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To follow or not to follow: Part 1 – trends to follow in crypto

trends

Everyone invests in cryptocurrencies for different reasons, and each story has its own charm. Everyone also follows different trends in cryptocurrencies. This diversity is beautiful in the crypto world. We bring you an overview of what trends are interesting.

Let’s take a look at what trends are worth following closely.

New types of cryptocurrencies

Do you remember 2017 and its ICO madness? The ICO managed to drive a lot of people crazy and it was often a scam, but we also got a lot of very impressive projects, such as Ethereum. This year has provided us with a lot of information and thanks to it we can divide cryptocurrencies into subcategories: money (currencies like BTC), smart contract platform tokens (ETH), crypto dollars (stablecoins), DeFi’s tokens, pegged & synthetic assets and NFT.

Digital Gold

This year was also very challenging for Bitcoin. We are going through a pandemic and approaching an economic crisis. However, Bitcoin has shown that it can recover very quickly, even in very unexpected situations, and make such situations an advantage. The central monetary system allows you to print an infinite amount of money, which may not pay off in the future. Bitcoin has only a limited supply of 21 million coins. So it’s worth watching the trends and news in Bitcoin.

Cryptocurrency and blockchain for everything

The possibilities offered by Ethereum are enormous. With smart contracts, you can get everything you can think of and the best part? You don’t have to deal with a middle-man. You can easily find a product that suits you and then just make a deal with the contract. Something that seemed like a utopian vision of the future a few years ago is now becoming a reality. Something that started as an ICO now offers us huge opportunities. Our cryptocurrency PlatonCoin is also based on Ethereum.

Conclusion

For today, we have shown some key trends to follow not only next year, but also in the future. We will bring you more trends in the next part.

Source: messari.io

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