Jan 8 / 2019
Latest News / Blockchain news/ Crypto
Posted by: Abdelkrim Krid

End of Year Crypto Predictions for 2019

Will we see more of the same volatile ups and downs from 2018?

This past year was probably not the year that crypto enthusiasts expected, after finishing 2017 with a dizzying high price across the board, this year prices have hopefully hit rock bottom. Unfortunately, so many in and around the crypto-sphere were entirely consumed with the price volatility of cryptocurrencies during 2018 and as we approach a new year the question that everyone wants answered is… Will the price recover next year and what about the hype about a crypto bubble?

José Maria Macedo, Head of Advisory at leading crypto firm AmaZix forecasts the crypto market trajectory. “Certainly, the true crypto bubble still lies ahead of us. Given the 2000 dotcom bubble was valued to be between $3-5 trillion, I would expect a second crypto bubble to reach $10-20 trillion in size, at the very least. Driven by improvements in scalability, infrastructure, and custodial solutions, this bubble will lead to real use cases, allowing for institutional money to be invested. However, as too many have been burnt by the current bear market, it’s unlikely that there will be a smooth recovery.”

Macedo is an expert in his field and is also predicting mainstream adoption next year for cryptocurrencies and blockchain. “I believe 2019 will be a year of slow revival across the crypto market, while we continue to build the key and necessary infrastructure that will allow for true mainstream adoption from 2020 onwards.” says José.

When reviewing the latest news and trends for the industry it seems like a downward news spiral with Bitcoin Cash recently splitting itself up with greed and Ethereum classic previously losing a group of developers. So many industry experts see mainstream adoption, regulation, security tokens and institutional money as the only way forward in 2019.

José Maria Macedo of AmaZix commented, “Despite the price in cryptocurrency dipping over the past year, the fundamentals are looking positive. Even in the bear market, crypto job prospects have increased fourfold since 2017. Usability has become increasingly more widespread – from Government adoption to healthcare benefits – and countries such as Dubai, Estonia, Japan, Israel and Switzerland are among those that are already seeing the benefits of crypto and blockchain technology. Furthermore, the Ethereum network now has more than 48 million unique addresses and 12 thousand nodes, and development tools and sources are growing rapidly, with Truffle Suite downloads breaching 1 million.

“It has been good to see global enterprises, such as Ernst Young and Morgan Stanley, are also investing in crypto for business benefits. EY has started introducing zero-knowledge proofs on Ethereum, while Morgan Stanley has declared crypto a new institutional asset class. I expect more enterprises to investigate how they integrate blockchain and crypto into their business in the new year, as more institutional money is invested into these technologies.”

Next year we will witness much less vaporware powered by ICO’s and a total clean-up of the crypto market in general. Henceforth, major developments are obviously needed in storing crypt footprint, with better technology as well as security and just maybe the next crypto based killer app. We hope to see blockchain evangelists continue to work together and lead the real change happening in the world that is now long overdue.

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