2017 was the year of the ICO and when Bitcoin really started to surge into new all-time highs
According to research firms ICO's raised more than $4.2 Billion during 2017, which is quite a bit more than the $256 Million which were raised I total from 2014 - 2016.
The funds was raised for various projects ranging from finance to media and social networks. Sure there are more and more regulations coming to the industry, which may clamp down on the less upfront or lets call it dodgy ICO's. It will be come more difficult to raise funds through ICO's in the coming year, as ICO's will have to adhere to more rules, but this will also mean that we will have above board companies trying to raise money.
What will 2018 hold for the industry.
I have recently read a very interesting article 2018 : The Year of the CryptoCurrency Craze,where the writer raised a very important point. All new technologies goes through certain stages, and one of these phases, is that we usually believe that the new technology can be used it for everything in life. As a result this causes an explosion of growth and happened to email, search engines, social media, and if we go back in time, it also happened to Faxes, Telephones, Television only to mention a few.
There is a fair chance that we will in 2018 find out what the best application is for Bitcoin and other currencies. I am still a firm believer, that Bitcoin, should become the new Gold Standard, and that there will be multiple altcoins, each for a specific reason. I do not believe that there will only be one global crypto currency, that will be used for everything.
If we look at Crypto Exchanges, we will see that there most Altcoins, can only be sold for Bitcoin, which means that Bitcoin is already playing a dominant role, of measuring other coins values against Bitcoin. I can see various coins surviving in the long term, with the important characteristic, of having a very specific role. Look at Steem for example, in my opinion, Steem will dominate the social environment, and I can clearly see how SMT's will play a massive role in 2018, with more and more websites, starting to use the Smart Media Tokens, to incentivise there users on their sites.
If we look at a coin like IOTA (and I am not saying IOTA will survive), but a coin targeting the Internet of Things, will dominate that the IOT market. Even something like we are doing in @SportsPodium, might dominate the Sports Market. The golden thread between all these coins is that each have a very specific target market and reason for existance.
All we can do is wait and see how 2018 plays out, but one thing that I can promise you is that 2018 will have be even more exciting that the previous years in Crypto.
Happy Steeming
Great post mate. How are you doing? Hope you’re well.
Yeah I can’t wait for next year. Cryptocurrencies are entering mainstream now and i had people asking me about it all the time. I think money will start flowing into alts next year as people start learning about different uses for the blockchain and not everything becomes about the explosion in the Bitcoin price.
I think NEM will be the dominate the Asian crypto market, much more useful than Iota. Many of the newer crypto's are over hyped right now.
Looking forward for 2018 another good year for crypto.
Rally will continue in 2018 as All altcoins are still needs to perform better. :)
The Crypto Industy says:
that is a sound. Thanks
ICOs invest are good for future.
I don't think it's safe to invest in ICO's while they are funding. It can be profitable after successfully launched and get some trust from the crypto community itself. There are many ponzi ICO's out there to take your money. Watch out Bro.
It's crazy how far we have come. I first got into the community when BTC was $400 and it was the only token on Coinbase. I was there when ETH and LTC joined too. I'm excited to see what 2018 will bring. I'm pretty sure a lot of the coins that we see on the market now won't survive. But also, we'll see many more coins emerge. It's going to be an exciting year for crypto.
This is going to be a great year for Crypto, then again I'm worried all the hype is going to have some negative effects too. Like the last real estate bubble, when everybody and their mom started buying houses to flip, you knew the end was near. Of course real estate prices recovered eventually after 2008, and even if we do have a crypto market correction it will just weed out the weak coins and eventually prices will continue to rise in my humble opinion.
wow very good information & good work friend @jacor
bitcoin can rightly be called the father and the prophet of all crypto-currencies. he is famous and will grow on. All because people believe in him and people's faith decides everything. I like you believe that 2018 will bring us many surprises in the field of growth of the crypto currency.
thanks for the article and have a good week
I completely agree with you. I think that 2018. will be the year of mass adoption. Everything is going to skyrocket
Really awesome to be home. I just want to explore my dreams tonight.
great post
Cryptocurrency got this sinusoidal movement, in that no one knows the next increment or decrement. when BTC was pretty low, a lot actually thought of investing on it and when it became $700, they saw it as a huge increment and decided to sell it but now the price of BTC is $18955.89 and those that sold at $700 are wishing if they had knew they wouldn't have sold it. i wonder its next increment in the year 2018.
image credit
Nice article @jacor
And Steemit is going to be amazing this coming year, too!
agree...
Yeahhh I don't see Steem dominating social media. Places like Reddit and 4chan are a hive of activity for a reason. Unless I suppose there's a way to get paid anonymously? Dunno.
I see the end of 2018 being boring, with no revolutionary use cases really emerging, just solid use cases that aren't recognised as revolutionary (like MOD etc). I reckon we've still got a few years to go before the new paradigm emerges.
The main idea is interesting. Qll 2e have to do is just wait.
If we look back in the day in the history of cryptocurrencies we may be able to appreciate whether or not will be in the future.
We will live and we will see.
Crypto currencies has good future and also 2018 is well. Happy Steeming...
I agree with your statement regarding 2018. I think crypto is going to explode in 2018. In 2017 it began climbing out of the underground and in 2018 it will become more well known.
Now is the time to invest if you want to see the big returns!
This is going to be a great year for Crypto,then the net will be freedom
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Exciting times ahead! Viva la revolution!
It's indeed only market based cryptos that will survive because of their user base numbers,the bigger the user base the higher the coin will survive.
We are grateful Steemit user base is increasing day by day.
Now that coins are on the move and more people are interested to learn and trade, 2018 looks bright. The world is really enjoying bitcoin and other cryptocurrencies anyway.
great post. RT
there would be massive adoption of crypto's in 2018. A lot of application would be built on the blockchain tech and the price of crypto's would be sky rocketed.
you know IOTA is super interesting to me, this idea of a tangle, if they can really crush the issues in a timely manner then that could be the start of something born out of a different approach for a blockchain, i love the whole 2 transactions you do for the one that you need concept, some incredible minds out there in full activation mode these days! :)
lets hope 2018 is going to be even more amazing and more growth than this year :)
Like 2017, 2018 is going to make a lot of people millionaires. Corporations and common people everyone is now coming into crypto world and the market capitalization is going to reach unprecedented heights.
The most important thing in 2018 will be this here:
https://steemit.com/bitcoin/@the.privatier/12-important-things-you-need-to-know-when-deciding-about-investing-in-bitcoin-cash-or-bitcoin
Interesting!
Crytocurrency is the future, and i am willing to risk for it. When Bitcoin came in 2009, and i could have bought at only$0, instead i listened to the detractors who chorused Bubble, bubble, bubble.
It was the same in 2011 when its value started uptrend, the same in 2012, 2013...I mean.
I listened and kept my hands crossed, waiting for the prophecy to fulfill, for the bubble to bust.....but to what? This much i now testify, to naught! I missed the opportunity then, but now i am liberated.
I believe, firmly, that cryptocurrency is the future. It may here dip, here slow, but it will there spring, there accelerate.
The point is, irrespective of the occasional fluctuations, Bitcoins will continue in an upwards trend. Little wonder proven analysts are predicting the same.
Only recently, Ronnie Moas, the Founder and Director of Standpoint Research, and the man who foresaw Bitcoins incredible rise this year of 2017, observed that Bitcoin’s price could hit as high as $400,000 one day.
“The end-game on bitcoin is that it will hit $300,000 to $400,000 in my opinion, and it will be the most valuable currency in the world,” Moas said, as quoted by CNBC.
And not only him. Many financial analysts predict much the same. But Do you even need analysts? i mean, it is common sense. After about 8 years, Bitcoin has only kept rising, how can anyone even still doubt.
So yes, Cryptocurrency is the future, if you are already in this boat, please stay in. If you are still standing hands crossed, better jump in before it leaves you.
2018, 2019, 20...will all be well