Investors may show interest in national cryptocurrencies
New coins may appear in the top 10
Stablecoins may become one of the trends of the future
International consortium of news organizations developing transparency standards.
Bitcoin (BTC), despite a number of positive forecasts, continues to trade at a price significantly below the maximum that the cryptocurrency set at the end of 2017 near the level of $ 20 thousand. At the same time, the behavior of the coin rate can hardly be called stable. From time to time, the sideways movement of BTC is followed by ups and downs.
The top 10 most capitalized coins are also not consistent. The top ten changes periodically. For example, recently, unexpectedly for many members of the crypto community, a token burst into the top.As the use of cryptocurrencies grows, new types of tokens appear. They can represent value or something intangible like voices. Two … More Polkadot.
Against the background of frequent changes in the digital asset market, the editorial staff of BeInCrypto decided to find out what other changes could occur and what investors should expect..
One of the first to share his opinion on the issue with us financial analyst TradingView, Inc. Igor Kuchma. The expert believes that in the near future, members of the crypto community may witness the development of the market for digital currencies of central banks (CBDC Paper notes and coins may be a thing of the past due to a new financial instrument – digital currencies of central banks (CBDC). As … More).
“The People’s Bank of China recently said it sees the CBDC race as a new battle between sovereign states. The Italian Banking Association (ABI) also declares that its members are ready to try out the digital version of the euro, ”the analyst explained..
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Read also: How China is developing a digital version of the yuan
Igor Kuchma also drew attention to the development of the Ethereum 2.0 project. More recently, the expert noted, validators have placed about 2 million Goerli test tokens. According to his observations, there are slightly more than 62 thousand active validators. The cryptocurrency itself, meanwhile, continues to try to enter stable growth.
Ethereum chart. Data: TradingView
“Speaking about other potential crypto projects, before doing something [investing funds], it is necessary to answer a series of questions: does the project have a future, why does it need a blockchain and does it need its own coin. If the answers satisfy you, it is worth analyzing the team, the tokenomics and the problems the project may face (problems with regulators, hackers, and so on) “, – this investment advice was shared by an analyst at TradingView, Inc.
TradeSanta Manager Julia Gerstein, in turn, believes that further strengthening of stablecoins can be expected next year, amid news about their regulation. For example, USDC, in her opinion, has a chance to get into the top 10 coins..
“ETH, which has risen in price against the backdrop of the DeFi boom, may give way to another project, as interest in DeFi tokens has cooled, despite the launch of a new version of the network,” the expert concluded..
Read also: EU member states urged to tighten regulation of stablecoins
Recall that earlier the BeInCrypto editorial staff compiled a rating of five stablecoins, which can become a full-fledged alternative to the most popular “stablecoin” – Tether (USDT).
All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..
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