The past few months have been mostly downward for Bitcoin and Altcoins, but the last week has been very active in raising the price of cryptocurrencies . The New Year is approaching, setting some expectations in the world of cryptocurrencies, and we wonder, what can we expect from a truly innovative digital currency?
Given that the technical data looks pretty good, analysts say 2020 will be very exciting for both Bitcoin and other cryptocurrencies.
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Although there is little doubt or fear around cryptocurrencies at this point, I'd say cryptocurrencies are unstoppable. He is our future.
I think bitcoin's weakness after July is understandable, and it's a common occurrence when there isn't enough support in the market. However, I believe that cryptocurrencies will increase cash flow and the price of bitcoin will reach new peaks.
-Tom Lee, Head of Cryptocurrency Research at Fundstrat Global Advisors
It is also noteworthy that recent developments around cryptocurrencies have also led to expectations.
For example, Jack Dorse, chief executive of Square and Twitter's financial side in Africa, has decided to implement his plans for cryptocurrencies. After several months of traveling, he thinks Africa is the continent that will soon lead other countries to cryptocurrencies.
In developing countries such as Africa, the impact of traditional money is very superficial and this reduces resistance to new financial technologies. So I think there is a big future for cryptocurrencies. "
Jack Dorsey's idea follows some big cryptocurrency exchanges. Binance, Belfrics and Paxful are launching new scales across the African continent.
At the same time, the launch of the Libra cryptocurrency, announced by Facebook, is coming up , which exacerbates expectations.
Also, France has just announced that it will launch its own cryptocurrency testing by 2020. According to the delegation, they are already ready to launch innovations in the financial world.
It is interesting to see what happens next in the world of cryptocurrencies and for which currencies the new 2020 will be successful.
What are your predictions?