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The cryptocurrency markets in 2019 "will remain a little quiet" as companies focus on building crypto space, said CoinList CEO Andy Bromberg at Yahoo Finance on Jan. 31.
After records at the end of 2017, the cryptocurrency markets in 2018 were mostly bearish. The main coins suffered heavy losses. By the end of the year, Bitcoin (BTC) had lost 74%, while Ethereum (ETH) and Ripple (XRP) had dropped 84%.
The first month of 2019 also saw significant losses among the main cryptocurrency. When to press. These same parts, BTC, ETH and XRP, all fell by 9.5%, 22% and 15.5% on their monthly charts, respectively. However, according to Bromberg, the slowdown in the markets means that businesses and entrepreneurs will begin to develop the space by offering more useful services and products:
[In 2019] we feel that people are focused on building … I think the market will stay a little quiet, while people are focusing on creation. It sounds like a little bit of "Mesopotamia," "cradle of civilization," where everyone has the ingredients they need, needs to focus and start building those empires and creating what the future will look like, and that's what this year is going to be about. "
Bromberg noted that there was less hype surrounding the crypto-currency space. Falling prices and low volatility have pushed many speculators to leave the cryptocurrency during the last quarter of 2018. Some have also welcomed the collapse of the initial coin offer bubble. (ICO), many projects have failed to produce outright scams.
To date, CoinList has listed five ICOs: Filecoin, Blockstack, Props, Origin and TrustToken, none of which have yet launched tokens, according to Yahoo Finance. CoinList selects and reviews each project itself and only sells tokens to qualified investors (individuals with annual revenues greater than $ 200,000 or net badets greater than $ 1 million , to the exclusion of their principal residence).
Bromberg's statements echo those he made earlier this month, when he told The Wall Street Journal that the next step in cryptography was to determine "how to turn this technology into products that users could use ". Per Bromberg:
"Building consumer products is really difficult. The developer's toolbox is not there.
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