Why 2018 could be the best crypto year ever

in #steemit7 years ago

On the 1st of January 2017 the market….. capitalization of all crypto currencies was …..around $18 billion. Over the past 12 months the…. market capitalization… climbed to above $500 billion, which is about 27 times higher than before.
However, there are some good reasons to….. believe 2018 is going to be an even greater….. year than its predecessor.
2017 as a foundation
2017 was one heaven of a year for the crypto world. Not only did it make …..many people rich, but it also was a year of countless new founding of Block chain companies. Simultaneously the community consisting of … investors, programmers, freelancers…. and other crypto enthusiasts….. expanded. These people strongly improved …..their base of knowledge and skills during 2017, leading to….. an efficiency one have never seen in the Block chain….. world. In addition, most companies can not complain about their financial …..situation due to the enormous cash inflow.
Mainstream adoption
With the beginning of the final quarter of 2017, Bitcoin appeared to be in the….. mainstream news all the time. Especially when it finally reached …..the magic $20.000 mark, the media was totally freaking out. By the end of 2017, almost anyone…. living in a modern society knows what a crypto currency is. Nevertheless, buying or even …..using coins or tokens is still not easy …..for the average citizen. Luckily, many Blockchain start-ups are going to face….. this issue in 2018. Everyone should be…. aware of the fact that the …..majority of crypto currencies are created for widespread use. Cheap and …..fast money transactions, anonymity, data storage or …..gambling are only a few things to mention.
Technological advancement
Technology is advancing unbelievably…..fast in this day and age. We all recognized this aspect this year and we….. probably will continue doing so next year. As the Blockchain is still a …..comparatively novel idea, there is obviously….. a lot to improve. Transactions constantly becoming faster ….or cheaper is just the tip of the iceberg. The application areas of….. Blockchain will increase, mining will be enhanced….. and the proof of stake algorithm will appear more frequently.

The bigger picture
The enormous growth of …..crypto currencies will ultimately stop someday. This opinion is actually the general consensus. The question is just when and how. Comparing …..the crypto market to the stock market, one can …..see there is definitely still massive room for expansion. For instance, the market capitalization of the Apple Inc. is currently at almost $900….. billion. Additionally it is very likely that a lot of institutional money will flow into the …..market in the next months. Therefore, the chances that the hype will …..not expire in 2018 are indeed pretty good.
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Useful information. I followed and upvoted. I hope you do same thing. Thanks

great job bhai.. :)

Thank you for collaborating with me to promote this post as explained at https://steemit.com/steemit/@jerrybanfield/10-ways-to-fund-a-steem-growth-project.

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