What Is The Future Of Cryptocurrency?
The last year become one of the best years in the history of cryptocurrencies. Bitcoin reached new highs, Ethereum 2.0 (phase zero) was launched, institutional investors entered the crypto market and PayPal announced support of crypto. All this says that the year 2021 will be unique for the crypto community. So, let’s learn more about the future of cryptocurrency.
What kind of crypto trends to expect this year? On which cryptocurrencies you should keep your eyes on? How to make money with cryptocurrency? Which cryptocurrency is best? Is cryptocurrency dead? Continue to read and find out!
We have witnessed a significant increase in crypto adoption. During this year the crypto market will also remain attractive to all investors including institutional ones. But not only Bitcoin will fall under the spotlight.
Will Altcoins Rise?
Polkadot is an open-source protocol that allows data transfer between different blockchains. The main goal of the project is to create a fully decentralized and private network for developing applications and services.
The number of Polkadot projects that have already risen to prominence is remarkable. Moreover, after DOT listing on the leading crypto exchanges, Polkadot quickly entered the top 10 cryptocurrencies by market capitalization. In 2021 we can expect Polkadot’s truly meteoric rise that will generate outsized returns to its supporters.
Is Cardano A Good Investment?
Cardano is a very ambitious project. Its founder Charles Hoskinson says that Cardano’s main goal is to provide the tools for creators and innovators that could help to change the world for the better. This crypto project has been around for several years and in recent months it has significantly increased its influence and attracted investors’ attention.
Cardano’s smart contract era is well on the way. The team is working hard on launching the Goguen era that will bring the implementation of smart contracts and the ability to create decentralized applications. The first step was already made by launching Mary Goguen testnet. We can see that this project is going through key changes, which will certainly bring lots of opportunities. So far analytics and crypto enthusiast predicts that Cardano price should go up in 2021. Nowadays Cardano is among the top 5 cryptocurrencies by market capitalization.
Will Ethereum Go Up?
Ethereum project is confidently storming new price records starting from December 2020. The development team has finally begun work on the transition to Ethereum 2.0 network and this attracts new investments to the project.
The Ethreum project has an ambitious goal of building a worldwide network for decentralized applications that are protected from fraud, technical delays, and censorship. The Ethereum blockchain potential is truly enormous. In fact, almost the entire segment of decentralized finance is built on Ethereum technology. We can expect that Ethereum price will continue to grow in 2021.
Cryptocurrency Trends In 2021.
Let’s find out what trends will dominate the crypto market in 2021.
DeFi Growth Will Continue
In 2021, we will definitely see an increase in the DeFi ecosystem. The industry has surpassed $270 billion in transaction volume last year and the numbers continue to grow. The next year DeFi will take a shape of a more serious market and maybe even become part of centralized finance.
Non-fungible Token Goes Mainstream
The future is in asset digitization. NFT tokens are already breakthrough the attention of large companies and celebrities. Has everyone already heard about Justin Bieber’s NFT avatar in the Genies project?
Giant companies like Samsung, Nike, Formula 1 are already using non-fungible tokens in their projects.
Nowadays NFT sphere is already has a multi-million audience and has the huge potential to increase the inflow of new people into the cryptocurrency industry during 2021.
Central Bank Digital Currencies (CBDCs) Will Explore New Possibilities
The third important trend of 2021 is the appearance of digital analogs of fiat currencies in a number of countries. The growth of non-cash payments in the world is a long-term trend and CBDC is the next step towards reducing the circulation of cash.
Stablecoins Will Take The Lead
Stablecoins are becoming a catalyst for mainstream crypto adoption. The total supply of stablecoins may exceed $50,000,000,000 by the end of 2021.
“As new users begin to enter into the marketplace and their knowledge increases, they may turn to stablecoins as a store of value. This could have interesting implications for those holding cash on their balance sheets.” – Paolo Ardoino, CTO at Tether
What Do We Know For Sure About The Future Of Cryptocurrency?
The prime of cryptocurrencies may come and gone, but the crypto market still has a lot of upsides to go. The year 2021 promises to be an excellent period for the entire crypto world. But no one knows for sure what the future will bring to us.
The one thing is certain – StealthEX team will continue adding new exciting features to the platform.
StealthEX Future Plans
- In the near future, it is planned to add an opportunity to exchange crypto coins for fiat currencies.
- We are happy to announce the upcoming release of the customer account.
- We also plan to add new languages to the platform. And now StealthEX is opening up an official Ambassador program.
Don’t forget that StealthEX is already the best platform to buy and exchange cryptocurrencies. Hurry up and check it out!
How To Buy Cryptocurrency On StealthEX?
- Choose the pair and the amount for your exchange. For example, ETC to BTC.
- Press the “Start exchange” button.
- Provide the recipient address to which the coins will be transferred.
- Move your cryptocurrency for the exchange.
- Receive your BTC coins!
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
February 17, 2021