While there happen to be market corrections in cryptocurrency market in 2018, everyone agrees that the very best is yet to come. There have been a whole lot of activities in the market that have changed the tide for the better. With proper analysis and also the right dose of optimism, anyone who is invested in the crypto market will make millions out of it. Cryptocurrency marketplace is here to stay for the long-term. Here within this article, we give you five positive factors that may spur further innovation and value in cryptocurrencies.

Bitcoin will be the first cryptocurrency within the market. It has the maximum number of users and also the highest value. It dominates the entire value chain of the cryptocurrency system. Alternatively, 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 scaling of transactions. With the assistance of peer to peer transaction networks on top of the blockchain technology, it's possible to increase the transaction volume per second.

While there are actually cryptocoins with stable value within the market, newer coins are being created that are designed to serve a specific purpose. Coins like IOTA are intended to help the web Of Things market exchanging power currencies. Some coins address the issue of cybersecurity by giving encrypted digital vaults for storing the money.

New ICOs are developing innovative solutions that disrupt the current market and bring in a brand new value in the transactions. They are also gathering authority in the market with their easy to use exchanges and reliable backend operations. They can be innovating both on the technology side regarding usage of specialized hardware for supply mining rigs and financial market side by offering more freedom and options to investors within the exchange.

Within the current scenario, most governments are studying the impact of cryptocurrencies on the society and the way its benefits may be accrued to the community at large. We may anticipate that there may be reasonable conclusions as per the result of the studies.

Few governments are already taking the road of legalising and regulating crypto markets just like any other market. This may prevent ignorant retail investors from losing money and protect them from harm. Abling regulations that boost cryptocurrency growth are expected to appear in 2018. It will potentially pave the way for widespread adoption in future

There is enormous enthusiasm for the application of blockchain technology in practically every industry. Some startups are coming up with innovative solutions such as digital wallets, debit cards for cryptocurrencies, etc. this will raise the range of merchants who are willing to transact in cryptocurrencies which in turn increase the range of users.

The trustworthiness of crypto assets as a transaction medium will be reinforced as more people trust within this system. Although some startups might not survive, they're going to positively contribute to the overall fitness of the market creating competition and innovation.

Many international banks are watching the cryptocurrency scene. This can lead to the entry of institutional investors into the market. The inflow of substantial institutional investments will fuel the next phase of growth of the cryptomarkets. It has captured the fancy of several banks and financial institutions.

As the surprises and bottlenecks around cryptocurrencies reduce, there will be more uptake from traditional investors. This is going to lead to a lot of dynamism and liquidity much needed for any growing financial markets. Cryptocurrency will end up being the defacto currency for transactions all around the world.