Circle releases optimistic report on state of cryptocurrency after 2018

31 Jan, 2019
by David Borman
News
Circle releases optimistic report on state of cryptocurrency after 2018

Circle Research has released a report which breaks down the data from 2018 to show trends which formed in cryptocurrency. Putting aside the current prices, the report is actually very optimistic, showing that there has been much growth in development, institutional infrastructure and dApp deployment.

The report covers many topics, including Bitcoin and Ethereum metrics, EOS and Ethereum dApp usage, regulation and much more. It does not gloss over the fact that 2018 has been a rough year for crypto, comparing the values of various projects from January to December of last year:

All was not bleak however, and some of the optimistic highlights include the observation that network fees have dropped dramatically on the Bitcoin network (though it is noted that number of transactions and transaction size have also dropped):

Another exciting gem is the fact that lightning network has grown considerably in 2018:

Also discussed are the nice rise seen in dApps deployed on both Ethereum and EOS:

Ethereum:

EOS:

One more optimistic revelation is the impressive growth of crypto funding and investment in blockchain technology companies:

There is a lot of other good stuff in the report, and it is well worth a look over. Ultimately, the final assessment ends on this message:

"The market downturn has led to the revelation that this technology is still in its very early stages and that the economic growth of the crypto market in 2017 did not match the nascent underlying activity and adoption. But it’s important to recognize that the pullback was necessary, and that after the last year, the value proposition of Bitcoin and other crypto assets is stronger."

If true, it could mean a good year is ahead in 2019. Will it come to life? Stick with Chepicap for all updates!

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Poll

Will 2019 be a better year?

(41 votes)

Add a comment

Have you lost your hard earned money to;
1.Binary option scam?
2. Forex trading?
3.Romance scam
and any other kind of online investment? 
I have a good news for you.
Contact; recbtc17 at g mail com
I had doubts it was possible to recover the funds I lost to binary options. However,big thanks to wealth recovery now for helping me recover a huge sum back and still working on full recovery for me.
Note that; I didn’t have to make any upfront payment for service and payment after recovery is voluntarily. They are nothing but the best. You should contact them!
31 Jan, 2019 - 23:34
till coinbase manipulate usdc I also dont tust circle
01 Feb, 2019 - 10:53
Circle should better issue a report on the real situation in the company, then we would look at all these frauds
03 Feb, 2019 - 20:17
Circle can throw dust in the eyes, so that everyone would think such as will be better for this exchange. It's an ordinary market manipulation.
03 Feb, 2019 - 20:45
This article doesn't make any sense)) But Circle is ready to write any nonsense as long as he is heard
03 Feb, 2019 - 21:05
circle is very different from the 'optimistic report' so i don't want to trust it
11 Feb, 2019 - 14:55
i don't see any optimism in connection with circle
11 Feb, 2019 - 15:17
not the first lie from the circle and i'm afraid it's not the last
11 Feb, 2019 - 15:47
optimistic report of circle but without any legal proofs
11 Feb, 2019 - 16:26
i would never trust coinbase and circle because they are two connected scams
11 Feb, 2019 - 17:10
i will never work with usdc
11 Feb, 2019 - 20:50
i realized a long time ago that usdc can't be trusted
12 Feb, 2019 - 18:39

Check out the latest news

You will be logged out and redirected to the homepage