The crypto space is constantly evolving. So it can be difficult to keep up with all the developments that are happening. There is almost a constant flow of mergers, partnerships, new coins, new exchanges, regulatory pushback and development, price fluctuations, and everything in between.
So what does that mean for the future of all cryptocurrency? Will the evolution continue on as we have seen so far at its current pace? Or will crypto inevitably arrive at a place where things can’t evolve anymore? Is there an ideal destination for crypto as a whole?
What Does the Future Hold?
These are big questions. No one initially saw cryptocurrency coming. Nor did they have any idea of the impact it would have on the world’s existing financial infrastructure. Now that the world has a rough idea of what they are dealing with when it comes to crypto, what does a realistic future look like?
The most popular time for cryptocurrency was arguably back in May of 2017. This period of time was the golden era for everything crypto. The price of Bitcoin started to skyrocket, fanning the flames of a budding global industry. Cryptocurrency went from being on the fringes of society to front page news in a very short period of time. People everywhere were suddenly asking one another what a Bitcoin was. They soon wanted to know what a blockchain is and so on. During that time, ICO’s were plentiful and countless people were raking in profits as cryptocurrencies burst with value.
Now the landscape of crypto has changed. Will there be a push for more
The Reality of Stablecoins
It all comes down to the actual value. On the surface, stablecoins suggest that their values are exactly 1:1 with that of their pegged currency, but we see that this is in fact not the case. The value of a stablecoin seems more so based on the investor’s perception of risk over whichever company created the stable coin in the first place. Trust once again enters into the equation between buyer and seller.
Stablecoins then are the band-aid solution to the problems of days old, when crypto was experiencing record hills and valleys. For now, it seems as though