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Is the Cryptocurrency Market Dead?

04.02.2019

In 2018, we observed a rapid decline in the value of Bitcoin and the destruction of people’s dreams of getting rich quick thanks to a crypto fever.

The market capitalization has decreased by almost seven times, while daily trading volumes have decreased more than four times and the ICO boom has ended having been reduced in capitalization from $1.2 billion to $65 million per month!

However, some technologies are still very effective which became apparent just against the background of general disappointment and the collapse of the market.

The blockchain phenomenon itself is undoubtedly the most important invention of the 21st century. Its implementation in government regulation, as well as in many other areas, the development of payment services, the infrastructure of crypto payments, and the development of services for the use of cryptocurrency in daily life says that the technology is developing and moving into a new phase.

The number of companies accepting Bitcoin payments online is growing. For example, such a giant as Microsoft is among them.

In some American states, it is allowed to pay taxes with cryptocurrency, while the number of services for the withdrawal of cryptocurrency offline is increasing.

Thus, ICOs lost investor confidence by the end of 2018 which happened not only due to the collapse of the market but also due to the fact that almost 80% of the campaigns were fraudulent. As a result, the decline in the popularity of this method of attracting investment led to the emergence of two new trends – STO and stablecoins.

Security token offering involves tokens that are equated with securities and are regulated by the state. Stablecoins are backed by fiat currencies.

The U.S. Securities and Exchange Commission (SEC), by increasing the requirements for start-ups, forces their creators to switch to Form D during ICO registration which means that only registered investors with assets worth more than 1 million, as well as individuals with incomes of more than $200,000 per year and companies with assets worth more than $5 million are allowed to participate in ICOs.

According to forecasts, the market capitalization of STO can reach several trillion dollars by 2020, while participants in the cryptocurrency market see the future of the industry in stock tokens.

Stablecoins are assigned the role of fighting volatility which is another market problem.
Despite the fact that the procedure for the production and sale of tokens is changing, the digital asset market continues to develop.

The Edinarcoin company is a new generation multi-currency blockchain platform based on the advanced blockchain, Bitshares 2.0 Graphene. The system allows users to create tokens and cryptocurrency on their platform quickly, conveniently and efficiently.

Thanks to the Edinarcoin platform, companies can tokenize their business, conduct STO, and be listed on the global cryptocurrency exchanges, spending a minimum of time and money.

The Edinarcoin company has long been represented in the industry and has won one of the leading places thanks to the active development, technical innovations that are being introduced into its platform due to changes in the market and the needs of the entire crypto community.

Whatever happens in the blockchain and cryptocurrency fields in the future, we can say with confidence that Edinarcoin is a cryptocurrency that will overcome any perturbations and will bring profit to its users.

Thus, just a few days ago, the number of registered users in the Edinar system exceeded 1 million, which is the most important proof that Edinarcoin is truly a national cryptocurrency.

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