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While there are already market corrections in cryptocurrency market in 2018, everybody agrees that the very best is yet to come. There happen to be a whole lot of activities in the market which have changed the tide for the greater. With proper analysis and also the right dose of optimism, anybody who is invested in the crypto market may make millions out of it. Cryptocurrency market is here to stay for the long term. Here in this article, we give you five positive factors that can spur further innovation and value in cryptocurrencies.<br><br>Bitcoin is the first cryptocurrency in the market. It has the maximum number of users and the highest value. It dominates the entire value chain of the cryptocurrency system. In contrast, it is not without issues. Its major bottleneck is the fact that it can handle only six to seven transactions per seconds. In comparison, credit card transactions average at few thousands per second. Apparently, there is scope for improvement within the scaling of transactions. With the aid of peer to peer transaction networks on top of the blockchain technology, it really is possible to increase the transaction volume per second.<br><br>While you can find cryptocoins with stable value in the market, newer coins will be created which are designed to serve a specific purpose. Coins like IOTA are intended to help the web Of Things market exchanging power currencies. Some coins address the issue of cybersecurity by giving encrypted digital vaults for storing the money.<br><br>New ICOs are developing innovative solutions that disrupt the current market and bring in a whole new value within the transactions. They can be also gathering authority within the market with their easy to use exchanges and reliable backend operations. They can be innovating both on the technology side regarding usage of specialized hardware for [https://audiomack.com/edwrdellswrth mining rigs] and financial market side through giving more freedom and options to investors in the exchange.<br><br>Within the current scenario, most governments are studying the impact of cryptocurrencies on the society and the way its benefits can be accrued to the community at large. We may expect that there can be reasonable conclusions as per the result of the studies.<br><br>Few governments seem to be taking the path of legalising and regulating crypto markets as with every other market. It will prevent ignorant retail investors from losing money and protect them from harm. Abling regulations that boost cryptocurrency growth are expected to appear in 2018. This is going to potentially pave the way for widespread adoption in future<br><br>There is enormous enthusiasm for the application of blockchain technology in nearly all industry. Some startups are coming up with innovative solutions such as digital wallets, atm cards for cryptocurrencies, etc. it will boost the number of merchants who are prepared to transact in cryptocurrencies which in turn enhance the number of users.<br><br>The reputation of crypto assets as a transaction medium will be reinforced as lots of folks trust in this particular system. Although some startups might not survive, they are going to positively contribute to the all around health of the market creating competition and innovation.<br><br>Many international banks are watching the cryptocurrency scene. This can lead to the entry of institutional investors in to the market. The inflow of substantial institutional investments will fuel the next phase of expansion of the cryptomarkets. It has captured the fancy of many banks and financial institutions.<br><br>As the surprises and bottlenecks around cryptocurrencies reduce, there will be more uptake from traditional investors. It will lead to a lot of dynamism and liquidity much needed for any growing financial markets. Cryptocurrency will get to be the defacto currency for transactions all around the world.