Cryptocurrencies are growing and growing. Despite the market situation, this will always be a reality.
However, we know that there are a number of factors that seem to appear in the way of digital currencies and that make them great.
In the beginning, let's define what we mean by the big - that we refer to the popular, simply because for the digital currency to become larger, it must be famous. This leads us to the first "thing" ...
1. Cryptocurrencies have become fashionable:
The idea of cryptocurrencies has finally become acceptable. For a long time, cryptocurrencies have been associated with predators, and after getting rid of this bad stigma, digital currencies have fallen into the hands of predators and vagrants, making digital currencies seem like a criminal tool, connected to the dark web.
This bad stigma is also subject to vibration, and in the end, cryptocurrencies have begun to acquire a modern feature.
When cryptocurrencies are accepted in more places such as restaurants, cafes, clothing stores, and the like, and with the advent of more mobile applications (cryptocurrency applications, exchange platforms, portfolios, etc.) it becomes much easier to add "use value" Digital. Currencies such as Bitcoin Cash, and Litecoin are leading the way here.
In essence, when cryptocurrencies become 'more acceptable', they will become more popular in 2019.
2. Institutional investment:
When digital currencies generate more value, they become more categorically popular, check this out for example;
This graph shows interest from Google Trends, which pertains to the number of times "Bitcoin" is used as a search term between 25 June 2017 and this week. Now, compare the trend in this chart, the trend in the value of Bitcoin between June 25, 2017, and this week.
Bitcoin price data from Coinmarketcap.com
As shown from the chart, the rising popularity of Bitcoin is associated almost directly with the high value of Betquin. From this, we can conclude that when large institutional investment begins to increase prices, the popularity of search terms like 'Bitcoin' on the Internet will begin to increase, leading to a new wave of anonymous investors once again.
Large institutional investment is expected to cause a market storm at the end of the year. Increasing investments by just over 1% will lead to higher prices, not only higher market value, and therefore increased popularity as well.
3. Interest of central banks
More and more central banks are exploring the use of digital currencies, wanting to use them to understand how cryptocurrencies and blockchain technology can affect their countries. As part of these investigations, many central banks will develop a more positive approach to encryption, which in turn will encourage smaller local banks to start investing in encryption.
As this happens, rules and guidelines will be established more clearly, and thus, the culture surrounding the cryptocurrencies will be cleaned up. Money laundering ideas will be lost and replaced by the idea that the cryptocurrency is a real asset. Once the banks are involved, their customers will follow them, which is already promising for 2019.
It can not be said that 2019 will be the year of cryptocurrencies, it may prove to be an important year. As the above principles are becoming more and more pronounced in cryptocurrency culture, the popularity of digital currencies can be expected to increase, which will add to and support the industry.