Permalink to Early Twitter Investor Predicts Bitcoin and Crypto Breakthrough, Plus Ripple and XRP, Ethereum, Tron, Litecoin, Cardano: Crypto News Alert
Bitcoin and Crypto
The co-founder of venture capital firm Union Square Ventures just released his crypto outlook for 2019.
Jeff Wilson, an early investor of Twitter, says he believes that the market will bottom and enter a “new bullish phase” in the new year.
“I think we are in the process of finding the bottom on the large, liquid, and lasting crypto-tokens. But I think that process could take much of 2019 to play out. I expect we will see some bullish runs, followed by selling pressures taking us back to retest the lows. I think this bottoming out process will end sometime in 2019 and we will slowly enter a new bullish phase in crypto.”
“I think the catalyst for the next bullish phase will come as the result of some of the many promises made in 2017 coming to fruition in 2019. Specifically, I think we will see some big name projects ship, like the Filecoin project from our portfolio company Protocol Labs, and the Algorand project from our portfolio company Algorand. I think we will see a number of ‘next gen’ smart contract platforms ship and challenge Ethereum for leadership in this super important area of the crypto sector. I also expect the Ethereum open source community to ship a number of important improvements to its system in 2019 and defend their leadership in the smart contract space.
Other areas of crypto where I expect to see meaningful progress and consumer adoption happen in 2019 are stablecoins, NFT/cryptoassets/cryptogaming, and earn/spending opportunities, particularly in the developing world.”
According to Wilson, crypto still has plenty of obstacles to overcome. He expects unnecessary regulatory pressure to be one of the main concerns in the course of the next 12 months.
“There will also be pressure on the crypto sector in 2019. The area I am most concerned about are actions brought by misguided regulators who will take aim at high-quality projects and harm them. And we will continue to see all sorts of failures, from scams, hacks, failed projects, and losing investments be a drag on the sector. But that is always the case with a new emerging technology that allows anyone to set up shop and get going. Permissionless innovation produces the greatest gains over time but also comes with the inevitable bad actors and actions.”
You can check out the full article here.
Ripple and XRP
Ripple and XRP supporter Leonidas Hadjiloizou has written an extensive review on the biggest developments for the company and the digital asset in Q4 2018.
Here are some of the highlights:
- xRapid production with MercuryFX, Cuallix and Catalyst Corporate Credit Union Crumbs app Launch of SBI’s Money Tap, a Ripple-powered payments app to offer real-time settlement for domestic payments in Japan New XRP listings on crypto exchanges including Mercado Bitcoin, Biztranex, Satowallet, Bitvo, Kucoin and Cobinhood New RippleNet partners including Flutterwave and MoneyNetInt New XRP support on various crypto platforms including Nexo, Omni, Advanced Cash, Travala, EO.Finance and Changelly XRP via SMS USD loans collateralized by XRP on Cred XRP support in first self-trading platform for retirement accounts XRP the new base currency for nine exchanges, including Binance
You can check out the full list here.
Cardano, Augur, 0x, Ethereum, Lisk, Status, Tron, Komodo, Skycoin, Waves
The top 10 cryptocurrencies by market cap are not necessarily the most active in terms of development.
According to CoinCodeCap, Cardano is currently the platform with the most commits on Github, followed by Augur and 0x.
Here’s a look at the top 10 most active projects followed by (market cap rank).
- Cardano (ADA) – (11th) Augur (REP) – (50th) 0x (ZRX) – (31st) Ethereum (ETH) – (2nd) Lisk (LSK) – (35th) Status (SNT) – (64th) Tron (TRX) – (10th) Komodo (KMD) – (51st) Skycoin (SKY) – (215th) Waves (WAVES) – (21st)
Litecoin
Litecoin creator Charlie Lee just sat down for an interview with Crypto Insider.
Lee and host Vlad Costea talk about how Lee discovered Bitcoin, the origins of Litecoin and future developments on the network.
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