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Trends to Follow in 2018

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February 5, 2018 | 

Joanna Newman |  0 Comments| 

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2017 was a rather crazy year in the world of cryptocurrency. The market cap blew 2017’s most optimistic forecasts out of the water. And, although 2018 started with a decline in price for must digital currencies, experts are predicting new trends and innovations that could change the whole game. The involvement of major institutions is expected to cause massive changes in the market.

Back near the end of 2017, we saw the Chicago Board of Exchange and the Chicago Mercantile Exchange introduce the use of futures contracts on Bitcoin trade. This was done to unite the traditional world of finance with cryptocurrencies. And, in doing so, this gave Bitcoin an even better reputation.

The road has, therefore, been paved for more financial institutions to get involved. Goldman Sachs recently announced the creation of an exchange bureau for cryptocurrency. Now, other institutions are bound to follow suit throughout the year.

 

Cryptocurrencies Without Transaction Fees


It seems that cryptocurrencies such as the IOTA, INT Chain and Railblock will make waves this year. The reason being is their transaction fees. In fact, the IOTA allows the transfer of funds with no transaction costs whatsoever.

We are now seeing an increasing number of investor speaking up against the transactions fees charged in exchange platforms. According to user complaints, in some cases, transaction fees can be as high as 10%. Therefore, investors are sure to lean towards other cryptocurrencies with lower or no fees.

Transactions fees on crypto-trades are still much lower than those of the traditional banking system. Still, if investors are not happy with the cost of their transactions, there is no doubt they will begin turning to cryptocurrencies like the IOTA.

This could be a major factor in the future evolution of the market. IOTA and Railblock have already seen increased activity and since all investors are always looking for ways to cut costs and maximize their profits, the cryptocurrencies with no-cost are sure to gain some momentum this year.

The Standardization of Cryptocurrencies


Today, almost everyone owns a smartphone. They allow us to access important services like Google, Apple or Microsoft to download games, apps and a whole lot more.

However, each one of these major companies has their own methods of operation and payment systems. Some apps or services cost a user to be able to download it.  And, with this, it’s not always easy for us to purchase a product or service that we are interested in since each distributor has their own accepted forms of payment. In addition, companies usually receive 20%-30% from each sale and this means that prices will vary depending on which platform you decided to purchase from.

This dilemma is exactly why programs like Appcoin or Publica have been created. They offer a simple and universal method of payment that works for all platforms that offer digital apps.



Appcoin, for example, targets the telecommunication market and is one of only a few cryptocurrencies that specialize in purchasing digital apps, which is a huge market. This includes anything from games, GPS services, banking tools, reviews and just about anything else that you can download. We are talking about a very lucrative market, likely in the tens of billions of dollars.

This small list of cryptocurrencies is still far from having identified all possible avenues of investment for 2018. Above all, it is up to you, the investor, to do your own research to determine which cryptocurrencies you believe will have the most potential.

The cryptocurrency market is still very young. Which is why it’s hard to make any real predictions about the future of the market. Therefore, we must always be vigilant when investing and always remember that the profitability of an investment is strongly correlated with the risk factor surrounding it.

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