While there has been market corrections in cryptocurrency market in 2018, everyone agrees that the best is yet to come.  bitget There were a lot of activities on the market which have changed the tide for the better. With proper analysis and the proper dose of optimism, anyone who is invested in the crypto market could make millions out of it. Cryptocurrency market will be here to keep for the long term. Within this information, we give you five positive factors that may spur further innovation and market value in cryptocurrencies.

1. Innovation in scaling

Bitcoin is the first 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 can handle only six to seven transactions per seconds. In comparison, credit 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 top of the blockchain technology, it is possible to improve the transaction volume per second.

2. Legitimate ICOs

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

New ICOs are coming up with innovative solutions that disrupt the present market and generate a brand new value in the transactions. They’re also gathering authority on the market making use of their easy to use exchanges and reliable backend operations. They’re innovating both on the technology side regarding usage of specialized hardware for mining and financial market side by giving 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 can be accrued to town at large. We could expect that there may be reasonable conclusions according to the consequence of the studies.

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

4. Upsurge in application

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

The trustworthiness of crypto assets as a transaction medium will be reinforced as more people rely upon this system. Though some startups may not survive, they’ll positively donate to the entire health of the marketplace creating competition and innovation.

5. Investment from financial institutions

Many international banks are watching the cryptocurrency scene. This can result in 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 several banks and financial institutions.

While the surprises and bottlenecks around cryptocurrencies reduce, there could be more uptake from traditional investors. This can result in a lot of dynamism and liquidity much needed for any growing financial markets. Cryptocurrency will end up being the defacto currency for transactions all around the world.