For the longest time, the cryptocurrency world has been growing nonstop, despite the highs and lows of the market. Yes, investing in cryptocurrency can still be risky due to its volatility but this doesn’t take away from the fact that cryptocurrency is becoming more popular by the day. We’re still in its early stages, of course, but it has a ton of potential and will take off at the right time. This is why we’re looking at some of the biggest crypto trends of 2018.
- More tools and platforms
This is a simple byproduct of cryptocurrency becoming more popular. People are starting to realize how much money and potential is there in the crypto world. So, as a result, we’re going to start seeing more experts, more websites, more software and overall, just a little bit more of everything. For example, if you’ve ever wanted to get a second opinion on what you’re investing in, there are many new robots like Bitcoin Profit that analyze the market and give an expert opinion.
- Security tokens
Security tokens have been somewhat of a megatrend recently and will change the cryptocurrency market forever. Security tokens are essentially the legal compliant tokenization of any assets that have the potential to profit in the future. Security tokens allow traders to make their deals faster, cheaper, with less paperwork and overall, with more convenience. This would make the cryptocurrency easier and just more convenient for everyone involved.
- Less ICOs
ICO stands for initial coin offering and is a somewhat tricky thing to invest in. Because of the complications in the past, people are now less likely to trust upcoming ICOs and for a good reason too. Too many times have people been burned and scammed out of their money. But on the bright side, we’re likely to start seeing less scam ICOs as well. People are now more prone to checking whether or not an ICO is legit.
- Blockchain usage
Blockchain in itself is a whole different trend and is already taking off quickly. The way it works is essentially like a digital ledger that connects information, content, and value. The technology behind it shouldn’t be underestimated and business is realizing that now. There are a lot of industries and niches it can disrupt, so, it’s only a matter of time to wait and see.
- Purchasing digital assets becomes easier
All in all, this is what it comes down to. Purchasing digital assets and any type of cryptocurrency is now easier than ever but it still has the potential to increase. People are finally warming up to the idea of cryptocurrency and are taking it seriously. More sites and shops offer the potential to buy products with crypto, banks are exploring the idea of incorporating altcoins, and the regulations and the fees are less on them as well. This is all great news as the way people view cryptocurrency is transforming in front of our very own eyes. Though crypto has a long way to go, for now, we’re on the right track.