Until the end of 2019, the amount of cryptocurrency trade will grow by 50 percent compared with current figures. This is stated in the research company Satis Group, which leads Bitcoinist.
Now 75 per cent of transactions with digital money spend the 20 largest cryptocurrency exchanges from the rating Coinmarketcap. In the coming year, the balance of forces will hardly change and the trading volume of coins will exceed 7.3 trillion dollars is 10 percent higher than the volume of transactions with the public debt of the United States.
What awaits cryptocurrency in 2019?
The least popular among traders use decentralized exchanges such as 0x and IDEX. They account for only 0.2 percent of the total volume of trading with digital money.
The document States that Bitcoin is the reserve currency for all crypto and a key component in the system of digital assets. Paired with them are trading more than two thirds of all tokens. In second place in the ranking is Tether (USDT), which accounts for 22 percent of trading in pairs, and Ethereum is third with 12 percent.
The rating results are quite expected, given that Bitcoin is the dominant currency on the market, according to Coinmarketcap, accounts for about 52 percent of the market capitalization of cryptocurrencies.
And the leading position of the first cryptocurrency on the market persists despite the fact that new altcoins emerge all the time, the newspaper notes. Interestingly, some experts see this as not only the strength of the asset, but also a sign of price consolidation.
Previously, researchers from the analyst firm Fundstrat Tom Lee estimatedthat by the end of 2019 Bitcoin will cost 36 thousand dollars. The company’s employees have studied the relationship of cost of mining and rates of cryptocurrencies: it turned out that by the end of next year, the cost of Bitcoin will be in the range from 20 to 64 thousand dollars.
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