Cryptocurrencies are incredibly interesting as a concept, but they are also peculiar in the sense that their trends are varied and there are a lot of unexpected things that can occur in a short time. This is part of the reason why many traders are on the scene as they really enjoy the randomness and risk of it all. It’s one of the biggest reasons for its incredible popularity as high risk also means the potential for massive rewards and who doesn’t love that? Now with all of that in mind, we think it would be both fun and useful to cover all of the trends that we expect to see in the next year or so. Let’s dive right into it.
One of the main criticisms that many people have about cryptocurrencies is their environmental impact. It’s hard to deny that it is a real thing and we understand why many people are concerned. While the effects of cryptocurrencies may not be as massive as let’s say what factories are doing it’s still present and it bothers many people. This is why some have begun to develop green blockchains. We’ll have to wait and see what kind of cryptos will be present here and whether things such as BTC will be there, or if perhaps smaller things like Actualite crypto might become efficient enough to be present.
Green blockchains would aim to have a certain level of efficiency with all of their cryptocurrencies in order to limit the pollution that they cause and minimize their carbon footprint. Even if the level of the environmental impact of current blockchains wasn’t that bad it would still be great that they are aiming to be more efficient. We can certainly respect any attempt to improve this already amazing system and can’t wait to see the results.
Possible NFT comeback
It’s no secret that NFTs have fallen from grace recently and most of the interest in them has evaporated at this point. While they were an incredibly big thing up until recently it would simply be coping to say that they still have any decent level of relevancy. This may not be the case forever though as there is a serious potential for a reignition of interest for NFTs.
You may be wondering how that would be possible considering their relative downfall, but we believe that it may occur due to the many improvements that they have been making recently could have a big impact on things as they’ve been taking feedback and criticism to heart and seemingly are aiming to fix some of the things that people have taken issue with previously when it comes to NFTs so we’ll have to wait and see.
Legislation may be an issue
So far cryptocurrencies haven’t had as many issues with legislation as some people thought they would initially. This is part of the reason why crypto could succeed as it was really unchained and it allowed innovation to occur far more freely. But if new legislation and laws are created in the future to chain crypto more it could potentially cause issues so most traders are wary of what might happen.
Of course, there is a more positive way to look at things. If crypto was more controlled legally then we would likely have fewer people who would try to abuse the technology to scam people. Considering how the things they do damage the image of cryptocurrencies in general this would be a good thing, but it’s hard to tell whether or not this benefit would outweigh all of the downsides of increased control.
It’s incredibly hard to gauge the impact that certain controversies like the FTX collapse have on the world of cryptocurrencies, but it’s easy to see that they don’t have a positive one. When a massive scandal such as this one happens it certainly affects every trader even if they didn’t have anything to do with the project itself and didn’t invest in it as the general market prices begin to fall, we’re hoping to avoid more similar things occurring as it really could damage the world of cryptocurrencies.
There are some more trends that we believe could have a noticeable impact on the market and the community as a whole but sadly it’s impossible to list every single one of them so we’ve simply decided to focus on the ones which have the most promise and the highest chance to actually happen and have an impact, be it good or bad. Keep an eye on the news to see if any of these actually come true in the end.