16 Jan Will 2020 Bring Clear Vision to the Oldest Cryptocurrency?
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To simplify, each of the last three years has had a distinct “theme” for the overall cryptoasset markets:
- 2017 was the peak mania/bubble period, especially in the 2nd half of the year.
- 2018 was the year the bubble popped, leading to deflating expectations and prices.
- 2019 was the year of recovery and “green shoots” for future use cases.
As we flip our calendars to 2020, the top question for traders and investors is whether the exciting technological groundwork laid in 2019 will pay dividends for investors, users, and developers.
State of the Crypto Market
Far from the heady, halcyon days of late 2017, the cryptoasset markets are far tamer and more grounded as of writing in December 2019. After peaking above $800B at the start of 2018, the overall market capitalization of all the tokens in circulation has fallen to roughly $200B.
Source: CoinMarketCap
The majority of the “value” lost has come from so-called “altcoins” which…
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