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Cryptocurrency trends to look out for in 2019

Alan Muli

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Cryptocurrencies have not enjoyed their best year in 2018, but despite that, there have been a few memorable moments in the digital currency arena. Cryptocurrencies will enter 2019 with a newly found determination and zeal as they seek to restore what had until recently been deemed a ray of hope. Investment in cryptocurrency has also seen better days, but 2019 is promising to be a breakthrough year. This is so considering the recent change in fortunes that has seen cryptocurrencies experience a surge in value.

Stablecoins

Stablecoins were a force to reckon with in 2018. As other cryptocurrencies faltered, Stablecoins showed remarkable resilience dominating the crypto space and remaining ubiquitous. The performance of the coin will largely depend on the performance of conventional crypto assets platform. Stablecoins is no doubt one to watch in 2019.

Privacy protocols

Mimblewimble powered Grin and Beam showed the world that they are the go-to software when it comes to matters cryptocurrency surveillance. The platforms brought back the much-sought anonymity in crypto-related transactions. For a long time, privacy protocols in the cryptocurrency sector were wanting, but Grin and Beam changed the dynamic granting crypto-faithful the anonymity they had craved for for ages.

2019 will also see Bitcoin core get Schnorr signatures. This will open the door to privacy tech notably Coinjoin among others. Other pro-privacy platforms are expected to gain more traction in 2019 as more sectors continue to incorporate Bitcoin and other cryptocurrencies into their operations.

Wasabi Wallet, a BTC wallet focused on privacy, is also among the cryptocurrency trends to watch out for in 2019. Ethereum is also seeking to launch a platform that will enable confidential cryptocurrency transactions. The platform will be rolled out courtesy of Aztec protocols. Stablecoins will also join the bandwagon should zero-knowledge DAI transactions, Zkdai, enter themarket.

2019 is promising to be an exciting year particularly for the privacy sector in cryptocurrency. Watch this space…

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