Following the 2017 ICO boom, along with Bitcoin’s (BTC) all time high from that period when the digital asset peaked at nearly $20k in December 2017, the Blockchain and Cryptocurrency industries hasn’t been all smooth sailing.
Since the cryptocurrency world is full of many surprises, it has become difficult to predict what is in store for the near future. However, it is interesting to hear what the industry insiders as well as some of the biggest crypto influencers in the ecosystem have to say regarding their expectations for the industry during the next 12 months and even beyond that.
Bitcoin (BTC) Price Today – BTC / USD
What They Had to Say About
CryptocurrencyAccording to Tim Draper the founder of Draper Associates and Draper University, and an American Venture Capitalist: “Bitcoin (BTC) hit the $250, 000 mark by 2022.””The price of leading digital asset Ethereum (ETH) will growth to $500 by mid next year.
Although the fact still remains that the majority of the Blockchain-powered solutions around the globe are done on the Ethereum network. As the use case of Ethereum (ETH) increases on a global scale, it will continue gaining more solidity as a smart contract product,” says David Drake who serves as the Founder and Chairperson of LDJ Capital.
According to the Head of Binance Labs, Ella Zhang: “2019 is going to be an exciting year for digital assets.
We are going to see a number of products shipped into the crypto space, especially from Binance Labs incubation program. The projects and teams are fully focused on building more real use case. This is going make a way for mass crypto adoption.”
What They Had to Say About Blockchain
According to the founder and CEO of Binance Changpeng Zhao, “Although 2018 has been a tough year, we have a long term outlook for the Blockchain industry.
My Biggest Fear w/ Cryptocurrency Going Into 2020 [Very Personal] 😳
The builders have been constructing in 2018, hence for 2019, we will see many real products and applications shipping into the market.”
Blockchain To Continue Its Evolution
“During my time developing Ethereum on the Blockchain I have experienced a number of ups and downs.
The phrase Blockchain is over has been heard many times.
However, the fact remains that the technological innovation relating to the Blockchain initiative will continue to evolve and even get better.
There are more tools today, tutorials and documentation, than ever which will continue growing as the user interfaces gets better and more seamless,” says Fabian Vogelsteller, the CEO of LUKSO and an Ethereum (ETH) developer who is responsible for co-creating Ether based ERC-20 Token Standard.
According to Storj Executive Chairman and Interim CEO Ben Golub, “Blockchain and open source communities will see their lines getting blurred as the two become synonymous with each other.
Open source has garnered massive interest as the cutting edge of innovation because it has the capacity to deliver security in transparency. The latest cutting-edge technology is decentralization which shares that same principle of transparency.
A proprietary platform can’t be decentralized, as the network that owns the code becomes the central position of failure.”
Bitcoin (BTC) Price Analysis
Yesterday, BTC is trading at $4,085.33.
This shows that it is up by 2.15% against the USD with a trading volume of $8,864,296,509 and a market capitalization of $71,224,736,286. Yesterday, BTC went on a minor bull run that took the price above $4100.
Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry.
She dedicates her time to sharing valuable information to members of the cryptocurrency community.
Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.