The bears’ narrative is running out of steam at this point. Crypto is not dead, and the fundamentals have never been stronger. There was a huge spike of volume that has been sustained for weeks now, so at least for now, it seems we have a trend reversal. The way the volume poured in and remained is nothing like the faux 6k bottom. While we may test the lows again, I think we have either bottomed or gotten super close to it. We still have to show strength for the next few months by bouncing back from any bearish movements, but overall, it seems that the worst is over.The good news is that most of the charlatans in the space have been ruined, and even if some of the legit projects also went under, the survivors will be just that much more resilient. 2019 will be the year that the space begins to mature. Things I am exited about:Improvements to Bitcoin fungibility and the growth of the lightning network.MKRDAO continuing to improve its DAI stablecoin through multi-asset collateralization.Tokenizing real estate on the blockchain — I’ve always wanted a piece of NYC real estate, and now I will be able to do just that.Financialization dapps. Very interested in mkr, compound, dharma, nexus mutual, bancor, and team just. I’m hoping Augur can grow some more, and Gnosis also is interesting.Improvements into Ethereum. Granted it may not happen in 2019, but Eth moving to PoS is super exciting. I picked up a bunch of eth when it was on super sale two weeks ago so I could run a staking node. In addition to getting Serenity up, Plasma chains, PoA chains, and Raiden network will all help with scaling Ethereum.Competing dapp platforms. Tron has been a pleasant surprise and I’d love to see what other platforms can bring to the table to compete with Eth.A plethora of stable coins trying different models. From regulated fiat backed tokens like GUSD/USDC, decentralized crypto collateralized DAI, and Haven Protocol’s XHV private off shore banking stablecoin experiment. Once merchants and suppliers can get payments using stablecoins, the money that goes into crypto will stay in crypto, reducing selling pressure.Security tokens. It would be super cool if a Fortune 500 company decided to tokenize its stock.Regulatory clarity. Encouraging bipartisan regulations were introduced to congress that could make a better ecosystem for traders and users and encourage more innovation from USA.Games. Loom is going to release their crypto zombie game, God’s Unchained will be released, and several more games are aiming for release. If people get these kinds of assets through smart phone apps, it offers a gateway to crypto that could even onboard people oblivious to cryptocurrency/blockchain.
Submitted December 26, 2018 at 01:07PM
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