Cryptocurrency has become one of the most profitable opportunities to ever exist. Countless people have made big money by investing in crypto early and watching the price shoot up over the course of months and years.
What used to be a niche industry has become a $3 trillion global market.
But crypto exists for much more than profits. Behind the impressive profit potential is the technology that is revolutionizing the finance industry as a whole.
In 2022, we are just going to see another cryptocurrency trend take place. Rather, we are going to see massive adoption and global change take place as more and more people start to understand the value of cryptocurrency.
So what are the major topics you should keep your eyes on this year, to ensure you stay ahead of the curve and get in early? Read on to find out now.
NFTs and Metaverse Trends
In 2021, we saw the explosion of NFTs. What started as a way for artists to create new monetization models for their work has evolved into something explosive.
NFTs, or non-fungible tokens, have paved the way for mass crypto adoption. And the NFT market is still very young. It’s in the beginning stages, and most people have yet to buy an NFT or even research what they are.
With the onset of the metaverse and web3 upon us, NFTs are set to explode like never before. The sooner you understand the NFT industry and the role it’s going to play in the marketplace, the greater your chances of success as a collector, investor, or creator.
Layer 2 Scaling Solutions
Over the past few years, Ethereum has become the foundational blockchain for many other cryptocurrencies and applications. But all of these new technologies rely on the Ethereum network to handle individual transactions.
This has led to major network congestion o the Ethereum network, leading to insane transaction fees for the second most popular cryptocurrency.
But this solution is set to be resolved with layer two scaling solutions on Ehtereum, which can make the network function much more efficiently and affordably. Keep your eyes peeled on networks like Polygon that are making this a reality in the coming months.
New Ways to Use Crypto
For years, early crypto adopters were wondering how to use cryptocurrency to actually do things. But utility for this new technology wasn’t so obvious at first.
In recent years, we started to see different ways of using cryptocurrency. Of course, you can buy things at select retailers, or stake your crypto to earn interest.
But we are entering a time when the use of cryptocurrency will become much more widespread. For example, you can now donate cryptocurrency online to many reputable charities.
Without having to make a credit card transaction, you can truly provide an anonymous donation. And we’ll start to see many, many more of these practical use cases emerge, as more and more people are putting their money into crypto to avoid rapid inflation.
What’s the Next Cryptocurrency Trend?
To keep up with the trend, join a crypto platform to know the latest news and use codes like celsius promo code to save when you register.
Every day, there is something new happening in the world of cryptocurrency. But the most important cryptocurrency trend that is upcoming is mass adoption. More and more people are turning to crypto every day.
And this rapid influx of users and innovators is going to continue the rapid evolution currently taking place in the industry. The sooner you get in, the better it’s going to be for you.
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