In 2018, cryptocurrencies are breaking through regulations and making their way onto legalized platforms. A crypto-friendly framework is likely to come into place over the next year and the market is expected to stabilize by 2019.
In 2018, cryptocurrencies are breaking through regulations and making their way onto legalized platforms. A crypto-friendly framework is likely to come into place over the next year and the market is expected to stabilize by 2019. The initial hurdles faced by cryptocurrencies are already being overcome.
As of today, the overall market cap of cryptocurrencies has reached a $406 billion, quite a high compared to its post-“bubble” decrease to $250 billion. In just the past couple of months, the market cap has risen by a promising 62.4%.
In the United States of America, the Securities and Exchange Commission has declared an openness towards ICO’s. The Commission will focus on consumer protection rather than banning the whole cryptocurrency industry. Seeing the currency as a secure network, the Commission’s attitude has turned positive, which is favorable for the industry’s growth.
Cryptocurrencies have a social media ally
In the private sector, cryptocurrencies have seemingly confused supporters. Facebook banned all cryptocurrency ads in January but, a few days ago, they seem to be ready to release their own digital currency. Go to the fintech crypto news page for more information regarding the speculated new cryptocurrency by Facebook.
Facebook also plans to use blockchain technology to improve the website’s protective features. Blockchain technology is the basic platform of cryptocurrencies and all transactions are made on this network. The blockchain technology used for cryptocurrencies is safe, fast, cost effective and easy to apply.
Cryptocurrencies advance in various sectors
There are hundreds of industries waiting to adopt blockchain technology, and many sectors that have already signed up to use the technology, regardless of potential or existing regulations. The truth is, if every ground-breaking technology had waited for regulations to move forward and progress, the world wouldn’t be this far along today.
Currently, the sectors seem more involved in promoting their own cryptocurrency than banning the ones that already exist. This rivalry between different ICO companies works in favor of the cryptocurrency industry.
Among the cryptocurrencies that exist today, it is still unclear which ones will emerge as leaders in the field, and which ones will disappear for good. It is certain though, that cryptocurrencies on the whole, will continue to grow and eventually thrive.
Feelium - a digital token for the real world
Feelium is a cryptocurrency that has a large potential user base because the platform can be used by anyone, from any industry, or for any purpose. Feelium can be used for both B2B and B2C transactions. Feelium is also a tokenized blockchain platform that facilitates smart contracts and escrow services for users. The transactions on Feelium will be fast, secure and cost-effective.
The pre-sale for Feelium tokens is available on www.feelium.co and price stands at just $1 USD per token, today.