Cryptoforecast update — part 1: a long journey
3 min readDec 29, 2018
Another year is ending. 2018 starts at sunset. For the cryptocurrency market, it was a very difficult year: the crypto market, after having reached the historical peak in the first days of January, has lost more than 80% of the capitalization, many projects were split (Bitcoin Cash) or were forced to downsize their structure (Steem).
This wasn't the end of the long journey begun in 2008 by Satoshi Nakamoto, but simply a new page of a story that continues to evolve. New actors have appeared on the scene; traditional operators have begun to take an interest in the phenomenon, proposing new solutions that were previously unthinkable (for example, the new Bakkt exchange); while many miners have closed their doors, many innovative startups have embraced the innovation of the blockchain, revolutionizing their business and setting off on the path of the future.In all these difficult changes, the cryptoforecast team managed to survive, thanks to great the flexibility and determination of all its members, keeping the development active and laying the foundations for a whole series of innovations that will open new horizons for the project.This effort, however, was much more difficult than expecte. Many will remember how the release of our new platform was scheduled for the spring of 2018; as you can see, to date the new platform has not yet been released, although in the meantime new details have been revealed on the tools we are developing: Pillar, Crypto Learning, Coin Map, Crypto Index, Market Cap, and many other things that have yet to be made public. In fact, the past few months have been long months in which, among all our other efforts:1. We had a lot of problems processing the data obtained from our providers (there were some very difficult discontinuities to manage and we lost a lot of time in reworking them)
2. The development of the core features of the site required the optimization of some modules, rewritten from scratch, creating a huge amount of time that was not expected at the beginning of the year
3. Simultaneously with the site development and data management, we have started working on a series of tools that are not foreseen in the original whitepaper, an addendum for our users. This has slowed down the release of the new platform, but will allow us in the next months, once the alpha version has been published, to create new extremely interesting synergies for our customers.
Despite these difficulties, and despite of the 2018 downtrend in cryptocurrency market that has damaged both our customers and the space in which Cryptoforecast was born and grown, we are still operational and we are working hard. We have decided to start with this article a new article series in which we will periodically update (at least once a month) our community about the progress of our work. The sprout of cryptoforecast is taking root and growing, day after day: and even if the roots are not seen from the outside, after many efforts the seed that we have planted is ready to grow and bear fruit. Continue to follow us: the road to reorganize the crypto market and create a platform that helps the people is tracked, and day after day we are going through this way, to contribute to the future of our community and of the entire cryptocurrency ecosystem.
