[ad_1]
Bitcoin (BTC) did not have a good 2018 if one looks at the evolution of the most popular digital currency prices on the market. However, the development teams worked to create better solutions and products around Bitcoin.
According to Jameson Lopp, CTO of CasaHODL, he commented that 2018 is the best and worst year for Bitcoin. In terms of price, it has acted very poorly, but taking into account many other metrics, it is possible to see that Bitcoins behaved very positively.
"Those of us who are dedicated to this system must continue to BUIDL and add value, we have no control on the market, but I expect it will reach us sooner or later," he wrote.
In a recent post loaded on Medium, says that Bitcoin is at the forefront of an increasingly complex industry ecosystem that continues to grow in many different ways.
Although the market has recorded one of the biggest drops in history, Bitcoins have survived the FUD, volatility and threats. For example, Bitcoin and other virtual currencies declined in November 2018 due to the hard blow of Bitcoin Cash (BCH) and the effects of the hash war on the network.
There are some developments like the Lightning Network (LN) that have grown at a very fast pace, even faster than many enthusiasts expected. Lopp mentions that most people follow the price, but there are many other metrics that are very important to follow. Also the adoption of Secret Secrets (SegWit) is increasing, helping the network to be less congested.
There are some other things mentioned by Jameson Lopp on his blog post. It takes into account the risk capital financing of the blockchain industry which reached a new record in 2018. It also mentioned the ICO market and how in 2018 it was able to raise several million dollars. However, this specific metric on ICO could record a not very positive year in 2019.
Bitcoin volatility also declined throughout the year until Bitcoin Cash hit the market with its rigid fork. Bitcoin's market dominance continued to grow in a bear market.
Explain that using only one or a few parameters is something that can not provide a good idea of how the market is evolving. In fact, the best thing is to use different metrics and sources to understand how a specific network is evolving and improving.
Michael Novogratz, CEO of Galaxy Digital and a Bitcoin supporter, he believes that Bitcoin will be between $ 3,000 and $ 6,000 and that in 2019 will start to rise again. Bitcoin is currently trading around $ 3,889 and has a market capitalization of $ 67.91 billion.
[ad_2]Source link
