people like Ripple.
On the performance front, the Bitcoin front runner fell by 72.2% during the year. Ethereum recorded heavier losses, down 82.4%, with a large number of top 20s that saw even heavier losses in the year.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Search among the first 100 cryptocurrencies, among the first performers for 2018 were Huobi, ranked 67th by market capitalization, with a loss of 25.68%, followed closely Binance Coin, ranked 13thwith a loss of 26.22%. Binance Coin would have come out on top if Huobi had had a full year of performances, Huobi had launched in February-18. Bitcoin Cash SV was not considered as it was launched only in November 2018 as a result of the Bitcoin Cash forks. "Data-reactid =" 40 "> Looking among the first 100 cryptocurrencies, among the best performers for 2018 were Huobi, classified 67th by market capitalization, with a loss of 25.68%, followed closely by Binance Coin, ranked 13thwith a loss of 26.22%. Binance Coin would have come out on top if Huobi had had a full year of performances, Huobi had launched in February-18. Bitcoin Cash SV was not considered as it was launched only in November 2018 as a result of the Bitcoin Cash rigid fork.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "At the other end of the cryptographic table, ZClassic, ranked 322ND by market capitalization, collapsed by 99%, with 143rd Salt square behind with a loss of 98%. "data-reactid =" 41 "> At the other end of the cryptographic table, ZClassic, ranked 322ND by market capitalization, collapsed by 99%, with 143rd positions Salt behind with a loss of 98%.
The range from best to worst has been quite significant during the year, with a large number of worst performing currencies that rank well beyond the first 100 by the end of 2018.
When considering heavy losses in a broader market, it is hard not to call 2018 a year of bubble bursting for many of the cryptosides. The silver coating will be the fact that the market has survived the year and there will be future investment opportunities, even if with the downward trend still firmly intact, it is probably worth holding firm, the crypt must pass a series of obstacles before a material recovery can be expected.
<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This article it was originally published on FX Empire "data-reactid =" 44 "> This article was originally published on FX Empire
