Connect with us

Blogs

Where Does Blockchain Go from Here?

Published

on

blockchain
READ LATER - DOWNLOAD THIS POST AS PDF

If cryptocurrencies are one of the most popular topics in the world of finances, then blockchain is just as popular in the world of technology. Of course, the two tend to come as parts of the same package, but the blockchain technology goes far beyond simply supporting cryptocurrencies.

Over the years, developers have been shifting their focus from crypto and towards blockchain, discovering new use cases, and increasing the technology’s importance in the eyes of the world. However, similarly to crypto, the full potential of this tech is still largely unknown, which often sparks new predictions, assumptions, and speculation.

Fintech media company ChainDD recently invited numerous industry leaders to an online interactive program named “Who is the prophet?” in order to have them present their thoughts on the topic of blockchain and crypto. Industry leaders spoke to the crypto community, they managed to present evidence to back their past or current crypto/blockchain theories, and they went through a wide range of topics and expectations.

As a result, the world got to hear some of the predictions regarding these technologies and the potential turns they might take in 2019.

Blockchain predictions for 2019

The founder of LD Capital, Lihua Yi, stated that the blockchain technology would likely be much more active in 2019 than it was in late 2018. He expects that professional funds will improve, while the ones that do not perform will end up being eliminated. Furthermore, he sees the number of formed funds going down by 90%. However, he believes that the same will happen to crypto media outlets, with only about 20 of them surviving.

Then, there is Rui Guo, Ultrain’s co-founder, who stated that a number of new market segments are going to merge within the blockchain industry. He also predicts that some of them might be a traditional public chain, while others will be commercial. In the end, Guo predicts that two or three of them will likely solve the decentralization and scalability issues. Finally, he believes that public blockchain will probably be adopted in numerous industries, such as healthcare, gaming, retail, financial industry, energy, logistics, and alike.

VeChain’s founder, Sunny Lu, also predicted blockchain development, but Lu focused on the long-term, stating that the large scale adoption of blockchain is inevitable in the following decade. Not only will it come, according to Lu, but it will be used in pretty much every aspect of our lives. He also sees blockchain getting more and more in line with relevant regulations as the adoption and development continue.

Chu Shuai, the founder of QTUM, decided to take a more conservative approach, stating that 2019 is still too early for the mass adoption of this technology. He expects to hear about several breakthroughs before the year ends, although large-scale commercialization is unlikely to happen for at least three to five years. Regarding cryptocurrencies, he hopes to see the industry grow back to $200 billion, while the price of Bitcoin is expected to be anywhere between $4,500 and $5,000 at that point.

Zheng Ren, the partner at Consensus Lab, believes that blockchain investments will “choose paths,” as he put it. Around 80% of the token funds are going to disappear, he claims, while the surviving ones will be professional investment institutions. As for Bitcoin, he believes that it will continue its fluctuations between $3,000 and $6,000, while the popular dApps will be thriving. Also, he believes that more countries will try to come up with regulations and enforce them in order to establish STOs along the way.

Finally, there is Mei Luo, Tsinghua University School of Economics and Management’s Ph.D. Supervisor. Luo claims that 2019 will be more of a year dedicated to academic research of the crypto space, while 2020 will be the year of presenting the results of the research. She also expects to see new crypto-related courses in business schools, particularly in Asia and the US. As for Bitcoin price, Lua’s thoughts are similar to those of Zheng Ren, meaning that BTC will likely remain volatile, going up and down between $3,000 and $6,000.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Elite