Good news for cryptocurrencies in 2018
2017 has been an extraordinary year for cryptocurrencies and blockchain. The price of bitcoin has increased by almost 2,000%, rising from € 840 ($ 1,000) in January to more than € 15,900 ($ 19,000) at its peak in December. Ethereum, Litecoin, Ripple and other cryptocurrencies have seen similar peaks as well as the arrival of new cryptocurrencies. 3.1 billion euros ($ 3.7 billion) were raised using ICO (Initial Coin Offering), questioning the future of venture capital. And finally, CryptoKitties became a busy blockchain: its sales reached 10 million euros ($ 12 million) the first month.
What about 2018?
2018 will also be an important year for cryptocurrencies.
Here are some predictions:
1- The cryptocurrency market will continue to evolve with the involvement of institutional capital
2- ICOs will become professional as experienced investors enter the market
3- Regulators will position themselves firmly against ICOs which will cause a slowdown in the short term
4- Concerns about the growth and performance of this new sector will lead to new platforms and new approaches
Very good post. The predictions are very possible. ICO will have massive regulations because of scams. Al this regulations will make the cryptocurrencies to evolve and have less fluctuations. Also the 2018 will be for me a year of blockchain tecnology, many many government proyects using blockchain are being created.
It is very difficult if not impossible to predict the variations in the stock market.