If 2017 was the year of the explosion of cryptocurrencies, 2018 was the year in which the world began to understand them. After the initial Bitcoin boom in January, the second half of the year has passed slowly for enthusiasts in this market, with almost all large cryptocurrencies losing 80% of their value.
Recent efforts and internal disputes between developers have not helped solve the problem: "What will 2019 bring?" Is on everyone's mind. ICObox has compiled its three main trends in cryptocurrencies for next year.
Solving blockchain problems
Much of the stagnation in cryptocurrency space is due to existing technology. ICOBox believes that the biggest technical obstacles facing this sector are the scalability, the slowness of transactions and the hesitant adoption by most of society.
It is unlikely that these problems will be resolved in 2019, but you can bet that developers will compete more fiercely than ever next year. The increase in interest means more money from investors who hope to support the most innovative and profitable solutions and, therefore, a change of course for the market.
The other big problem with cryptocurrencies is the astronomical volatility ... or at least it was. After seeing the crash of the cryptocurrencies at the beginning of the year and the many failures and scams of the ICOs, investors hesitate to deal with the problems. However, this may start to change in 2019.
Since its great fall, Bitcoin has remained relatively stagnant (relatively to the point that cryptocurrencies reach). At first, this was undeniably bad. Stagnant markets do not mean any opportunity for profit, but if the market is able to continue and remain stable, this may be a sign of maturing and stakeholders are building a solid foundation for future growth, according to the Research Center. of Blockchain of ICOBox (IBRC, for its acronym in English).
The technological improvements and a stable market until 2019 are just what investors need to do another bull race (sustainable) in the future, according to ICOBox. The quieter the 2019, the better the long-term market will be.
The Tokenization of Everything
The Bitcoin boom was fueled by the fervor of investing in something new. The cryptocurrencies were different, complex and, for many investors, very confusing. Wild speculation finally fanned (and broke) a giant bubble and cryptocurrencies have struggled to gain strength ever since. But in 2019 there could be a new 'gold rush' fueled by tokenization.
Investors have long understood the benefits of physical investments. Real estate, raw materials and fine art have been profitable and stable investments, but historically they have required large amounts of capital to enter the game. Points of sale such as real estate investment funds (REITs) and crowdsourcing options have significantly lowered the bar, however, these sources can leave the funds immobilized for years and still limit accessibility.
The IRBC predicts that tokenization will probably define 2019 as the foundations are laid for a new investment and trade sector. Unlike the other options mentioned above, tokenization allows the owners of the tokens to exchange their assets as if they were shares, so the money is not immobilized for years until the physical item is sold.
The probability is that in 2019 careers will be held in practically all sectors to tokenize physical assets, since companies seek to register both investors and owners of the goods throughout the year. Do not expect to see an immediate explosion like Bitcoin in 2017. The basic work for tokenization will take time due to the large amount of data that needs to be obtained for the market to really work, and in 2019 there will be a frantic struggle to do so.
The eventual boom should be worth waiting for. Tokenization will not only pump tons of funds into the cryptocurrency sector, but it will also release capital for users and investors, since they will sell the symbolic shares of their assets.
Personal information protection
In 2018, according to the IBRC, the population in general began to embrace the blockchain technology. In 2018, the public also began to understand that their personal information was being exploited, stolen and manipulated by corporations. ICOBox predicts that in 2019 the public will begin to put both together and take measures to control their digital identities.
The specialists have been preaching decentralization for years, but to a large extent it has fallen on deaf ears outside the community. The IBRC suggests that more public knowledge will see more and more people trying to take advantage of blockchain technology now that they have a better understanding of it.
Due to the complexity of the technology, adoption rates are likely to be slower than in other social networking platforms, but in 2019 the foundations will be laid for a larger user base. Expect a slow and organic growth of people with new technological knowledge in the sector of cryptocurrencies (not necessarily a contradiction) and startups that develop platforms so that people with less technical knowledge can take advantage of blockchain without having to deal directly with technology.
There is already a widespread feeling that people want to take control of their personal information and are starting to look for solutions. Blockchain and cryptocurrencies offer viable solutions that constantly improve. It will take time, but the IBRC anticipates that in 2019 the world will begin to withdraw their personal information from the hands of the companies and return it to their control.
The future looks bright
According to the IBRC, 2019 will be a decisive year for cryptocurrencies and that, like it or not, is what the market needs to grow sustainably in the future. Another meteoric rise would be exciting for speculators, but it would ultimately do more harm than good to cryptocurrencies. This market needs a "boring" year to show that it is maturing, grow organically in its number of users and lay the foundations of a generalized tokenization.
In 2019, ICOBox expects us to find answers to upcoming questions about government regulation and to establish rules that everyone can follow. A stable market is essential to set the stage for these discussions and a quiet market means fewer frightened government actors.
With the "big banking interests" and more than half of the twenty largest Bitcoin accounts that have been created in the last two months, the interest is greater than ever, just do not expect an explosion in 2019. ICOBox states that one year Long and boring is the best. With a variety of blockchain solutions scheduled for the new year, take the time to research companies, subscribe to services that arouse your interest and explore the creation of token.