Five Cryptocurrency Trends We Are Likely Seeing In 2021

We are currently a few weeks into 2021, and there have been ups and downs in the markets, but we can say that the crypto climate is overall stable. If you are asking yourself what lies ahead of us, below we are listing the five cryptocurrency trends that will change the landscape in the year ahead.

Fintech firms will move into cryptocurrency

We already saw big names entering the world of cryptocurrency, and that habit is about to continue. The lead of firms such as Robinhood, PayPal and Square is expected to continue, and crypto is likely to get a boost from even more institutions. Fintech companies can come in any shapes and sizes.

The world of DeFi will also blossom

Decentralized finance is a topic that is mostly related to the Ethereum news, but that is going to change in 2021. Second in our list of five cryptocurrency trends for 2021 is precisely decentralized finance, and a new boom that is expected. The head of DeFi at Ripple, Michael Zochowski, recently said that he believes “at least 25% of the value deployed in DeFi by the end of 2021 will be on networks other than Ethereum.”

Regulatory clarity led by US President Joe Biden

Cryptocurrency regulation will be another top priority, especially in the US. The newly enacted President Joe Biden is ready to tackle this subject, and seems likely to understand its implications for public and private sector innovation.

The cryptocurrency hype is continuing

Central Bank Digital Currency (CBDC) talks have been present for many years, and will continue to be a hot subject in 2021. Ripple predicts that 2021 will be “the year for CBDCs” – the VP at the company James Walls said: “Over the course of 2021, I expect to see greater evolution of cryptocurrencies, stablecoins, and CBDCs with each firm establishing their place in finance and payments through more defined use cases.”

Crypto will make finance more accessible

Many would say that this is a bold statement, but the reality is that cryptocurrency firms will make headway against what we know as “established financial providers.” The idea is to promote crypto and its original promise of making finance better, more accessible, and equitable for the underserved people in the world.
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These five cryptocurrency trends are only the beginning

The fact that Bitcoin went above $40,000 shows a lot of potential for the cryptocurrency space. From disbelievers to naysayers, a lot of people now know that anything is possible and that the world is ready for a new revolution.

We hope you liked our five cryptocurrency trends and predictions for 2021! As always, keep following our latest crypto news!