While there have been market corrections in the cryptocurrency market in 2018, everyone agrees that the best is yet to come. There has been a lot of activity in the market which has changed the tide for the better. With proper analysis and the right dose of optimism, anyone who invests in the crypto market can make millions from it. The cryptocurrency market is here for the long haul. Here in this article, we tell you five positive factors that can drive further innovation and market value in cryptocurrencies.
1. Innovation in scaling
Bitcoin is the first cryptocurrency in the market. It has the maximum number of users and the highest price. It dominates the entire value chain of the cryptocurrency system. However, it is not without problems. Its major drawback is that it can only handle six to seven transactions per second. By comparison, credit card transactions average a few thousand per second. Apparently, there is room for improvement in transaction scale….