The latest Bitcoin news show that unlike 2017 when the entire market exploded and the price of the most dominant cryptocurrency Bitcoin (BTC) neared $20,000, it is the altcoins that are in the focus right now – and the market is in an overall bearish momentum.
However, cryptocurrency is still a symbol of a valuable investment (it has been such a symbol since its discovery in 2009) and Bitcoin has become a worldwide phenomenon inspiring thousands of other crypto coins to be motivated and get in the spotlight.
Over the years, many things changed in the crypto markets. The news are still followed by traders but the phenomenon is changing and crypto is worth pursuing but in a different way. Below, we are listing the trends that define the cryptocurrency market this year.
The Rise of Stablecoins
Known as digital coins that can be used as hedging tools against the potential decline of an underlying cryptocurrency, stablecoins have been in focus lately. It all started with the first one out there, named Tether (USDT), and continued with the Libra coin news – or in other words plans from the social media giant Facebook about unveiling its own stablecoin named Libra in 2020.
Stablecoins are great because of their ability to serve as a bridge between crypto and fiat currency – acting as the collateral which stabilizes the tense market conditions.
Greater Demand for Security Token Offerings
Let’s face it – there are people who love, and there are people who hate cryptocurrencies. In 2019, more and more institutional investors are interested in the cryptocurrency market – and security token offerings (known as STOs) are said to take over.
STOs are attractive because similarly to ICOs, they are backed by company shares or dividends, depend on SEC regulation, have limited exchange platforms and are a unique solution to ICOs because the latter is more susceptible to scams.
Increased Interest (and Investments) in Blockchain Technology
The scale at which blockchain is maturing is greater and greater every year. In 2019, the blockchain news show that companies want to improve their technologies in a transparent way – and blockchain is the obvious answer for that.
More Educational Resources than Ever Before
The world of cryptocurrencies is still a bit confusing for many, which is why there are more and more educational resource materials for the masses in an effort to bring in more investors on the markets.
There are channels offering webinars, online crypto courses and easy-to-follow tutorials for adults who are beginners to the world of Bitcoin, Ethereum and the cryptocurrency industry in general.
Low Price Volatility
Last but not the least is the fact that there is still some volatility and that the Bitcoin price is going up and down every day. However, the volatility nowadays is low and unlike 2017 when Bitcoin crashed and dropped dramatically low, now we can see that there is less volatility and Bitcoin is accepted more and more as a form of payment all around the globe.
If you are eager to learn more about the cryptocurrency market and want to be served with the latest crypto news daily, you are welcome to visit DC Forecasts and read everything from price analyses to upcoming trends, innovations and technological advances.