Cryptocurrency

The Most Important And Emerging Cryptocurrency Trends To Follow In 2020

The cryptocurrency market has seen a lot of ups and down in the year of 2019. With 2020 knocking on the door and as we get ready to welcome the new year, experts believe that 2020 is going to be the turning point for the cryptocurrency market. With prices of Bitcoins hovering around the $7000 mark currently, the cryptocurrency investors around the world believe that in 2020, the markets are going to be more stable than ever. But why is it so? Well, it can be a positive outlook for the growing popularity of cryptocurrency and due to the impact that has been made by many MNCs accepting it as an official mode of payment, there are some crucial trends as well that makes the experts to have such optimism. What are these trends? Let’s quickly take a look at them.

Important Cryptocurrency Trends of 2020

Many people will tell you about the immediate edge scam but don’t believe until you use it. Here are the most important trends we are going to see in the cryptocurrency market in 2020.

Trend 1 – The HALVENING

The biggest and most crucial trend of 2020 is going to be the “the Halvening”. For those of you who do not know, Bitcoins are halved after every 4 years. This means that there wi be a 50% reduction in the number of bitcoins rewarded for successfully mining a block. So from the current reward of 12.5 BTC, miners will be entitled to get only 6.25 BTC once the halvening event takes place. The last halvening event took place in 2016 and now it’s time for 2020. Already about 18 million Bitcoins have been mined around the globe and miners can only mine upto 21 million. So with the halvening event, it will become even more difficult to bring more Bitcoins in the market. This will have two major impacts – one, the prices of Bitcoins will fluctuate depending on the market, but we can expect only to the higher side because the demand is increasing but the supply of Bitcoins is decreasing gradually. Two, other cryptocurrencies are going to get an edge as Bitcoins are becoming rare and people will shift their interest to other alternatives available.

Trend 2 – Corporate Behemoths Moving Towards Crypto

One of the biggest trends of 2020 for the cryptocurrency market is the interest shown by several tech giants and multinational finance companies. They are slowly taking a keen interest in stable coins, Bitcoins and various other cryptocurrencies. Already in 2019, Facebook and JPMorgan Chase have already announced that they have started treading in the cryptocurrency space. They are working to release their own cryptocurrencies known as the JPM Coin and Libra respectively. It still remains to be seen how other companies react to that. But it is for sure that in 2020, many multinational corporations are surely going to keep the prospect of entering the cryptocurrency market alive. Already companies like Microsoft, VMware, Walmart and Amazon have started accepting Bitcoins as an official payment mode.

Trend 3 – Stable Coins May Dominate

Stable coins are one of the most important and emerging cryptocurrencies in 2019 and it continues to be so as we shift to 2020. Stable Coins have gained huge popularity over the past few months and major companies have also invested in this cryptocurrency. These are the coins which are usually pegged to any other asset or fiat currency like the US dollar. Tether is leading the pack with over $4 billion market capitalization. In 2020, other stable coins in the segment are surely going to have a major impact on the market as well. These are going to be some of the most interesting trading pairs.

Final Words – These are the three most important trends that you need to look out for in the cryptocurrency market for the year of 2020. All the three trends are going to have a huge impact on the markets and only time will determine the fate of cryptocurrencies in the market.

Make sure to invest in the cryptocurrency market only after knowing about it’s different aspects and with full knowledge. Don’t invest blindly, because all your investments can be easily lost if you are not clever and knowledgeable enough.

Nicole Hennig
Nicole Hennig
Nicole Hennig is a freelance writer, content writer, blogger, and also a photographer. She graduated from the University of Caloocan in Johannesburg, South Africa in 2015.

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