The Most Exciting Crypto Trends for 2021, Ranked

Last year blossomed as a convivial one for the cryptocurrency industry. And now, blockchain technology is banked to grow at an astonishing compounded annual pace of 67.3% from $3 billion in 2020 to $39.7 in 2025. On top of that, banking and financial application are expected to hold the majority of the market share as opposed to the present private blockchain type.

With 2021 at the helm of all the rapid changes, here are my picks for trends that shall prevail this year.

1. The Big show: Regulation

How will it conclude? We’re yet to see.

2. The Steady Mounter: DeFi (Decentralized Finance)

DeFi’s equitable approach, automated, flexible contracts, and high-interest rates have attracted many investors. Pundits reckon this year may belong to cross-chain technologies. It is seen as a long term solution to scalability issues associated with DeFi.

DeFi Insurance products are also certain to carry forward their momentum in 2021 too. Overall, the future of DeFi looks pretty healthy.

3. The Showstoppers: Paypal and Facebook backed Diem

4.Late Bloomer: Ethereum

Earlier this year, Ethereum outpaced Bitcoin by making 750% returns. With Ethereum 2.0, the 2021 will give it is set to get the long awaited fame.

5. The Starkid: Stablecoin

Stablecoins have a grand reception in the gaming industry. This is because they provide a seamless one-stop solution for the global community of gamers. Companies like Zytara are looking to resolve a variety of gaming and esports payments using stablecoins. Over that,

Also, the Chinese government’s very own digital yuan is anticipated to be launched before the start of the Olympics which commences in February 2022. And as already discussed, Diem can also be into use anytime soon. So, stablecoins are going to be in the limelight this year.

6. The reliable reticent: UX

With crypto on the brink of mass adoption, expect a lot of changes in term design this year!

A blockchain enthusiast and entrepreneur’s musings on the next big revolution since the Internet.