This crypto winter period has been engrossed with a lot, from several predictions to public lash outs at Bitcoin and a steady decline of top cryptocurrencies.
In the midst of all these, a former Wall Street trader and Vice President at Morgan Chase, Tone Vays is expressing strong optimism, saying he expects a bull run for Bitcoin next year, but says altcoins will not share the same fate.
Vays in an interview said this year would mark the end for altcoins;
“I think the biggest event for 2018 has to be the declining price of not only Bitcoin but the entire space of the crypto assets. To me, this is significantly different than what happened back in 2014 or 15. I believe that this time around, the altcoin bubble will not return. I think that’s going to be the big difference. I think that the most critical event is the fact that this was the altcoin bubble. I don’t expect the altcoins to come back.”
The former Wall Street trader is off the opinion that “the implosion of Bitcoin Cash,” which created BitcoinSV, a fork of Bitcoin Cash, “showed how irrelevant those altcoins are.”
Vays believes that Bitcoin is not dead.
“The marking of 2019 will be the end of the Bitcoin bear market, and the start of another Bitcoin bull market. This time, with side chains, with scaling, with privacy, and I can’t wait.”
The die-hard bitcoin supporter further explained that the next bull run is most likely to come in the second half of next year.
Increased Smart Accounts And Exchange Listings
Bitcoin Cash and XRP, on the other hand, is experiencing a margin trading from Kraken, the San Francisco-based crypto exchange. Issuing a word of warning to its crypto users, the crypto firm said;
“Please note that BCH and XRP are not collateral currencies. This means you cannot open margin positions against the value of your BCH or XRP balances. For this reason, you should always maintain adequate balances of other collateral currencies to maintain your margin positions. Be extremely careful when trading collateral currencies for BCH or XRP when you have margin positions open, since this will reduce your account equity and could possibly lead to the liquidation of your margin positions.”
For Ethereum Its a major thumbs up from Raul Jordan a Blockchain engineer and Ethereum 2.0 developer for 2019. His team at Prysmatic Labs are working tirelessly to create the decentralized web of the future.
He hopes to tackle “the major problem of scalability this technology faces” and to implement the first version of sharding for the Ethereum protocol.
The Ethereum 2.0 developer tweeted that the technical specifications for all ETH 2.0 block operations are on track, including attestation handling and deposit handling.
EOS is in business in Singapore, as Huobi says its plan to establish a crypto exchange in the country is solely dedicated to the token.
To be launched in the first quarter of 2019, crypto users will trade EOS at ease against several cryptocurrencies.
BitcoinSV is not in a good place for now as eTORO; a crypto trading platform declared that it would not support the token. The cryptocurrency firm is tilting its support towards Bitcoin Cash saying that it will give it’s holders $92 for every BCH they hold during the recent fork.
Tron is on a steady success streak, Justin Sun its founder declared that 100 million smart contracts had been executed on the Tron blockchain. Of late, the cryptoplatform recently achieved one million accounts, a number that is steadily increasing with an average of 25,000 per day.