Recently, the global digital currency market environment is not optimistic: the domestic market regulation is becoming stricter, most industry practitioners change their minds and seek another development; foreign governments have a wait-and-see attitude, which is neither fully accepted nor prohibited, making the already confusing digital currency The market has added a lot of uncertainty.
But looking back at the many clues from the end of 2017 to the beginning of 2018, it may be able to point the way for many practitioners and firmly believe.
In December 2017, Long Island Iced Tea Co., which was listed on the NASDAQ exchange, announced that it has changed its name to the long blockchain company. It has purchased thousands of mining machines and joined the blockchain business at the same time as the press conference announced. After changing its name and carrying out the blockchain business, the company's share price jumped 500%.
In January 2018, Kodak announced its entry into the digital currency market; LongFin announced the acquisition of blockchain-related products, and both stocks rose. Among them, LongFin's share price was once 2600%.
There are indications that the entire market is still more identifiable for cryptocurrency and blockchain technology, and is optimistic about future market development.
The development and application of cryptocurrency and blockchain technology have made Wall Street financial institutions and their non-bank competitors at risk, because technologies such as cryptocurrencies do not require intermediate links and can subvert payment processing and other services. â€
Jamie Dimon, CEO of JPMorgan Chase, said Bitcoin is a “scam,†but JPMorgan Chase is now taking cryptocurrency very seriously. For the first time, the bank acknowledged that blockchain-based cryptocurrency technology poses a real threat to its future development.
JPMorgan Chase also said that the new technology requires the company to invest and adjust its products to adapt to new trends, thereby attracting and retaining customers and competing with technology startup products. This trend will continue. "Continuous or intensified competition may put downward pressure on the prices of JPMorgan's products and services, or may cause JPMorgan Chase to lose market share."
JPMorgan’s rival Bank of America also acknowledged this in its annual report. In the document, Bank of America pointed out that in areas where the bank considers it to be high-risk or speculative, such as cryptocurrency, customers may abandon the bank's products and services and turn to their competitors.
From the perspective of the overall market development trend, ZZM (Supreme Treasures) team predicts that there will be more cryptocurrency and blockchain companies entering the market in 2018. At the same time, a large number of "cottage" tokens will also be cleared. This is very beneficial to the long-term health of the digital currency market.
At present, the blockchain is in a stage similar to the maritime era. Many people who come in are still confused about what the blockchain is, and they don’t know what they are doing. In fact, they have not contributed, but a new one. The evolution of civilization has begun.
The head of the ZZM (Supreme Treasures) team said that in 2018, the application of blockchain technology may be a slogan, and the cryptocurrency will catch up. We will also be closely involved in the next work, and in 2018, ZZM (Supreme Treasure) will be fully prepared for at least two successful coins in the world's five major trading platforms.
For the first time in history, the blockchain used technology to program the relationship between people to improve credit and release credit. In the future, as long as there is credit, credit is money. The encrypted digital economy it builds is a new financial system. According to the design, people who create value can gain more value. In the final analysis, the blockchain is a value Internet. The contribution we have to make is to create credit and register, deliver, and trade value on the blockchain.
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