The year has been tougher than expected for blockchain currencies. From $20,000 in late 2017, Block Chain currencies plunged to below $6,000 in the summer of 2018. Bitcoin itself is down 3% over 24 hours and has lost 50% of its value since the start of 2018 and a whopping 60% of its value since its December peak. At the time, as the world began to take its first steps out of recession and looked forward to a period of growth that was expected to be more robust with higher inflation, the value of bitcoin rapidly increased. Then growth slowed before falling dramatically. Due to this admittedly worrying drop, experts have warned that Block Chain currencies have now entered panic mode. Bitcoin itself fell from its lowest value of the year just a month ago, while Ethereum also suffered, falling 25% in the same time. This is a far cry from the “Bitcoin will be worth more than gold” prediction made by experts in their field. By design, its value will always be cyclical after all. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay So why the decline? Well, the main reason Block Chain currencies are in decline is because investors are using a frowned upon fundraising method by liquidating their Block Chain holdings earned through coin offerings. Additionally, because blockchain currencies remain largely unregulated, central banks do not have the ability to step in and address a decline in assets as they would with national currencies. You can feel the negative change in the air on the online Block Chain currency forums. Only a year ago, investors were full of positivity, shooting down any detractors who dared to question crypto's potential, but today attitudes have massively tempered. While the market price of Bitcoin, Ethereum, and other cryptos may well be in crisis mode, regulators, businesses, and the technology infrastructure around them are all thriving. This means that even though Block Chain technology has declined sharply, its market share has actually increased. It is also worth noting that blockchains have, in the past, suffered from a trust problem. Many failed blockchain startups have made investors reluctant to commit or re-commit to technology that has already been burned. Over the next year, well-placed blockchain currencies are expected to see a rebound, as unlikely as that may seem at the moment. . In fact, if you listen to the Bitcoin faithful, the digital currency could well surpass its record highs from late 2017. The nature of crypto still means that this new and exciting currency will fluctuate in value, but investors shouldn't worry for now. . In fact, more and more trusted sites, such as online poker providers, are predicting that the currency will prosper in the long term. Some experts in the field even predict that, despite its current difficulties, Block Chain currencies will prevail and replace 25% of currencies. national currencies by 2030. Already, bank card providers, Visa and MasterCard, have made the use of Bitcoin more systematic for daily transactions, particularly outside the United States where, in places, payment infrastructures are not yet very well established. Facebook also announced that it would form a blockchain group and even create its,.