Things move faster in crypto time than the real world. A week is a month and a month is a year. Every five minute it seems like the news is coming out and despite this, the trading community spent the better part of 2018 in a stagnant or declining position.
There are quite a few factors that could usher in a bull run. A few pieces of news that could change everything including:
- Paypal & Other Payment Processors Patenting & Adopting Blockchain
- Wanchain = Hype Upon Release
- Coins like Universa & Government Adoptions
Paypal, Exchange Buys, & Adoption
Paypal, as of March 2018, had filed a patent to essentially greatly cut down the time it takes to use crypto for payment processing/transactions. It utilizes tech already in existence that is based on using a secondary wallet to cut down on the time it takes for verifications to occur.
This will help with scaling when users are attempting to make quick purchases and more. One of the biggest criticisms of bitcoin and other blockchain protocols as the basis for products is its inability to scale or handle volume quickly.
This is a massive step towards making it easy to adopt. Beyond that, it’s an indication that massive corporations aren’t throwing their money into buying smaller companies, preferring to use their teams to find solutions that others are ignoring.
The buyout of exchanges by banks means that it will eventually be easier than ever for members of a bank to easily get alt coins of their choice even quicker directly from their bank accounts.
To break down where I’m going with this into simpler terms, we see a quiet and potentially massive shift in the ease of which crypto will possibly be bought. It’s likely that as things are set in stone in the next two months, we’ll see an influx of cash coming in from financial institutions of all kinds.
Wanchain, Universa, & Government Adoptions/Hype
If you’ve been living under a rock, Wanchain is the single most hyped up ICO of the past year. Its regarded as one of the most sought-after coins, which has yet to launch its mainnet, and for this reason, it’s impossible to get your hands on them. Traders have been waiting months for any sign that it’s time to trade Wanchain, and even then, many plan to hold their coins for the long term. The release of the Wanchain mainnet has been promised week after week. Half the market talks about it as if it’s the second coming.
Supposedly, very wealthy investors are standing by for when it hits a major exchange with millions of dollars to buy up as much as possible.
Some speculate that with the release of Wanchain onto a major exchange could alone reinvigorate the market and lead to a massive change. Whether its possible or not is the question, but many traders treat Wanchain as their flagship mascot now.
Beyond Wanchain, bullish changes can come from government adoptions of cryptocurrencies such as what’s been happening with the Malaysian government’s progressive adoption of Universa for low-income support infrastructure.
What The G20 Summit Could Mean For The Rest of 2018’s Crypto Market
The G20 summit is going to be a make or break point for an influx of bullish news. If things go well, it could mean governments agreeing to work on reasonable legislation for cryptocurrency while agreeing to foster an environment where it can flourish.
This is likely to happen because of the myriad of benefits it will offer to poorer countries both in terms of infrastructure and investment.
Ultimately, any of the factors discussed could lead to substantial changes in a matter of weeks. By the time we are halfway through the year, we will have a better idea of how blockchain will progress for the latter half of the year and beyond.