Cryptocurrency Market in 2018 – The Prediction

5 reasons why I think market will be doing well in 2018.

1. Huge correction already happened

Cryptocurrencies (mostly Bitcoin) grow in bubbles meaning there is a major correction from time to time:

The longer we are without the correction the more nervous market gets since people expect the correction

The recent correction was one of the biggest in history meaning people might remain with bullish sentiment for longer

2. Companies entering ICO markets

It takes a long time to prepare a good ICO with everything polished and planned out correct.

Since ICOs became mainstream last year it is expect that plenty of existing and large businesses started to look into initial coin offerings several months ago.

This could mean that we should see more large companies running new ICOs this year. We already have Telegram, Kodak and I feel that it is just the beginning.

Those ICOs should bring more money to the cryptocurrency market.

3. All of the ICOs should start delivering

According to the roadmap plenty of ICOs that were running in 2017 should start delivering the promises they did in 2018.

This means that we should have working platforms and projects that are using cryptocurrencies.

Companies delivering promises should also remove plenty of FUD (fear, uncertainty, doubt). Plenty of people view ICOs as scams but once the projects actually start providing working platforms then the view could change.

Because of that sceptics could start investing bringing more money.

4. Regulations might be introduced

While crypto has always been about free market and decentralisation that also opens room for scammers and trying to profit on others.

Some kind of regulations protecting customers could benefit cryptocurrencies by getting more people into it.

Governments should also clarify tax laws and make it easier to people to pay taxes on cryptocurrencies.

There will also be goverments trying to become the destination for cryptocurrency investors either through lower or lack of taxes or
blockchain technology usage.

5. Making crypto more user friendly

Cryptocurrencies are still very difficult to buy, use and sell. Without making it easier it will be difficult to encourage lesser technical users.

We need more services like Coinbase. Revolut and Robinhood for example recently added cryptocurrencies. There are also apps like Bread or Ethos in works.

More shops will start accepting cryptos, there will also be crypto debit cards that will allow to spend cryptocurrencies in any shops that accept normal debit cards.

One of the biggest obstacles is currently convincing people that crypto is actually viable money and not a scam so making it
more user friendly should help that.

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You can also use my referrals:
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Binance referral: https://www.binance.com/?ref=10136785
Coinbase referral: https://www.coinbase.com/join/580f4ae28bfa31697d9a8f7c

Or donate:
ETH and ERC20: 0x43d42eeF0952629EA5B384B6283eBd608c02A709
BTC: 36hqDXqFxWBjb5D4U9XxKFLCQXHHwjtQZX
LTC: LawVWy6BPAiv8BC7QwqmzroLE5QTP3npzK
ETC: 0x19f7359510b1ee73a4552b2b2652fe0b32e35a0a
NEO: AHwKiZrUbdZX5pLkixqUHvpKE1js5t8mZ8
DASH: Xrya3sVGzhARZuY6g9zHg3FLB5rCtLMtEy
ZEC: t1VG9gvMAhhVMHSQbwmARwUZCxYTBxWEP2a
IOTA: 9WWZDDGYS9PVKSUODNFLRJXHWFVXKZICDWBIRJKIEWUFKLD

Love you but keep in mind that this is not a financial advice!

Cryptocurrency Market in 2018 – The Prediction

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Kane Dane