In an interview with The Street media outlet, Changpeng Zhao, the CEO of Binance, has expressed optimism that mass adoption of Cryptocurrencies will occur in 2019. The founder of Binance in his sole review of the direction of Crypto markets further noted that 2018 has been a good year for Cryptocurrencies. This is because of many positive events such as development and establishment of more user-friendly Crypto exchange platforms, bringing of native Cryptocurrencies such as XRP and TRON close to buyers, etc.
Despite the ongoing bearish rally that has plunged the market to a current low of about $122 billion dollars of market capitalization market activity is still high. The reason for the public interest is that more people are identifying Digital Assets as credible short-term or long-term investment options. Hence, the future of Cryptocurrencies in regards to mass adoption is very much in the offing.
Cryptocurrencies Are Becoming Easier To Acquire
Cryptocurrency exchange platforms such as Binance, Huobi, Bitfinex, and many more are becoming easier to use. They have state-of-the-art user-friendly interfaces that can facilitate self-services for Crypto purchasing and selling. Further, these platforms are always accepting new Tokens for listing in simple processes a factor that not only offers a wide variety of investor-options but also supports the growth of upcoming Blockchain networks.
Cryptocurrencies Are More Efficient, Alluring More Users
On the part of Blockchains, more DLT networks are following through with roadmaps and forks that are changing the functionality of their Tokens. Additionally, there has been a series of hard forks and soft forks that mostly upgrade a Digital Asset and its platform. In this case, the best examples are TRON, Ripple, and Bitcoin Cash whose native Cryptos are more relevant following upgrades. For Bitcoin enthusiasts, its network has applied SegWit (Segregated Witness) feature that authorizes Blocks faster. This has made BTC-based transactions faster, smaller, and competitive.
Most of these events have been largely unveiled in 2018 are creating ideal conditions for the mass adoption of Crypto Assets as they make Cryptos be a more meaningful form of currency or investments Asset.
2018 Events Have Laid A Foundation For A Successful 2019 Crypto Year
Reading from a different script, Zhao, believes that the bearish trend is not having a negative impact on Crypto markets, he believes that the slump is easing market pressures and giving the market a ‘grace period’ to readjust to handle increased volumes. Hence, 2018 is a “build year” laying a solid foundation for a futuristic global phenomenon.
The CEO of Binance says that the foundation will attract more institutional investors particularly from the US to match Europe’s higher rate of Crypto adoption growth.
Binance is the largest Crypto exchange platform by both Adjusted trading volume and reported trading volume angles. Zhao believes that Crypto exchange platforms will be integral to the growth of Crypto markets and for this reason, there are many plans to upgrade Binance. One of these approaches is a psychological model of introducing Binance as a verb rather than the plain form of a company drawing on Google’s or Kenya’s MPESA’s success on the same.