Market situation in 2018
2018 is the year which witnessed a sharp decline in the cryptocurrency market. Bitcoin, Ethereum, as well as other cryptocurrency, declined at record levels. Besides, the trading volume on the exchanges also fell sharply, and the total market capitalization reduced from 800 billion to 130 billion USD. Moreover, 2018 also witnessed the collapse of start-up projects through ICO. The explosion of ICO projects in 2017 has created a wave of excitement for hundreds and thousands of start-up projects, including good projects, quality and even fraudulent projects. Investors start losing money from ICO projects. The market shifted sharply, causing hundreds of projects to sell ETH to make losses, making the value go down. Potential projects also have to postpone plans because they are heavily affected.
Cryptocurrency has set a lot of records from the number of hacking of exchanges, to the number of stolen assets, to the biggest hacking of the exchanges of all time. Sadly, those records are not something to be proud of next year.
Positive signals are coming
At the end of 2018, the market got a little better when the value of BTC increased and stabilized at $3800. In this current situation, the world's No.1 exchanges - Binance continues to hold its position, which is a positive move to boost investors
.
1. Decentralized Exchange
If the hacked money cases from the exchanges continue, it seems that investors will lose their confidence in centralized exchanges - where their assets are managed by the exchange. For that reason, security and self-management of assets themselves are a way to regain market confidence. Binance DEX were born to solve that.
Binance DEX is a decentralized trading platform of Binance and develops on Binance Chain. Binance DEX is a secure trading platform and it allows users to trade digital assets issued and listed above. DEX is considered a great step forward of the monetary liberalization mission of the Binance ecosystem.
To experience the testnet version of Binance DEX, visit: https://testnet.binance.org/
2. Binance Labs - incubation of start-up project
Is ICO market dead or not?
This is always the question many people ask and receive negative feedback. The fact shows that ICO projects and investors are quite big losses. It seems that this makes potential projects also affected. So where is the place for good projects to prove themselves? Binance Labs was born to support all the best conditions for them.
Binance Incubator program will provide US $500,000 investment for 10% of equity or token, which will allow start up companies to start as soon as possible. The project will also provide advice from experienced crypto experts to provide support and ideas for companies.
Perhaps the need to eliminate bad projects, support good projects to bring blockchain technology into practical applications will be a step forward to regain investor confidence.
3. Binance LaundPad - Hand out the gun for the explosion
Over the past time, the crypto community has been waving up with the call for capital of two projects on Binance LaundPad: opening as Bittorent project - a project with huge marketing from the people behind the cult project TRON - Justin Sun. The Bittorent project created a new wave and prompted many people to ask the question "Is ICO dead?"
Investors are still skeptical about the market, the strong growth of btt (x10) after calling for a strong belief in the second boom. And the second round of laundpad of Fetch.Ai called for the capital to be successful in 22s again, affirming that "good projects will still develop, garbage projects will be eliminated".
Will this second project of Binance Laundpad really create excitement for the market? Does FET (fetch.ai) fulfill the expected growth of investors? And can laundpad program regain confidence for investors? What is the trend for the development of the cryptocurency? Please comment and share.
About Syndicator Org:
• Website: https://syndicator.in
• Telegram: https://t.me/syndicator_org
• Twitter: http://twitter.com/syndicator_org