- Asia and the Middle East will aggressively push blockchain
Interest in blockchain continues to be very high in Asia and the Middle East, where some of the largest banking institutions are forging ahead with blockchain projects or service offerings, particularly in payments.
New projects are beginning all over the continent for example, banks in Japan and South Korea have just begun testing a blockchain technology and cut costs by nearly 30 percent.
- The “Bitcoin dominance index” will bottom between 18-26% and will end 2018 over 40%.
Bitcoin Cash will trade over 0.45 BCHBTC at some point during the year.
- Decentralized exchanges will continue to blossom
But won’t be more than 5% of the market.
- Cybersecurity will amplify blockchain adoption
With attacks increasing demanding cryptocurrencies, blockchain and IoT cybersecurity will emerge with defenses based on cryptocurrency technologies.The emergence of blockchain cybersecurity may be the next big thing in blockchain.
5.We’ll see the rebirth of the DAO
There will be also a huge boom in asset backed tokens.
- Bitcoin will trade at both 6.000$ and $60.000 at some point of 2018
What goes down must come up.
- ICOs will take off
The pace of ICOs will grow significantly faster, and will overtake venture capital funding.
8.There will be at least 10 large ( > 5 billion in network value) “corporate coins” offered by Telegram and other companies.
It happened in 2017 and it will happen again.
- Finance and insurance will go all in
The insurance and finance sectors are two of the most likely to experience deep, and threatening, disruption from blockchain technology.
Insurance will emerge as a hot area as claims processing and complex multi-party processes like subrogation will show the business value of blockchain-based automation. And, JPMorgan will open a cryptocurrency trading desk, despite Jamie Dimon’s viral comments dismissing the validity of cryptocurrencies.
- Hashgraph based crypto will achieve 10% market share.
The blockchain ecosystem may also be a 2018 victim after all.
- Automation, privatization are coming
Blockchain will drive digital transformation of the enterprise specifically with automation, digitization of processes, tokenization of physical assets and activities and codification of complex contracts.
In addition, governance issues will continue to plague bitcoin (Segwit2x), ethereum (frozen Parity funds) and others as new challenges emerge. This will drive enterprises to “private” blockchains but will not slow down the growth of core cryptocurrencies.
- There will be a “breakdown” between financial derivatives (futures, options) on crypto
This will happen because of the network freeze and extreme manipulation.