Cryptocurrency is off to an interesting start in 2019. While there hasn’t been dramatic movement in any of the major currencies, there have been whispers of a bull run, and it hasn’t been a negative start to the year, for the most part. That more or less puts the crypto market in 2019 on firmer footing than it ever seemed to find in 2018.
Mostly, this is interesting from an investing perspective. For the most part, people seem to want to believe in cryptos’ potential, and even a relatively uneventful start to the year is encouraging. That’s not to say “want” should ever dictate investments (it shouldn’t), but the idea is that we’ve entered a climate in which it’s at least possible to imagine people buying back into cryptos in the hopes of another surge. The hope, if and when this happens, is that this time it will be more sustainable than it was in 2017.
While the primary focus is on investments, however, a more stable cryptocurrency market may also mean that cryptos will become more useful in a practical sense. In other words, if cryptos stabilize, they might become more appealing alternatives to currency for a greater variety of industries and merchants. There could conceivably even be a snowball effect in the best case scenario, such that a stable market makes cryptos more useful, thus making them more valuable, boosting the market, and so on.
If such a cycle materializes, or even if cryptos simply become marginally more useful, one area we may all want to remember to look in on is gaming. This is an expansive and dynamic industry that has in some cases already had brushes with cryptocurrencies and is in other cases primed to. Some examples that come to mind are as follows:
Because of these factors, gaming should be one of the first areas to catch our attention if 2019 rolls on without major issues for cryptos, or even with a bull run. Investor opinions and outcomes will get the most attention. But more practical usage can only help the crypto market along the way.
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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
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