Since the beginning of the year, Bitcoin, which moved in the $ 3,500 – $ 4,000 band, had a 30% increase in the second quarter of 2019, with the attention shifted back to the crypto money market.
Whether we have reached the state of capitulation or not, it's important to look at what might be happening in the second quarter of 2019.
Let's take a look at the three key trends that await the world of crypto money for this summer and later.
IEOs (Initial Exchange Offerings)
The world of crypto money likes firsts. ICOs, STOs, PoW, P2P, and finally the latest IEOs of 2019.
In fact, IEO is an ICO but it can only be regulated through an exchange. The stock market provides supervision and support. In addition, tokens can usually only be purchased using the main token of the stock exchange.
This new token sales model attracted great attention in the first quarter of 2019 after the gloomy 2018. A large number of stock markets have created their own IEO platforms and started listing a new IEO every week
Many people in the sector see IEOs as an advanced model that will bring new funds to the market. have significant advantages. First, when the stock market lists a token, they can be sure that the project has undergone a thorough review. Second, the tokens are immediately ready to trade. Investors can start trading immediately as in IPOs
IEOs also have many benefits to project teams. They save the time they spend on marketing while they get rid of technical expenses related to the Token direct printing.
This system is also beneficial for stock exchanges because they increase their chances of attracting new users and earn money from project owners. From this point of view, it is no surprise that the ICO model has been redesigned and has proven its popularity.
One of the important issues that have cuffed the headlines over the past year and a half has been the highly anticipated decision of the SEC regarding the application of the VanEck SolidX Bitcoin ETF. Every announcement about this application and the decision to postpone all of the articles resulted in the publication of a series of articles, a lot of tweets and price movements in Bitcoin.
The Bitcoin ETF invests in a vehicle that monitors the performance of Bitcoin. they will let them do it, but they don't really need to have anything. The reason for the excitement around the Bitcoin ETF is the theory that the corporate investor who has so far been timid will pull the field. Guppy Gurbacs, Chief of Digital Assets at VanEck, summarizes what the ETF thinks will bring in a tweet:
“I think the Bitcoin ETF will serve the public interest through:
* Increased liquidity
* Low counterparty risk
* Better valuation and execution practices
* Separation of tasks in the form of trading, custody and valuation
* Transparent transaction fees
* Board compliance framework]
However, not everyone in the crypto money ecosystem
Andreas Antonopolous, who is one of the oldest in Bitcoin, believes that even if a Bitcoin ETF is ultimately approved, it will damage the ecosystem.
According to Antonopoulos, a Bitcoin ETF can be the price and volumes of the Bitcoin system
There is only one point where the opposite views of the Bitcoin ETF are combined, which is that the approval of the ETF will have a major impact on prices and volumes. the deadline is 21 May.
Decentralized Finance – DeFi
Another trend to be taken into account in 2019 is DeFi. defi; a broad term covering a set of financial instruments built on a block chain, including fixed coins, forecast markets, debt protocols and exchanges.
According to data provider DeFi Pulse, 2.5 million ETH ($ 420 million) has already been locked in smart contracts on dApp networks.
One of the leading companies in the field. The company's centralized autonomous unit, DAO, supports the US dollar-based fixed coin Dai. Users who use an innovative system to maintain stability are locking ETH as collateral to open what is known as a Covered Borrowing Position. Currently, the MakerDAO is holding a $ 367 million ETH in its possession
The Bitcoin Lightning Network is considered to be part of the DeFi ecosystem, which has a value of more than $ 5 million in just 1 year.
The protocol is Dharma ($ 2.7 million) and the centerless prediction market platform Augur ($ 1 million), which provides a tokenized loan on Ethereum
. it is preparing to revolutionize the financial sector and make it the mainstream of crypto coins. This sector must be strictly monitored in the second quarter
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