In the past year, there has been a rapid development of the infrastructure of the cryptocurrency market and the growth of the market for cryptocurrency derivatives. Everything is ready to enter the cryptocurrency market for really big money.
Meanwhile, there was also a clear pressure from regulators (primarily American) on the cryptocurrency market and its operators. What trends will develop in the coming year?
In 2020, a lot of important events are expected that will affect not only the capitalization of the cryptocurrency market, but also the cost of individual coins. The attention of investors in digital money will be focused on national cryptocurrencies, the development of the crypto-derivatives market and mining, writes RBC. Mining and institutional investors. The mining market is becoming more mature and predictable, attracting institutional investors. Institutional investors will play an increasing role in the development of the industry, and the factor determining the success of investments is the cost of electricity. In 2020, a gr****al decline in the share of Chinese mining is expected.
Bitcoin and altcoins. The crypto-derivatives market, primarily based on BTC, will have an impact on the crypto market in 2020. On the one hand, the emergence of regulated trading floors in the US is perceived positively by many as they attract institutional investors. On the other hand, it is not a fact that derivatives are conducive to a bull market. Another expected event is the Bitcoin halving, which will take place in May 2020. Again, many view it as a factor in price increases. However, similar sentiments were regarding the Litecoin halving last year, but the price increase was already "included" in the LTC price at the time of the halving, which led to a prolonged fall in the asset.
Throughout 2020, we will see the continuation of the altcoin crisis. Now there are thousands of coins on the market, but the vast majority do not have liquidity, have no value and are not in demand. Most likely, gr****ally, they will simply disappear.