The Bitcoin prices and the ICOs operating in the market have seen an all-time high in the last quarter of 2017. But the prices since then have cooled off for both the cryptos as well as ICOs. The block chain market has refused to slow down in 2018 and it turned out to be a fundamental important year. With the development in progress a shift in sentiment has been witnessed and the market is set for another explosion with the price activity.
The combination of the drop in prices and the strong fundamentals, is a dream come true to the enthusiasts who are looking to increase the crypto holdings. At present the swing is being reinforced by the technological advancements which apply directly to the global economics. Despite of the rise and fall in prices the technological advancements have been gaining an increasing amount of traction.
The Bitcoin halving may occur by 2020 with the natural market coinciding with positive institutional responses and the improved technological functions. The basic idea is that mining rewards need to be cut down to half and this halved rewards limits the amount of BTC coins entering the market and thereby preventing the hyperinflation.
The ICO craze which has reached peaks in 2017 along with the stride in Bitcoin price seemed like most of these cryptos were being tokenized. Millions of dollars were also raised to fund the projects with an increase in the individual amount of money on each ICO. This shift of ICOs from quantity to quality has made them as securities during 2018.
Cryptocurrency revolution does not happen overnight, it takes incremental steps may be few decades to form. The first step is the creation and small scale utilization of these currencies and the second step is the right direction of the government agencies response.
Our friends at Mrbtc.org developed an interesting infographic on 33 Cryptocurrencies.
Described in Four Words or Less, please check out the following infographic and share your thoughts on it.
Original source https://mrbtc.org/about-33-cryptocurrencies/