To follow or not to follow: Part 2 – trends to follow in crypto

We continue to bring you an overview of interesting trends worth following next year, this is part 2 of a 4 part article.

Part 1 can be found here.

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

DeFi and its world

DeFi, or decentralized financial system, is one of the fastest growing trends this year, and in 2021 it will definitely continue to evolve further. With DeFi, we have the ability to replace and decentralize the entire financial system so that it is fast, reliable and secure. New trends in DeFi are definitely worth following not only next year, but also in the following years.

Stablecoins are still growing

Surely everyone who follows news in cryptocurrency field, has noticed that stablecoins are experiencing an incredible boom. Tether, the leading stablecoin, continues to grow and dominate its segment and is second only to ETH alone in terms of economic value stored on the Ethereum blockchain. Stablecoins certainly have something to offer and show, so it will pay off to follow them as a trend in the years to come.

Cryptocredit

The beginning of lending in cryptocurrencies brought greater liquidity to the market and especially long-term stability. At the same time, there was support for new applications, their development into a stable form and greater requirements for transaction security. Such a loan in the cryptocurrency goes out of office, which can often pay off. It is therefore definitely good to support cryptoloans and follow this trend in the future.

Conclusion

For today, we have presented to you the next 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