“Cryptocurrency” has become an integral part of our daily lives to the extent that there is not a day when we do not see it in TV commercials or Internet advertisements. Altcoins such as Bitcoin, Ethereum, Dogecoin, Cardano, and Bitcoin Cash are popular , but as of July 2022, it is known that there are more than 5,000 types of cryptocurrencies in the world .
Cryptocurrencies, which are also chosen for payments, are being actively adopted in internet shopping and online casinos, so it is expected to continue to be a popular form of currency in the future . easy-to-understand explanation of the trends and prospects of cryptocurrencies that you are interested in.
What is the future of cryptocurrencies? 3 predictions
Featured cryptocurrency. Here are three predictions about the future outlook for the industry as a whole.
Bitcoin dominates the stock market
In 2022, the cryptocurrency scale will exceed 7.5 trillion dollars, centered on Bitcoin.As many investors predict, Bitcoin will hit $50,000 in 10 years.In the past, it has overcome both bull market and bear market, but it is highly evaluated for its And given that the supply and demand gap continues to grow, it is very likely that Bitcoin will trade with a significant edge in the stock market .
Popularity of cryptocurrencies that can be purchased from 500 yen increases
Even though cryptocurrencies have permeated our lives, many people are still unfamiliar with them and do not fully understand the purpose of using them. In particular, there are times when people have the misconception that cryptocurrencies are too expensive to buy. Data analysis also shows that the demand and supply of cryptocurrencies are increasing, so the number of people who buy cryptocurrencies that are cheap and affordable will increase. In fact, there are an increasing number of exchanges where you can purchase excellent stocks with high future potential from around 500 yen.
To identify the most promising currencies, “high market capitalization”, “whitelisted”, “clear project purpose”, “funded by major companies”, etc. Please check it out.
Will work become metaverse-based with the spread of cryptocurrencies?
It is predicted that cryptocurrencies will continue to “increase in circulation” in the future. It is said that work will become metaverse as a result. In other words, it is an image of doing clerical work and customer care in a virtual space. Cryptocurrencies and the Metaverse also have in common that they are platforms that exist only on the Internet .
Also pay attention to the five categories that illuminate the future of cryptocurrencies!
In order to predict the future of cryptocurrencies, you will also need to know currency divisions. Cryptocurrencies are roughly divided into five categories: payment, infrastructure, services, entertainment, and finance .
The most famous payment methods are Bitcoin, Litecoin, and Stellar. These cryptocurrencies are traded on the blockchain and can be accessed from any country in the world. Many users choose it as the most free platform because they can perform payment transactions without binding . course, since it is not legally tender, there is no intervention by the government or institutions such as banks. In other words, it is characterized by the fact that anyone can use it freely without any legal restrictions. can be completed instantly with full automation. Online shopping, online casinos, hotels, restaurants and other areas of utilization are expanding.
In addition, there is a stable coin as a kind of payment. This refers to cryptocurrencies that exist at the same value and market price as existing legal currencies. For example, 1 Tether trades for 1 US dollar, taking the most popular Tether as an example.
Ethereum is the most representative infrastructure type, but Polkadot and Cardano are also famous. In modern times, it is used for Baas (Blockchain as a service), scaling, smart contracts, etc. Among them, scaling has high scalability, so it is characterized by being able to process a large number of transactions at once. Cryptocurrency also contributes greatly to the financial resources that support the country. It is attracting attention for its ability to develop technology, economy, and industry more smoothly and technically.
Cryptocurrencies are also widely used in services. For example, Ai technology, data management tools, authentication tools, etc. that fully adopt crypto assets are famous . very familiar in everyday life, but there are Chainlink, which manages Oracle data, and Miota, which enables IOT-compatible data management.
Entertainment is probably the type of cryptocurrency that will attract the most interest from the general public. There are advertising, publicity, marketing fields on blockchain, distribution services such as music and videos, NFT coins suitable for collectors , etc. Even cryptocurrency brokers use apps to easily trade NFTs.
In addition, it is actively used in virtual reality (VR) where you can enjoy games and images, and SNS such as Line, Facebook, and Instagram. Enjin Coin is famous for games. Theta is taking the initiative in video distribution services!
Cryptocurrencies are becoming an indispensable presence in finance. The most easy-to-understand examples are “asset management”, “Defi”, and “DEX”. It provides management tools used by crypto asset holders, lending services such as “lending”, and other exchanges and financial services.
The most popular ones in Japan are Binance Coin, which boasts a comprehensive financial network, Abe, which offers interest rate services, and Uniswap, which allows currency exchange.
In a nutshell, we can predict the future of cryptocurrency as “possibility to take the initiative in a specific field”. As I mentioned earlier, it’s easy to see that the five types of cryptocurrencies cover the entire industry segment. closely related to medicine, infrastructure, payment, entertainment, finance and daily life.
Overall, it is expected that the circulation of cryptocurrencies will increase significantly in the future, and the number of holders will also increase. However, since it is a highly volatile financial product, it is important to trade responsibly.