While there have been market corrections in cryptocurrency market in 2018, everyone agrees that the very best is yet to come. There has been a lot of activities in the market that have changed the tide for the better. With proper analysis and the right dose of optimism, anyone who’s dedicated to the crypto market may make millions out of it. Cryptocurrency market will be here to stay for the long term. Within this short article, we give you five positive factors that can spur further innovation and market value in cryptocurrencies.

1. Innovation in scaling

Bitcoin is the initial cryptocurrency in the market. It’s the most amount of users and the best value. It dominates the entire value chain of the cryptocurrency system. However, it is not without issues. Its major bottleneck is so it are designed for only six to seven transactions per seconds bitcoin. In contrast, charge card transactions average at few thousands per second. Apparently, there’s scope for improvement in the scaling of transactions. With assistance from peer to peer transaction networks on the top of blockchain technology, it is possible to improve the transaction volume per second.

2. Legitimate ICOs

While you will find cryptocoins with stable value in the market, newer coins are now being created that are made to serve a certain purpose. Coins like IOTA are designed to help the Internet Of Things market exchanging power currencies. Some coins address the issue of cybersecurity by providing encrypted digital vaults for storing the money.

New ICOs are coming up with innovative solutions that disrupt the prevailing market and generate a new value in the transactions. They are also gathering authority in the market with their user friendly exchanges and reliable backend operations. They are innovating both on the technology side regarding usage of specialized hardware for mining and financial market side by providing more freedom and options to investors in the exchange.

3. Clarity on regulation

In today’s scenario, most governments are studying the impact of cryptocurrencies on the society and how its benefits could be accrued to town at large. We can expect that there may be reasonable conclusions depending on the consequence of the studies.

Few governments happen to be taking the route of legalising and regulating crypto markets the same as any market. This can prevent ignorant retail investors from losing money and protect them from harm. Abling regulations that boost cryptocurrency growth are expected to look in 2018. This can potentially pave the way for widespread adoption in future

4. Escalation in application

There is enormous enthusiasm for the applying of blockchain technology in virtually every industry. Some startups are coming up with innovative solutions such as for example digital wallets, debit cards for cryptocurrencies, etc. this can increase the amount of merchants that are prepared to transact in cryptocurrencies which in turn boost the amount of users.

The standing of crypto assets as a transaction medium is likely to be reinforced as more people trust in this system. Though some startups may not survive, they’ll positively contribute to the entire health of the market creating competition and innovation.

5. Investment from financial institutions

Many international banks are watching the cryptocurrency scene. This will cause the entry of institutional investors in to the market. The inflow of substantial institutional investments will fuel the following phase of growth of the cryptomarkets. It’s captured the fancy of numerous banks and financial institutions.