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Is Crypto World Dying? Top Crypto Trends for the Next 5 Years

todayDecember 28, 2021 1

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The world of cryptocurrency is growing exponentially, and no one can predict where the high graph can go. Till now, the total crypto market capitalization is more than $2.2 trillion, as per CoinMarketCap.

In addition, there are approximately more than 300 million crypto users worldwide. So, if you want to grab your hands on crypto, you must look at these crucial trends that are likely to continue until 2025 or more.

Institutional Adoption of the Crypto Ecosystem

Financial markets and large industries have traditionally viewed the crypto ecosystem with skepticism. But now, many corporations are actively working in this field and allocating their capital.

It has been seen that by the last quarter of 2020, almost $15 billion of institutional assets were allocated. 

DeFi System

Nothing more than DeFi (Decentralized Finance) applications & platforms has drawn attention from the crypto community from the last couple of years. Moreover, DeFi Pulse reports that the TVL (Total Value Locked) in smart DeFi contracts went from $2 billion in 2020 to $236 billion until Nov 2021.

Yield Farming

It’s one of the well-known DeFi techniques used by crypto users. It involves lending crypto assets to or from other platforms in return for some interest.

Million Dollar NFTs

Another most interesting concept in today’s crypto world is NFTs – non-fungible tokens used as digital assets. Simply, these tokens represent digital art/claims of any unique asset, which is given a certain value.

In October 2021, the monthly trading volume of NFT was more than $15 billion. And this is just the beginning; the number will be likely to grow more to even trillions, as the market is exponentially growing.

Author: Gandal Media

Date: 12-27-2021

Read more here:

https://time.com/nextadvisor/investing/cryptocurrency/future-of-cryptocurrency/

Written by: Gandal Radio Editors

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