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If we look back across 2018, it has been a wild year. Most of the promises of 2017 have been broken. 2018 has been a tough year for the cryptocurrency companies, the cryptocurrencies themselves and for the investors of course. But underneath all of that, we're looking forward to the cryptocurrency and bitcoin economy.
Non-fungible tokens:
Non-fungible tokens or unique assets such as crypto kitties are going to be very important part of the cryptocurrency economy. Continue to grow as time goes on.
Security Token Offerings:
STO's or token to the cryptocurrency economy. STOs are going to be the new wave of money coming into the cryptocurrency economy. Large scale tokenizing properties, equities, fractional parts of paintings and all of these different things are going to be huge. 2019 is probably going to see a lot of STO's actually happening and that is going to be exciting and will be the new boom in the markets. Although it may only become big in 2020. This is how the infrastructure actually gets built out to start the STO market rolling.
Initial Coin Offerings:
Though 2018 has shaken up the investors confidence, there are still good ICOs and as we move forward in 2019 ICOs are gonna just come to do better as investors are going to be throwing out money on hopes and dreams although some of these came out to be quite profitable for investors. ICOs are going to continue in the coming year but I would like to invest in these ICOs. As the ICOs become more professional they may choose to go with only venture capital funds.
Bitcoin ETF
Bitcoin investors and enthusiasts are talking about Bitcoins ETFs from years now waiting for the first ETF to get approved by the SEC. Prominent people believe that Bitcoin ETF is going to be approved but not one is sure of when it is going to happen. 2019 might be the year for the approval of the first Bitcoin ETF. The SEC has to give its final decision on the VanEck Bitcoin ETF on the next hearing which is scheduled for 27th February 2019.
ICO Projects
In 2019, we might see some more projects dying off. We might have been running short on money already especially those who are still holding their Ethereum dead. But not all are going to fail. Amazon and Google of the blockchain economy. The fittest projects will not only survive but they will thrive.
Better user experience of Blockchain
The current user experience of Blockchain can not be called as 'awesome'. People who are using it will not even know how to use Blockchain. That's where we need to be at. We are going to be on billboards of users. We have already seen a lot of changes in terms of making a better user experience.
Lightning Network:
Lightning Network has been building up significantly over the course of 2018. 2019 May be a watershed year for the lightning network and this could be done bitcoin to a next level. Especially when we talk about things like micropayments, buying a cup of coffee, sending money for a packet of bread, etc. As lightning continues to grow in power and relevance, 2019 is going to be very important for it.
Tether:
Tether has been one of the largest controversies in the cryptocurrency economy mainly because of their lack of transparency. Although it has brought some unnecessary drama, it has been brought to the cryptocurrency community at the same time. In 2019, Tether might lose its position in the market such as USDC, Paxos, Gemini Dollar, and TUSD. Some of these might overtake Tether in terms of market capitalization in 2019.
Regulatory Clarity:
There are so many things in terms of tax regimes that actually disincentivize people to actually use cryptocurrencies like a country such as countries such as India and China banning cryptocurrencies and others that say they love cryptocurrencies but still their parliament does not pass the supportive laws. As countries like Malta, Japan and Switzerland being supportive of bitcoins and other cryptocurrencies and related businesses, we might see other large countries giving more regulatory clarity in 2019.
The rise of Dapps:
Not have a large user base. We actually need a Facebook level application built on Blockchain that would have millions of users and they might be coming. These companies are launching their own cryptocurrency, companies as well as their own cryptocurrency, and they are launching their own cryptocurrency and the Whatsapp dollar if the rumors are actually true. Millions of users. Blockchain might not be decentralized.
Increased Access:
Binance by the end of 2019. Currently, most of the trading is done in US Dollar and Yen, but the cryptocurrency economy needs more fiat currencies on board in order to grow further and spread out across the world.
Ethereum:
Ethereum needed to achieve a year ago Ethereum losing its market share to competitors such as TRON, Cardano, EOS and so on . Although, the team behind Ethereum is a working day and night for the upgrades. 5% of the 5 cryptocurrencies by market cap and some other competitor which is probably performing faster and better.
Is Bitcoin going to rise in 2019?
Although there are a lot of new things such as Bakkt Exchange launch, Nasdaq Bitcoin futures launch etc. in 2019 which is going to be a lot of investments into the bitcoin market, the major price could be raised in 2020 during the bitcoin halvening.
How good will 2019 be for Bitcoin and other cryptocurrencies? Tell us your thoughts in the comments section below.
