Huobi’s Sentiment Survey: 71% Investors Believe Total Crypto Market Value will Increase by 30% in 2018
The digital asset market undergone its bull market for the third time since bitcoin network came into existence in January 2009. This time, bitcoin is not the only cryptocurrency to outshine others. A series of digital assets based on ‘smart contract’ also performed well.
Huobi Research Institute launched the Global Blockchain Industry Overview and Trend Report for the first half of 2018. According to the report, the “big bear market” for cryptocurrency started from the beginning of 2018. Until mid-April, the crypto market has gradually bounced back as multiple DPoS consensus mechanisms projects launched their super node campaigns.
Huobi Research Institute has also conducted an Investor Sentiment Survey. They sent the questionnaires to cryptocurrency investors in 23 different countries including the United States, China, Singapore, Japan and South Korea. 1974 valid questionnaires were collected and the result shows that most investors are still optimistic about the future crypto market: 71% participants believe that the total market value will rise more than 30% in the second half of 2018.
In 2017, digital asset crowdfunding experienced an explosive growth. The total financing was 23 times of the same period in 2016. The report indicated that funds will be further gathered by outstanding projects.
In the first half of 2018, the first successful DAICO crowdfunding model occurred. This new type of crowdfunding model would be adopted more widely than the traditional ones. In the mean time, crowdfunding in America is turning to regulatory compliance, and the Reg A+ and Reg D offering will also become popular in the near future.
The report also listed 6 major logics which can be applied in the future digital asset market:
Penetration Logic: Crypto finance permeates traditional finance.
Application Logic: The market will be led by the “scenario + blockchain”upgrade logic.
M&A Logic: More internet applications will be merged in digital assets. The high-quality applications will be able to withdrawal their digital assets after being put on blockchain.
User logic: The number of crypto users will continues to increase, more financial insitutions from secondary market will enter the market.
Inter-generational Logic: The average age of crypto users will shifts from youth to the middle age.
Gender Logic: the proportion of women in crypto market is expected to increase further.
Mainly translating latest bookchain, cryptocurrency and mining news in China, as well as related Chinese regulatory policies for this industry.
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