4 Reasons Why You Should Be Bullish About 2018 Crypto
By: Ivy Riane
Tags: Sentiment, Finance, Cryptocurrency, Bitcoin, Blockchain

Business is rapidly changing thanks to cryptocurrency. Photo by rawpixel.com on Unsplash

Bitcoin and most altcoins surged like crazy in 2017 and this has everyone wondering if we are going to continue to go to the moon or if it will stop, drop, and burn.

Personally, I feel like this upcoming year of 2018 will be even bigger than the last year for growth in cryptocurrency and I am very bullish on crypto. I think I have great reason to be bullish. What do you think?

#1: Hedge funds and big money involved now

In December 2017, Chicago Board Options Exchange (CBOE) and CME Group were racing each other to market with Bitcoin Futures so big money is now starting to get into Bitcoin. We saw the market go up in one heck of a rush up in anticipation of futures being released.

After the release, Bitcoin surged about 26% and futures trading had to actually be halted because of the volatility. Futures were released as a way to hedge against volatility but I am not entirely certain that futures exchanges were quite prepared for the extreme volatility of crypto.

The fact that big money is now getting involved in cryptocurrency is drawing many new investors into crypto as a whole. More money invested equals higher profitability in the long-term. That is the assumption anyway.

#2: Masses of new coinbase users daily waiting to discover alts

Coinbase was up to 11.9 million users right after Bitcoin futures were announced up from 11.7 million previously in November 2017.

This surge in new activity is gamechanging for the growth of cryptocurrency because many newbie investors have found out about altcoins and are now pursuing other exchanges like Binance and Bittrex.

Coinbase only offers four coins at the moment so it is only a natural progression to want to pursue cheaper coins for most newcomers to the marketplace.

#3: Marketcap will reach the trillions

Peter Thiel, entrepreneur and venture capitalist, said this: “People are underestimating Bitcoin. It’s a reserve form of money like gold. There’s $70B worth of bitcoin in the world, but there’s $9 trillion of gold. Great potential!”

Screenshot of Coin Market Cap 1/3/18

The current market cap is sitting at $761,514,111,620 with Bitcoin holding 34% of that cap (according to Coin Market Cap). So, the rest of the market is pretty much fair game with 1,385 other coins being listed as active on Coin Market Cap.

The market has already reached higher than anyone else thought that it would in just the last year. I cant wait to see what this next year holds!

#4: Projects have so many releases in 2018 coming up

So many great projects coming up in 2018! Photo by Artem Sapegin on Unsplash

I am not partial to any of the upcoming projects for 2018 really but I have had my eye on a few:

· Request Network: A roadmap will be released in 2018 as well as some changes to their viable product that could potentially revolutionize the financial industry.

· OmiseGO: They already have partnerships with McDonalds and Credit Saison so I am looking forward to what other partnerships they will form in 2018.

· IOTA: This one is a little speculative for those investors that want to totally keep crypto decentralized because IOTA does centralize things a bit. But, many giant companies have partnered with IOTA and the company seems to be built on a solid foundation.

· NEO: NEO has many upcoming apps being developed for it that will be released in 2018 and I can’t wait!

· Waltonchain: They have successfully working product already, a strong foundation, and more upcoming partnerships that make this project a frontrunner for an undiscovered gem for 2018.

We’ve learnt a lot this year about the market and about how investor emotions will cause it to go up and down (if you are new to the market anyway). And we have learned about new projects that are changing industries that we use every day, like contracts and mobile payment services.

I expect that we shall see many more developments in the coming year and I am fairly certain that the bull market will continue upwards. Feel free to leave a comment to start a conversation and if you found this helpful then please clap and share with friends so those that need this will have access to it!

What do you think about the current state of the market? Will we continue to go up and up or will we drop? Let me know what you think!

Disclosure: This blog post is for educational and informational purposes only and is based upon my individual experience. Please do your own research and do not invest any money that you cannot afford to lose. Consult with attorneys and tax professionals for any legal or tax related questions that you may have. This should not be considered to be investing, legal, or tax advice.