2019 is the year of #BUIDL — 2019 Crypto Market Annual Report

5 min readFeb 10, 2020

2019 is the year of #BUIDL, we’ve seen significant growth in the development of the infrastructure and applications and institutions started to gain interests in this parallel financial market.

In 2020 the industry will see significant value to be reflected and realised in the market, increasing adoptions of the technology, institutional awareness will be significantly increased. The positive and progressive regulatory environment is an enabler to let the industry maturing one step at a time. We are creating the next generation of financial market leveraging the blockchain technology and bringing the full power of the programmable money to the general public.

Key Points:

(1) The cryptocurrency market will see a stronger move in 2020, coupled with multiple halving events in the space, solidifying the market foundation for a bull market

(2) The 3rd halving should have a limited impact on the price of Bitcoin in the short term but will have a positive impact in the long run

(3) Bitcoin dominance will see a reasonable decline followed by an Alts bull run to distribute the market in a more healthy way

(3) Ethereum will see strong growth in network value backed by DeFi movement, stablecoins and the growth of the Web 3.0 applications

(4) DeFi will continue its pace in 2020 but will start to focus more on the integration of value added components, such as Oracle, DAOs, etc

(5) Non-fungible tokens will see a sharp increase in market interest combining with the current DeFi solutions to bring a unique value to the cryptocurrency ecosystem

(6) Lightning network will continue its growth, other secondary layer technologies will also have their own market positions

(7) Bitcoin, Litecoin and Ethereum will see the initial integrations of privacy layers, namely Taproot/Schnorr, Mimble-Wimble Protocol and AZTEC Protocol respectively to enable privacy on 3 of the top 10 projects by market cap

(8) An increasing number of traditional financial institutions will step into the stablecoins market to explore business opportunities

(9) ICO & IEO market will remain relatively dormant, but high-quality projects will spark market interests

(10) More central bank digital currency projects will be initiated to explore the potential of blockchain technology

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