While there have been market corrections in cryptocurrency market in 2018, everyone agrees that the best is yet to come. There have been a lot of activities available in the market that have changed the tide for the higher. With proper analysis and the right dose of optimism, anyone who’s invested in the crypto market can make millions out of it. Cryptocurrency market is here to stay for the long term. Within this article, we give you five positive factors that can spur further innovation and market value in cryptocurrencies.

1. Innovation in scaling

Bitcoin may be the first cryptocurrency in the market. It has the maximum amount of users and the best value. It dominates the entire value chain of the cryptocurrency system. However, it isn’t without issues. Its major bottleneck is that it could handle only six to seven transactions per seconds. In comparison, charge card transactions average at few thousands per second. Apparently, there is scope for improvement in the scaling of transactions. With the help of peer to peer transaction networks along with the blockchain technology, you’ll be able to raise the transaction volume per second.

2. Legitimate ICOs

While there are cryptocoins with stable value in the market, newer coins are increasingly being created that are designed to serve a particular purpose. Coins like IOTA are intended to help the Internet Of Things market exchanging power currencies. Some coins address the issue of cybersecurity giving encrypted digital vaults for storing the money.

New ICOs are coming up with innovative solutions that disrupt the prevailing market and bring in a fresh value in the transactions. They are also gathering authority on the market with their easy to use exchanges and reliable backend operations. They are innovating both on the technology side regarding using specialized hardware for mining and financial market side by giving more freedom and options to investors in the exchange.

3. Clarity on regulation

In today’s scenario, most governments are studying the impact of cryptocurrencies on the society and how its benefits could be accrued to the community at large. We can expect that there may be reasonable conclusions as per the result of the studies.

Few governments are already taking the route of legalising and regulating crypto markets just like any other market. This can prevent ignorant retail investors from losing profits and protect them from harm. Abling regulations that boost cryptocurrency growth are anticipated to appear in 2018. This will potentially pave just how for widespread adoption in future

4. Increase in application

There’s enormous enthusiasm for the application of blockchain technology in just about any industry. Some startups are discovering innovative solutions such as digital wallets, debit cards for cryptocurrencies, etc. this can increase the amount of merchants who are willing to transact in cryptocurrencies which in turn boost the amount of users.

The reputation of crypto assets as a transaction medium will be reinforced as more people trust in this system. Even though some startups may not survive, they’ll positively contribute to the overall health of the marketplace creating competition and innovation.

5. Investment from financial institutions

Many international banks are watching the cryptocurrency scene. This may lead to the entry of institutional investors into the market. The inflow of substantial institutional investments will fuel the next thing of growth of the cryptomarkets. It has captured the fancy of many banks and financial institutions.