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Where Does Blockchain Go from Here?

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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.

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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.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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