A year may not be long enough to see the crypto market change.
2027 will be a time of change and advancement of innovation and technology. And it was also a time of chaos.
Long term is hard to predict. But as a thought experiment, a year is too short to see a change. If you really want to see a change, it should take regarding 5 years. This is what might happen in the next 5 years.
Most people don’t even know what it really is. So what does it consist of? Metaverse is a virtual world connected to the real world. Real time operation, support any number of users has its own economic system Created by the participants themselves and has an unprecedented collaborative nature.
This definition shows that the Metaverse is nothing new. Games and social parts of these features have been around for quite some time. It is true that merging Metaverse with crypto wallets will make it easy to transfer digital assets between games or data, but Metaverse will never be able to meet every need. And there’s no reason to include some services in the Metaverse, and some services shouldn’t be included in the Metaverse.
And also to take into account the technical issues. In the 1980s and 1990s, the Metaverse was defined as the unification of the world. And now that things are becoming more and more real, VR technology is getting better and better, but it hasn’t become widespread until most ordinary people use it.
Truly bringing the world together requires advances in technology, such as smart contact lenses or Neuralink And these technologies are unlikely to be widespread in the next 5 years.
2. Crypto Wallet Will Become Super Apps
users of the financial system Decentralized Finance or DeFi There are a variety of protocols available today, for example Wallet protocols, Interfaces protocols, Forex protocols, Bridges protocols, Loan protocols. There are hundreds of them and they are growing every day. which these technologies also create difficulties for users making it difficult to be accepted
Combining the above systems with the Wallet app will make it easier for users to use. And most users only want to keep their assets and transfer them elsewhere. This eliminates the need to access those difficult-to-use platforms. And this will allow those DeFi services to integrate with Wallet in order to make it easier for users to access them.
3. Bitcoin will become the accepted currency like USD and EUR.
Money plays three important roles: as a medium of exchange, as a store of value, and as a measure of value. Ethereum It is classified as a Store of Value, but the US dollar remains the main accounting unit in the world. And everything, including Bitcoin, is worth dollars.
The real victory for Bitcoin is when Bitcoin is accounted for. And such a victory will bring a big change in the financial system.
What will make this possible in the next 5 years?
A sharp drop in sentiment in the US Dollar and Euro is the first thing that will bring Bitcoin into account. Authorities have done a number of things to destroy trust, such as printing money.Unusually high inflation Freezing hundreds of billions of dollars in sovereign reserves, and more.
4. Half of Cryptocurrency The top 50 will fall.
There is a high probability that The top cryptocurrencies will undergo drastic changes, and some stablecoins will be replaced by new ones.
5. The crypto market will be segmented by geographic lines.
The crypto market is a global market. But it is often disturbed by governments, such as in the United States, the European Union, China, India, Russia, has issued strict regulations on Cryptocurrency
An example of separating the crypto world is boycott measures that makes some crypto projectsRestricted to Russian usersfrom accessing their services or even blocking various funds
It is not difficult to imagine a future where different parts of the crypto market will work for the benefit of certain countries. and other countries are blocked
Source : CoinTelegraph
