With 2019 just roundthe corner, crypto pundits have started forecasting about the trends and possibilities to watch out in the coming year in the crypto world.
The crypto scene seems to have finally crawled out of its baby steps and is marching its way to the bright days ahead. The industry witnessed its fair share of ups & downs in 2018, ranging from the bearish market trends to green flush in the BTC world. And with 2019 just knocking on the door, crypto enthusiasts are eager to know about the upcoming forecasts or trends in the digital asset world in the coming year.
One of the most important trends that crypto experts have predicted for the industry is increased trading volume in the crypto world. In spite of the bearish market trend and BTC’s dramatic crash this year, cryptocurrency trading volume is expected to be 50%+ higher the coming year. As per the market experts, trading volume for cryptocurrencies will soon surpass that of the corporate debt in the USA. More importantly, the crypto trade volume is likely to touch 10 percent of equity trade volume in America.
Rising adoption of cryptocurrencies is another big trend to check out in 2019. Cryptocurrency had been mostly limited to the retail sector till date. But experts have predicted that soon institutional bodies too would be adopting it far and wide. Already the Ohio government has started accepting tax payments in crypto. It won’t be exaggerating to forecast other State governments too will follow suit in near future.
Bitcoin, being the king of cryptocurrencies, has been serving as the base pair for crypto trading for long. And, as per the experts, Bitcoin dominance as base pair will continue in 2019 as well. At present, BTC as base pair caters to 33 percent of crypto trade volume worldwide. Tether comes in the 2nd position (22%) while Ethereum stands third (12%).
A major landmark trend to watch out for in the crypto scene in 2019 is the approval of BTC ETF possibility. SEC rejected the proposal last year blaming the coin’s notorious volatility & illiquidity issues. But presently, a senior SEC commissioner has himself revealed Bitcoin ETF seems to be “definitely possible”. As per the reports, Nasdaq is possibly partnering with US CFTC for releasing BTC futures sometime soon. These futures are reportedly slated to release in the early quarter of the 2019.
Crypto gurus have also forecasted adoption of versatile asset trading by the crypto exchanges. Traditionally, the exchanges were limited to BTC and ETH only. But investors today are also showing interest in growing range of digital assets and hence need a versatile exchange.
TIOx is a promising utility token which allows seamless transaction of a varied spread of digital assets on its parent exchange Trade.io. The token helps users to purchase new assets along with ICOs on Trade.io exchange. The token also enables interested investors to participate in the platform’s shared liquidity pool. TIOx is a listed token and can exclusively traded on trade.io exchange.