Cryptocurrency is going to see some serious turns in 2019. 2018 has been pretty awesome and disturbing for the crypto market. At the start, it was the most profitable investment and in the end, things got pretty serious. Cryptocurrency trends are going to show many curves in 2019. If you are thinking about investing in this field, you must know about Cryptocurrency trends in 2019.
We can say that these currencies are here to stay for a long time and we are sure that this trend is going nowhere for the foreseeable future. Here are some trends that you must follow to predict the landscape of crypto in the foreseeable future. If you can use these trends in the right way then there are better chances of you to survive in this market.
Stable Coins and More Stable Market
At the start of this boom, many of thought that it is just a Ponzi scheme but the results proved all of these sayings wrong. Crypto market has seen many setbacks like the involvement of US security exchange and many exchanges hacks to manipulate the market. Even the crypto-related ads are banned on all major social media platforms including Facebook, Twitter, and Google. As the experts noticed these attacks, they predicted that the crypto market may not survive but here we are. Crypto market is not alive but its roots are not more stable and market cap shows it as a strong pillar of our financial standings.
Bitcoin Dominance will Increase
If you have not heard about cryptocurrency trends then you are not living in this age of the internet. If you have not heard about it then you must be aware of bitcoin? No doubt, bitcoin is the king of cryptocurrencies. Bitcoin has been the first position for a long time and it still stands at the top if all currencies but it has faced a huge decline in recent few months.
Don’t worry about this decline as it is surely going up from this point. There is no major indication yet but the bitcoin dominance is expected to increase to 50 percent.
Bitcoin has been More Stable
Despite its volatility, the bitcoin trends have been more stable as compared to other major coins in the market. Now every new investor is going to invest in the bitcoin. As Ripple and Ether have also faced major decline and it will increase the bitcoin dominance.
Altcoins have also been Influenced by Bitcoin
Bitcoin is the king in the market and if its price goes down, the altcoins also go down and if shows increasing trends, the altcoins also follow the same trend. Go through other posts on the blog for detailed info about Cryptocurrency trends and situations.