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Most Valuable Crypto Market Predictions For 2019

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crypto market predictions

As 2019 approaches, most crypto investors grow interested in the future, and what crypto market predictions may bring for the New Year. Especially after an entire 2018 being mostly bearish and not exactly crypto-friendly. A lot has happened throughout the year, and the stage is set for things to happen in 2019.

What exactly is going to happen? Let’s take a look.

Crypto market predictions for 2019

1. Trading to go to decentralized exchanges

The entire point of crypto and blockchain is decentralization. While there are some centralized cryptocurrencies, the vast majority of them claims to be decentralized. As such, trading decentralized coins in centralized exchanges seems a bit out of plate to a lot of people. Because of this, developers came up with a new solution — decentralized cryptocurrency exchanges.

However, these exchanges have yet to fix issues such as speed of transaction validation, potentially high costs and alike. These and similar issues are the reason why DEXes still did not grow to dominate the market, and why centralized exchanges around the world still dominate the space. However, experts predict that a lot of these issues may be solved and fixed in 2019, which will allow decentralized exchanges to finally start seeing some real volume going their way.

They are already much safer than even the safest centralized exchange, and they have numerous other benefits. With a bit more work, experts believe that their time will come, and full decentralization will finally be obtained in the crypto market.

2. dApps will grow big

Decentralized applications (dApps) were invented around the same time as smart contracts, and they came as quite an interesting concept. While decentralization was originally only intended to include money, soon enough, decentralized everything became a real thing. Applications were no different, but they have yet to gather enough attention and support in order to truly influence the world.

One of the first dApps was an Ethereum-based game, CryptoKitties, where the goal is to collect and breed digital cats. While this is hardly a way to revolutionize financial system, as dApps were supposed to help do, it brought an interesting idea which attracted numerous developers. Soon enough, mass dApp production started, and it is still going right now. Nearly every coin dedicated to the development of new technologies, such as Ethereum, NEO, EOS, and alike, started producing dApps, with ETH blockchain still leading in this regard.

Now, experts believe that 2019 will be the year when dApps will finally grow big enough for the whole world to learn about them and make them popular.

3. Bitcoin ETFs will bring institutions to crypto

Bitcoin ETFs are not exactly a new idea, and people have been trying to convince the US SEC to approve them since 2013. However, the SEC has yet to do so, as the Commission clearly believes that it is not yet time for this type of ETFs to arrive. In the meanwhile, this is something that investors have been waiting for for a long time, and they are getting impatient.

If approved, Bitcoin ETFs can mark a big turn in crypto history. While cryptocurrencies managed to do an excellent job at developing themselves and surviving for an entire decade without the support of banks, governments, or large investors, many believe that they have reached a point where they need help. Developing new technologies is never cheap, and there is only so much that individual investors can do to help. Institutions, on the other hand, handle millions and millions of dollars that are ready to be invested in promising projects, but they refuse to go crypto due to regulatory uncertainty and general mistrust.

If Bitcoin ETFs get approved, they would serve as a bridge between cryptos and these investors. They would be able to help crypto development without entering the risky business of actually investing in crypto. It’s a win-win situation, which is why all eyes are on the SEC, and the world awaits their decision regarding the new wave of Bitcoin ETF applications.

4. Valuation framework will bring market stability

It is no secret that cryptocurrencies have been treated with the lack of trust or appreciation due to their nature and goal. However, they also lack any kind of comprehensive valuation framework, which has made a serious disconnect between the prices of digital currencies and their fundamentals. As such, it is not surprising that old-school investors and masters of finance industry did not trust them. They have simply seen too many scam attempts throughout their careers to just jump on an opportunity like this, no matter how sincere it looks at first.

However, this may change in 2019, as experts believe that introducing valuation models will bring some sanity to the market. There are already several ideas on how to do this, one such idea claiming that the net value is proportional to the square of the number of all connected nodes. Models such as this can increase the sophistication of the crypto market and spark additional interest in financial minds that are searching for proof that crypto is the real thing. While a lot of work is still required in order for everything to fall into place, 2019 is expected to be the year when it happens.

5. Adoption of security tokens

After the launch of Ethereum, Vitalik Buterin introduced the idea of a shared world computer, where decentralized computation became a possibility. This has brought utility tokens, which represent shared ownership of any digital resource. Such commodities like processing power, computing power, file-storage capacity and alike became tradable things, and entirely new markets were discovered.

People realized that smart contracts can be used for numerous new things, and eventually, ICO popularity skyrocketed, bringing tons of new altcoins, and raising over $17 billion in a single year. However, soon after that, security tokens emerged.

Security tokens act as a fully-compliant representation of ownership in various traditional asset classes. This includes things like bonds, real estate, equities, and alike. They are different from utility tokens, that aim to “decentralize away” risks of regulation. Security tokens, or securities, have a large addressable market, and people are always interested in trading them. Thanks to the blockchain, they can do it at any time of day and night. For a lot of people, however, things simply developed too fast, and trading securities is a scary concept to many. However, 2019 is expected to be the year when this type of trading will be more accepted and fully adopted, which is something that many are looking forward to.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

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