{"id":2190,"date":"2020-01-25T09:33:23","date_gmt":"2020-01-25T09:33:23","guid":{"rendered":"https:\/\/coindeveloperindia.com\/blog\/?p=2190"},"modified":"2020-01-25T09:33:26","modified_gmt":"2020-01-25T09:33:26","slug":"top-5-trends-in-cryptocurrency","status":"publish","type":"post","link":"https:\/\/www.coindeveloperindia.com\/blog\/top-5-trends-in-cryptocurrency\/","title":{"rendered":"Top 5 Trends In Cryptocurrency For 2020"},"content":{"rendered":"\n

As the new year begins,\nspeculations about the future of a particular industry get rife. Many\nexperts and analysts predict the profits and losses based on trends\nof the previous year. In the same way, cryptocurrency also has a few\nanticipations for this year and the crypto users are eager for them\nto materialize in the course of these 12 months. It has now been over\na decade of the inception of this technology and we have seen quite a\nfew changes in the working of crypto tokens. \n<\/p>\n\n\n\n

We saw the price of Bitcoin going all-time high and then plummeting down recently. The word volatile has become synonymous to crypto, still, the number of coins hasn\u2019t seen any dip in these years. With the advent of new concepts like security token and initial exchange offering<\/strong>, the reliability factor of crypto has got stronger. These new concepts have raised the chances of crypto becoming a mainstream currency, it could surely take a little longer but these measures definitely give a concrete position to this instrument. <\/p>\n\n\n\n

In this article, we are\ngoing to discuss the important events going to take place in this\ndomain this year. \n<\/p>\n\n\n\n

Halving the Bitcoin<\/strong><\/p>\n\n\n\n

This particular event is going to be very significant for every single miner across the globe. With the halving process, the number of the asset will be reduced to half in the digital ledger, which means, the current number of 12.5 will be reduced to 6.25 BTC<\/strong>. Though it sounds like an unprecedented event, halving has actually happened before twice. In both the occurrences, we saw dramatic changes in the price of Bitcoin, it happened in 2012 for the first time when it came down to $10 and in 2016 when it jumped to $400<\/strong>.<\/p>\n\n\n\n

Launch of Libra<\/strong><\/p>\n\n\n\n

Facebook is all set to\nlaunch its asset-backed stablecoin named \u2018Libra\u2019 this year. By\nthe end of summer this year, the coins will be made available for the\npeople to purchase, over the regulated exchanges. Apart from being\ninitiated by one of the biggest tech giants of the world, this coin\nhas also got the backing from established players of their industry\nsuch as Vodafone, Coinbase, Uber and one of the members of the\nKushner family. It is also expected that the payment service\nproviders like Paypal and Mastercard would include this coin into\ntheir platforms.<\/p>\n\n\n\n

Government Steps In<\/strong><\/p>\n\n\n\n

So far, we have only seen the crackdowns and criticisms on cryptocurrency by different governments, but since the big organizations are bidding to make this technology mainstream, downplaying the significance of crypto is not possible for regulators anymore. Therefore, the U.S. central bank has finally decided to take some potential steps to analyze the usability of digital tokens on a massive scale. The Internal Revenue Service has also firmed up its stance over crypto and said that it would bring a proper procedure for assessing tax on the transactions of digital assets. It is not certain that the outcome of these steps will bring positive results for the token holders but the seriousness of government is worth admiring.<\/p>\n\n\n\n

Related: Which Cryptocurrency is Going to be in Vogue in 2020?<\/a><\/em><\/strong><\/p><\/blockquote>\n\n\n\n

Consolidation of Market<\/strong><\/p>\n\n\n\n

As the number of crypto\ncoins continues to grow in number irrespective of volatility and\ndowntrend in the price of Bitcoin, the entire crypto fraternity has\nagreed on consolidating the existing assets. Many see this move as an\nattempt to control the sprawling number of crypto coins while are\nsaying it would optimize the working of exchange and bring more\nstability. Whatever the outcome might be, we can certainly expect\nsomething remarkable to happen with this process.<\/p>\n\n\n\n

Crypto as Fintech<\/strong><\/p>\n\n\n\n

A lot of experts have\nalways seen crypto as a fintech solution, but it would finally get\nofficial with the launch of libra this year. A large number of\ntechnical analysts have pinned their hopes on this coin and see it as\na watershed in the crypto sphere. However, there is an equal number\nof skeptics who have raised questions over the platform\u2019s security\nand efficiency, but it still gives new hope to all those crypto\nenthusiasts who have been looking for a potential solution that could\nmake digital assets more mainstream. \n<\/p>\n\n\n\n

With these developments, we certainly hope that this technology would make more inroads into different industries and make things better for everyone. If you want to utilize this technology and make the most of it, then associate with a cryptocurrency development company<\/a><\/strong> that makes the implementation of crypto seamless and cost-effective. With the skilled and experienced team of Coin Developer India<\/strong>, you can certainly make it possible. <\/p>\n","protected":false},"excerpt":{"rendered":"

As the new year begins, speculations about the future of a particular industry get rife. Many experts and analysts predict the profits and losses based on trends of the previous year. In the same way, cryptocurrency also has a few anticipations for this year and the crypto users are eager for them to materialize in…<\/p>\n","protected":false},"author":1,"featured_media":2191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-development"],"yoast_head":"\nTop 5 Trends In Cryptocurrency For 2020 | Coin Developer India<\/title>\n<meta name=\"description\" content=\"Cryptocurrecy will definitely become a more fintech solution this year. 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