The cryptocurrency market is staring to look good now that January is coming to an end. Seeing how 2017 was an amazing year for all the major cryptocurrencies, people expected to see the same thing happen in 2018. Unfortunately, this was not the case and people got a reminder of why investing in cryptocurrency is not for the feint of heart. The market dipped and everyone lost cash but now we’re back on track.
Although, there can always happen something which might influence the market to go down again and today we are going to analyze some changes that could affect the market. With that being said, here are the top five things that could shake the entire blockchain world.
The DAO Market
As of now, the DAO market is being directed by companies like Colony, Aragon, District0x and DAOStack. These companies will have a few proof-of-concept DAOs up and running in the nearby future. The reason why this matters is because these protocols are highly advanced in terms of technology and they will grab everyone’s attention.
Ripple to Go Down
In theory, Ripple sounds like the “safest” bet for everyone who wants to get involved with the cryptocurrency world. However, there is a big problem with Ripple because it doesn’t require a protocol token to function. There are numerous different protocols which also don’t require tokens and they will prove to be fierce competition to Ripple.
The Market Will Grow in Popularity
The one thing that we can be certain about is that the market will get huge in terms of popularity. This is amazing news for people who already invested money in altcoins because the new mainstream investors will boost the overall prices of altcoins by increasing the demand.