The previous year did not have many events in the cryptocurrency market. The fact that some large players entered the space is not that significant. It is high time, though, to start speculating what 2020 is going to bring. No matter if you are going to use it for PayPal casino or not, you should know that there are some developments. Consequently, there are several trends which are highly likely to be influential in the crypto markets this year. Cryptocurrency news is not always helpful in this case, so it is better to find out what the experts think. But, first of all, though, you should understand what a cryptocurrency is.
_________________________________________________________________________
What is cryptocurrency?
_________________________________________________________________________
Cryptocurrency is also known as a digital asset which has been designed to operate as a medium of exchange. It applies cryptographical functions to perform
financial transactions. The most important thing about this digital asset is that it is not under the control of any central authority. This means that all the crypto data is kept secret. Consequently, the users can be sure that cryptocurrencies secure their funds from hackers and other threats. The whole process of transactions is transparent, so there are more and more people who utilize the digital asset.
_________________________________________________________________________
What are the trends?
_________________________________________________________________________
After talking to some crypto experts to find out what they suppose lies ahead for this year, we can say that the four trends are:
_________________________________________________________________________
Increased regulation. This is one of the major things which came up. They believe that there will be more regulated exchanges. The number of countries with clearer regulations is also going to increase. At the same time, a lot of unregulated exchanges will appear under different names as new exchanges, but they are not going to be as influential as before. On the one hand, there are many countries that have already started some forms of regulation. On the other hand, there are still some, such as the US, that have not yet decided what regulations should be implemented. The experts believe that this step is crucial for the crypto asset to be adopted worldwide.
_________________________________________________________________________
An increase in corporate coins and CBDCs. Some experts such as Anti Danilevski, the founder of KICKICO suppose that
central bank-backed digital currencies should grow. The thing is that central banks rubbished the crypto`s potential but they are engaged with internal research at the moment. The digital assets can eliminate friction and unlock capital in the financial systems. Moreover, the experts are also sure that the rise in CBDCs is an extremely important event as this tendency will cause the appearance of the first national digital currencies. This should happen in around 10 years.
_________________________________________________________________________
More decentralized apps and exchanges are expected. The reason for this event is the regulatory pressure which is going to make the majority of exchanges to monitor the users more strictly. The decentralized finance applications are also expected to become more sophisticated and grow in number.
_________________________________________________________________________
Commission-free trading will be developed. Adam Todd, the founder of Digitex Futures, is going to launch his zero-fee trading exchange. He believes that this will cause the appearance of more commission-free exchanges.
_________________________________________________________________________
These are the most significant trends we are highly likely to see in the cryptocurrency market. According to the experts opinion, there are very few true users who buy cryptocurrencies. Hence, the aim is to go beyond that. The thing is that it does not matter how innovative the developed tech is if there is no one to make use of it. Even if a platform is strong enough to perform a billion transactions per second, it is insignificant if users find it difficult to perform simple actions such as receiving or sending money. Consequently, they need to pay extra attention to scaling as it is necessary for any digital asset to become global crypto. Thus, this is what they are going to work on.
_________________________________________________________________________
Where can I buy cryptocurrencies in 2020?
_________________________________________________________________________
If you still do not know how to buy cryptocurrency, you will be happy to know that it is easy to do it. Everyone can visit such crypto exchanges as Bittrex, BitForex, Binance or any other to purchase the asset. As mentioned above, the number of such exchanges is going to increase. That is why it is a good idea to check only reliable news from time to time.
_________________________________________________________________________
Every exchange obtains a mobile application in addition to the official website. This makes the process of trading even more convenient and easier. The users can keep their funds in digital wallets which can be accessed from anywhere. It does not matter if you are going to use your cryptocurrency in casinos or for any other purpose, you should remember that the rate fluctuates. There are some people who manage to earn money taking advantage of the cryptocurrency rate difference.
_________________________________________________________________________
Conclusion
_________________________________________________________________________
People have different opinions regarding cryptocurrency. Some people are already taking advantage of the digital asset while others are still hesitating. As you can see from the provided above major trends and expert's opinions, the cryptocurrency is highly likely to develop and become even more beneficial. If they manage to make trading commission-free, crypto can substitute the majority of other transaction methods. The assets are also famous for being safe and reliable. So, if you are still hesitating whether to buy it or not, just read what the experts say. The modern world requires modern solutions.
