While there have been market corrections in cryptocurrency market in 2018, everyone confirms that the best is yet to come. There have been a lot of activities in the market that have changed the hold for the better. With proper analysis and the right serving of positive outlook, anyone who is dedicated to the crypto market can make millions from the jawhorse. Cryptocurrency market is here to stay for the long term. Here in this article, we give you five positive factors that can spur further innovation and market value in cryptocurrencies.

Innovation in running

Bitcoin is the first cryptocurrency in the market. It has the utmost number of users and the highest value. It characterizes the entire value stringed of the cryptocurrency system. However, it is not without issues. Its major bottleneck is that it can handle only six to seven transactions per seconds. In comparison, credit card transactions average at few thousands per second. Apparently, there is scope for improvement in the running of transactions. With the help of fellow to fellow transaction networks on top of the blockchain technology, it is possible to increase the transaction volume per second.

Legitimate ICOs

While there are cryptocoins with stable value in the market, newer coins will be created that are designed to serve a specific purpose. Coins like IOTA are intended to help the internet Of Things market substituting power currencies. Some coins address the issue of cybersecurity by providing encrypted digital vaults for storing the money.

New ICOs are coming up with innovative solutions that affect the prevailing market and bring in a new value in the transactions. They are also gathering authority in the market with their easy to use deals and reliable backend operations  uniswap. They are searching for both on the technology side regarding usage of specialized hardware for mining and financial market side by providing more freedom and options to investors in the exchange.

Clarity on regulation

In today's scenario, most governments are studying the impact of cryptocurrencies on the society and how its benefits can be acquired to the community most importantly. We can expect that there may be reasonable final thoughts depending on the result of the studies. Few governments are already taking the route of legalising and managing crypto markets just like any other market. This will prevent ignorant retail investors from losing money and protect them from harm. Abling regulations that boost cryptocurrency growth are expected to appear in 2018. This will potentially pave the way for widespread usage in future

Increase in application

There is enormous enthusiasm for the employment of blockchain technology in virtually every industry. Some startups are coming up with innovative solutions such as digital accessories, debit cards for cryptocurrencies, etc. this will increase the number of merchants who are willing to transact in cryptocurrencies which will boost the number of users.

The standing of crypto assets as a transaction medium will be reinforced as more people trust in this feature. And some startups may not survive, they will positively contribute to the overall health of the market creating competition and innovation.