New year, new hope? An overview and a forecast of the extended market of 2019

January 2, 2019 Ethereum

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2018 is over and anyone expecting a confident year like 2017 has been very disappointed. The good news is that, as of now, the sharp declines of November have disappeared, while the market stabilizes above $ 3600.

The 2018 has finished recording an annual low of $ 3100, while the 2017 low was $ 770. To sum up, despite the decreases and investors who suffered huge losses, Bitcoin is still considered a profitable investment in an annual overview.

2018 Brief summary with a look at 2019

The uproar around Bitcoin in the mainstream media had calmed down, while the media tried to distinguish between Bitcoin and blockchain technology.

The media sees blockchain technology for years, unlike Bitcoin. Only history will tell which narrative is correct.

Stable coins: 2018 was the year of stable currencies, as the market discovered the need for liquidity and tokens supported by Fiat, which can expand its encryption options and increase liquidity.

Utility and security: The SEC, which usually has bad news for cryptographic space, has established that Bitcoin and Ethereum are not titles, contrary to the overwhelming majority of ICOs.

Social networks against crypto: during the past year, Facebook and Google had unapproved cryptographic ads. Recently, it has been published that Facebook will launch its cryptocurrency. Was it a coincidence?

Bearish bitcoin: The market is still waiting for Bitcoin to enter the last market cycle, known as capitulation. Nobody knows if we have not already seen the minimums.

The plateaus are rising against BTC: It seems that some altcoins like Ethereum and Ripple, show a change in sentiment against Bitcoin, which gives operators an optimistic feeling for the beginning of 2019.

We will remember 2018 as a difficult year for the price of Bitcoin, while, on the other hand, an excellent year for the development of Bitcoin infrastructure like the Lightning network.

We are expecting that for 2019 regulations will continue to tighten around the cryptographic ecosystem. Everything we knew about ICOs has already changed and the collection of encrypted funds is likely to enter a more controlled system such as securities.

Forks they are less popular: the tendency of the rigid forks of the past winter is now less popular. However, during the month of January, Ethereum expects some future hard gallows.

Bitcoin ETF: So far the SEC had refused all tests to approve a Bitcoin-based ETF. However, some analysts hope to see a final approval in the new year.

Global financial crisis: Equity markets have started a major correction that will probably also affect the encrypted markets. Opinions on directions are divided for both sides.

Finally, as regards the predictions of this year, altcoins such as EOS and Telegram are still at the beginning of their development phase, and many see the spotlight on them in 2019.