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 Compilation|Internal Reference Jun For many who came to the crypto world after the hype of 2017, 2018 left a bitter aftertaste, having experienced one of the most intense bear markets in cryptocurrency history. Despite this, 2019 will still be promising in terms of market capitalization and ecosystem evolution. In this forecast article for the crypto space in 2019 published by Weiss Cryptocurrency Ratings, a well-known risk assessment company, the company’s team presents its views on the future of cryptocurrencies. The article emphasizes that although 2018 was disastrous for cryptocurrencies in terms of price, it was “a year of significant progress” in the field of technology. Price predictions aside, Weiss Cryptocurrency Ratings has shared with its subscribers seven technology predictions related to crypto and blockchain technology, most of which are very positive. The following is a summary of the article: Prediction 1: Bitcoin will increasingly be used as a store of value. For the analytics team, Bitcoin’s properties make it easy, secure and efficient to store and transfer value between people. Currently, the team believes that no competition can beat Bitcoin in this regard, so it is “on its way to becoming a veritable digital gold.” Prediction 2: The price of Bitcoin will rise again and reach new all-time highs. Without giving a specific number for the forecast, the analysis team maintained Stacy Herbert's view on what Max Keizer called a possible rapid pullback. In all previous cases, Bitcoin has likely experienced a strong recovery following a bear market, as the development of high-quality platforms and solutions has increased significantly during this time. “In 2019, just like after previous bear markets, Bitcoin will rise again and will reach new all-time highs. ” Prediction 3: Some altcoins will rise to 20 times their previous all-time highs As Bitcoin develops, some altcoins will gain popularity and be adopted by more and more people. The team believes that this number will not be as huge as in 2017, but only "a small number of companies with advanced technology" will experience this bull market. Prediction 4: A select group of cryptocurrencies will compete to build a new internet The Weiss Cryptocurrency Ratings team stated that projects such as EOS, Cardano (ADA) and Holochain (HOT) may contribute to the development of a new paradigm on the Internet, and that all projects with similar goals "most will ultimately fail." Prediction 5: XRP could eventually become the world’s number one cryptocurrency Unlike Keizer and Herbert, Weiss Cryptocurrency Ratings believes that Ripple and Stellar will play a leading role in optimizing and reforming the traditional banking system. The team also believes that Ripple’s XRP could eventually become “the world’s number one cryptocurrency. ” Prediction 6: Some Bitcoin hard forks will fade away. This may be the only negative note in the agency's forecast. The team is particularly critical of some Bitcoin forks (such as Bitcoin Cash and BSV), which they believe are effectively useless: “Many cryptocurrencies will disappear simply because they bring almost nothing new to the table. Even among the top ten companies by market cap, there are several that fit that description, including Bitcoin Cash, Bitcoin SV, and Litecoin. “ “They have no case for innovation. They are likely to fade over time. “ Prediction 7: New coins will rocket into the top 10. The team believes that with the emergence of new players such as Holochain, Hedera Hashgraph and other currently less popular cryptocurrencies, there will be significant changes in global market capitalization. This is consistent with previous behavior across the ecosystem, with projects failing or declining in popularity while others emerge once the community becomes more familiar with its technology. Compilation|Internal Reference Jun Article source | CoinGape Special statement: ICO projects in the blockchain industry are mixed, and investment risks are extremely high； It is difficult to distinguish the authenticity of various digital currencies, so users need to invest with caution. "Chain Internal Reference" is only responsible for sharing information and does not constitute any investment advice. All investment behaviors of users have nothing to do with this site.   (The pictures in this article come from the Internet. If there is any infringement, please contact us and delete them. ) Please indicate the source when reprinting. ———— END ———— REVIEW ◆◆Review of past issues         |
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