November 14, 2018 & #8211; Livecoins
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In 2018 the cryptocurrency market suffered a slowdown, slowing down the huge appreciation it had previously gained. Despite this, a report by the Satis Group points out that until next year there will be an increase in trading with digital currencies.
The growth of approximately 50% will be driven by the increasing entry of corporate and institutional investors in the market. With these perspectives, attention is focused especially on the world's best known cryptocurrencies, the Bitcoins. Given this information, what can we expect for 2019?
The digital currency had already presented historical high this year. Despite this, it faced some volatility, reaching February with a maximum price of 7 thousand dollars. Currently its value exceeds U$ 9 thousand and it is believed in two factors that can influence the price spike. The first is the Bitcoin's mining activity growth. This is a process that involves considerable spending on computer processing power.
The reason is that they need to solve complex calculations that validate network processes. As a result, users who “lend” their machines are rewarded with cryptocurrencies. Research firm Fundstrat points out that this activity could grow by 350% by 2019. This means in practical terms that the value of the currency could reach $ 64,000. Direct effect of increased processing capacity, or Hash Power.
The hash is currently estimated to support up to $ 36,000. That is estimated to double next year. If we take current digital currency records as a base, this would represent a 600% trip. IR Prime Capital President Svetlana Ivanova also believes in the optimistic forecast. With central bank legalization and a technology base to increase system security, there are even higher stakes. Experts, like Yuri Pripachkin, talk about prices over 100,000.
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Bitcoins: Other Market Factors We Can Expect for 2019
Returning to Group report SatisWe should also mention a second factor that may be positive for the currency. Negotiations tend to focus on a smaller number of trading platforms. When trading volume converges for large carriers and better infrastructure holders, central trading rates increase. Next year's cryptocurrency projection demonstrates that they may account for 10% of US stock
In short, the investments will be allocated in safer and more prepared locations. There will be growth of corporate and institutional market share, and the expected result is price increase and stability. Of course, not everyone is optimistic about this scenario. The most skeptical point to the possibility of collapse of the digital currency due to speculative bubbles. If market stability is broken, the USD / BTC price will fall to 1 to 3 thousand.
Another more palpable hypothesis that could disrupt Bitcoin's rise is central bank bans. It is agreed that the relationship with these entities will be crucial to the success or retraction of the digital currency in the future. Until then, many factors can change the results of this complex relationship that digital currency has with official institutions.
In the case of Bitcoin, altcoin competition, represented by Etherium and Ripple for example, can also make a difference. We still have to wait to check the fate of the digital currency in the period ahead.
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