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The Future of Cryptocurrency-  What’s Next For This Craze.

future of cryptocurrency

The future of cryptocurrency is anyone’s guess, but Cryptocurrency has become a global remarkable development in recent years, although much is still to be learned about this evolving technology. There are lots of concerns and worries swirling around technology and its capacity to interrupt traditional financial systems.

The last 16 months have transformed cryptocurrency as its growth has been faster than ever, but its future has never been so unclear. Everyday consumers, not certain exactly what the blockchain is, followed the trail of Reddit threads and this is where talk of stocks and diamond hands pushed thousands of people to collectively increase the price of some assets and this led to a whole new type of meme stocks, breathing life back into nonpayment companies like Gamestop, also shaking the market to its core.

It is worthwhile to say that Analysts estimate that the global cryptocurrency market will triple by 2030 hitting a valuation of nearly $6 billion and this inadvertently all leads to one big trend. The cryptocurrency which was once only understood among a relatively outer boundary community of anti-establishment investors is nowadays becoming a household name very quickly. Investors, brands, and businesses can’t ignore the rising tide of crypto for long whether they want to buy it or not.

Which Cryptocurrency Is Set To Explode?

For those who are ready to start purchasing cryptocurrency, the question is: Which crypto brings the best return? Yes, bitcoin might be the glaring choice, it is not essentially the best one. Your chances of having a huge payoff might be better with a smaller coin that has not been pumped up by institutional investors the way Bitcoin has. Amidst saying this,

Below are four cryptos that still have a high selling point:

  1. Binane Coin (BNB)

In terms of trading volumes, Binance of course is one of the most successful crypto exchanges and the third largest in terms of market cap. Binance Coin Just like Bitcoin has a strong limit on the number of tokens in circulation. This helped the exponential increase of its binance coin in 2021.

  1. Ethereum  (ETH)

 Commonly known as Ether, Ethereum is the world’s second-largest cryptocurrency behind Bitcoin. Earlier on, it instituted a major upgrade that included reducing the supply of Ether, currently at 118.83 billion coins. This upgrade allows the Ethereum network to handle more transactions per second as well as improve the platform’s scalability and reduce transaction fees.

  1. Tether (USDT)

Tether, a type of stablecoin, is designed to provide a less volatile alternative to Bitcoin because it is connected to another asset. The asset in Tether’s case is the U.S. dollar. Tether has a 1-to-1 ratio with the dollar in terms of valuation and this means that it is less speculative than cryptos such as Ethereum. One big advantage of Tether is that it allows you to make transactions in traditional currencies rather than having to dive into difficult digital currencies.

  1. Decentraland (MANA)

Decentraland is a virtual reality game on the Ethereum blockchain which uses the MANA token as the in-game currency. Users of decentral and can buy goods and services, purchase land, visit other players and also create and monetize their content. Decentraland’s current price of $3.29 represents a 4,600% inflation from its 52-week low of about 7 cents.

Where Can You Buy And Sell Cryptocurrency

To enjoy the sweet side of trading cryptocurrency, trading on a platform that is fast and reliable is essential. Hence, one of the platforms that have remained the fastest when it comes to buying and selling cryptocurrency is Snappyexchange

To start your cryptocurrency journey, head over to snappyexchange now to start buying and selling

Is Cryptocurrency the future of money?

In the 2030 imagined report, Deutsche Bank suggests that cryptocurrency could replace cash eventually one day and this is because the demand for anonymity and a more decentralized means of payment is growing rapidly.

Furthermore, the number of cryptocurrency investors around the world has been increasing steadily for a while, but recent growth has been explosive. 

However, the majority of crypto investors would be comfortable using it to pay for online shopping compared to 2019, older consumers have begun to back crypto at a faster rate. Recently, the upsides of cryptocurrency have begun to attract institutions, thus making traditional finance haste to cater to the increased demand of consumers. 

The institutional money that has been dropping into cryptocurrency over the past few years has started to change the power structure of the market. 13 years ago, cryptocurrency trained users out of a desire to shake up the exclusive institutionalized world of finance and to produce a widely accessible way to move money and pay for goods and services, regardless of the circumstances of individuals.

Apart from corporations venturing into the market, crypto trading and mining have also caught the eyes of government overseers like never before.

Furthermore, many investors believe greater regulation could make the fledgling marketplace legitimate thereby enabling more businesses to accept digital currencies and also help to increase their value and security from fraud while reducing volatility. 

Even though the future of cryptocurrency does not reflect well on consumer views of their government, it does well for brands. Building credibility and trust in the crypto space is in the eyes of consumers and easier if you’re not government personnel. Perhaps this reflects the anti-establishment ethos of crypto’s early culture.

Read Also: How to monetize Facebook page

What does the future of cryptocurrency hold?

As much as the future of cryptocurrency will be shaped by regulators, it can also be influenced by brands, many of which are jumping into the market to fill the needs of the growing marketplace that governments have ignored so far. 

This can be achieved through facilitating trades in a very comfortable, safe environment for “starters” or offering education coupled with resources for curious intenders.

Part of the future of cryptocurrency also means leaning into the changing profile of investors, and expecting what more the audience might demand.

Conclusion

Whatever is the future of cryptocurrency, a lot of work has to be done to balance the rewards with the risks. There’s also a lot of opportunity for the brands and individuals who take on the task.

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