In this series, Lantah is exploring the trends of Cryptocurrency in 2018 and beyond. This is the year of maturity for Cryptocurrencies.
The total cryptocurrency market cap reached an all-time high of around US$828 billion in January of this year. This was the first ever jump in cryptocurrency history which started to climb in April 2017. Then over the few months, we experienced a huge decline in total market cap. The mainstream media declared Bitcoin is dead, crypto social media went silent, and many new investors lost money selling at the bottom. But it is back on track with growth.
Chart courtesy coinmarketcap.com
If you didn’t sell off at the bottom, congratulations! You survived the dip and practiced HODL. It was easy to get caught up in the negative chatter and headlines. Cryptocurrency is maturing.
2018 is shaping up to be a great year for cryptocurrency investments based on several signals.
The US government is supporting and encouraging innovation and only cracking down on illegal activities. Otherwise, other countries will get ahead.
Last year, freelance talent marketplace Upwork saw blockchain rise to the fastest-growing skill out of more than 5,000 skills in terms of freelancer billings — a year-over-year increase of more than 35,000 percent.
Numerous countries are launching their own Cryptocurrencies including Russia, China, Sweden, Japan, Israel, and Dubai
Instead of banning Cryptocurrencies as reported earlier, most industrialized countries are embracing and regulating it, including the major global market of India, South Korea, and China.
Cryptocurrency investors are changing the landscape. The old “Pump and Dump” tactic no longer works. Intelligent investors are seeking those longer-term hidden gems that will utilize their currency and blockchain technology to change the landscape of perspective project goals.