What are the Top Trends that Will Probably Dominate in this Year (2021)?

It’s time to start planning for 2021, So here are ten stories that will conquer the cryptocurrency market over the next 12 months. But before we dive into the guide, if you are looking for a platform that can help you carry out secure trading, then you should register  an account on https://bwcevent.com/

Is this Going to Be the Year of the Stablecoins: Find Out

According to Blockchain Capital, the number of stablecoins in use increased by 500 per cent in 2020, solidifying their status as “one of the world’s most widely utilized payment networks” but Per the firm, the valuation of dollar-backed stablecoins would reach $150 billion in the future… According to the analyst, Libra (now known as Diem) is expected to follow the ranks of Tether and USDC.

The Expansion of Defi Will Proceed

Though governance tokens had a shaky year in 2020, the overall value locked in DeFi protocols stayed stable. In recent months, the number of users has increased, and this development is expected to continue well into 2021; not only these pundits also claimed that as progress proceeds and innovative innovations enter the market, DeFi will begin to address some of the issues that have kept the industry back, such as a shortage of reliable pricing data.

Regulations and Regulations Only

On the regulatory front, 2021 will likely be a bittersweet year. With the market capitalization of the cryptocurrency industry continuing to rise, central banks and policymakers would be paying more attention to this sector. This may be a positive development, legitimizing digital currencies and providing much-needed transparency for developers, but it may also lead to punitive prohibitions in countries that have previously been hostile to cryptocurrency. One of them is India, where rumours persist that the government is preparing to reintroduce a complete ban on trade.

This Is A Big Year for Ethereum

Ethereum will be in the news in 2021 for various reasons, not the least of which is the fact that it is the blockchain that underpins DeFi and NFTs. Work on Eth2 has now formally started, and the crypto world will be watching with bated breath to see how this update goes. Can everything go as planned, or should we brace ourselves for further delays? All of this occurs before the mention of ETH. Will the nation’s fastest cryptocurrency be able to reclaim its all-time peak of $1,432 — and will optimistic predictions of a rise to $2,000 or perhaps $9,000 become a reality?

Ripple is in for a Challenging Year.

The US Securities and Exchange Commission lodged a bombshell case against Ripple over the selling of XRP tokens, and the company is now reeling. The firm is off to a defiant start in the new year, vowing not to give up without a storm. However, with a host of large exchanges delisting XRP and SEC cases always taking years to resolve, 2021 seems to be an uphill battle. In February, Ripple and the SEC will meet for the first time in a pretrial hearing, and this would be the beginning of a lengthy process, depending on how such proceedings have progressed in the past.

The Involvement of PayPal Can Be Sensed

PayPal’s latest cryptocurrency app, which allows users to buy, sell, and hold Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, is expanding globally after a low-key introduction throughout the United States. Hundreds of millions of consumers would be able to own digital properties and use them to make purchases from various retailers. Following the launch in the United States, Mizuho Securities conducted research that found that 20% of PayPal users polled had fully utilized the crypto function.

Similar implementation elsewhere in the world will certainly send shockwaves through the market — and upend the payments world today.

We’ll close on a cautionary note. Every year, hundreds of wishful thinking projections are created, many of which bear little relation. Some of the most important headlines that will shape the crypto industry this year are yet to surface. For example, most of us had never heard of DeFi before January 2020. Put the seatbelt on because the year 2021 is going to be a roller coaster for everyone.