Hosp has explained before why a potential cryptocurrency bubble could burst in 2018, but there are several factors that make him see upside potential in the space.
For bitcoin, the most important cryptocurrency by his estimation, he sees a 150 percent potential upside for 2018.
Taking into account several factors, the cryptocurrency market's upside potential could rise to up to seven or eight times present levels, he says.
1. The work on scaling issues
2. Large scale and more legitimate ICOs
3. Regulation
4. A lot of execution and usability
5. Institutional investors
For more info or details heres the link.
https://www.c[Suspicious link removed]m/2018/02/23/bitcoin-ethereum-other-cryptocurrency-five-positive-factors-for-2018.html
I think this is reasonable.
1) Increasing popularity in developing countries. Earlier the crypto exchanges in my country had only bitcoins listed for investors. Now they are adding more coins like Ripple, Ethereum and Litecoin. This shows that the popularity and acceptance of crypto is increasing in these countries.
2) Another important thing that will help bitcoin growth is the fall of PayPal. PayPal is facing a lot of troubles, like eBay has removed it as payment option. Also, PayPal is increasing its fees quite a lot which will irritate the users more.