Cryptocurrency Trends That Every Enthusiast Should Be Aware Of
Are you aware of the cryptocurrency trends in the crypto industry?
Cryptocurrencies have grown to a point where they simply cannot be ignored. The CBOE and CME recently launched their own cryptocurrency futures, even the SEC and CTFC got themselves involved, with pretty much every mainstream media discussing cryptocurrencies one way or another every day.
So let’s talk about a couple of trends any cryptocurrency enthusiast should be aware of as cryptocurrencies are here to stay. The market survived a lot of things: from involvement from the US Securities and Exchange Commission (SEC), the ban on cryptocurrency ads by Tech Giants such as Google, Facebook, major exchange hacks, and ultimate unpredictable government intervention, attempts at regulation and even sanctions.
Bitcoin is undoubtedly what started it all, the blockchain technology was created for it. Cryptocurrency enthusiasts noticed a trend in Bitcoin’s slowing dominance, but despite its sharp decline, it will certainly only go up from here more in the nearest future.
Cryptocurrencies are becoming more and more mainstream. Goldman Sachs has been reported to start its own Bitcoin futures trading and help its clients trade Bitcoin. Decentralized exchanges are starting to increase, and while many experts speculate that it isn’t ready for mass adoption, It’s expected to be happening very soon.
Centralized exchanges defeat the purpose of cryptocurrencies. The selling point of cryptocurrencies always has and will be decentralization, and it would be very ironic if the success and failure of most of these decentralized cryptocurrencies will depend on centralized exchanges.
Realistically Centralized exchanges is not going to be enough to get many people to turn their backs from decentralized exchanges, the fact that cryptocurrencies have now become mainstream seeing that the impact exchanges are having on the landscape — not to mention the Mt. Gox hack, the Bitfinex hack, the Coincheck hack, and raid — all of these will certainly drive the need for decentralized exchanges.
Major players will also drive the adoption of decentralized exchanges. Huobi announced its plan to invest $100 million to building its own decentralized exchange, Binance also announced that they are developing Binance Chain, its own decentralized exchange.
With more and more major cryptocurrency players having such huge stakes in decentralized exchanges, anyone can expect decentralized exchanges to be less clunky and buggy and absolutely more intuitive as time goes by, and as a result, interest, and adoption will continuously increase.”>