What will the cryptocurrency industry look like in 10 years? – Analytics Insight
Let’s examine what will be the future of cryptocurrency look like in a decade
Bitcoin (BTC) became the first-ever cryptocurrency following its launch in 2009 and soon caused a chain of events that changed our thoughts about finance forever.
One Bitcoin cost $1 in 2011 and fast forward to 2022, one unit of the original crypto is now worth $38,448.83 and is f…….
Let’s examine what will be the future of cryptocurrency look like in a decade
Bitcoin (BTC) became the first-ever cryptocurrency following its launch in 2009 and soon caused a chain of events that changed our thoughts about finance forever.
One Bitcoin cost $1 in 2011 and fast forward to 2022, one unit of the original crypto is now worth $38,448.83 and is far and beyond the biggest cryptocurrency in the world, amassing a market cap of over $732 billion, according to data from CoinMarketCap.
Bitcoin itself is worth more than the likes of Berkshire Hathaway, a multinational company owned by Warren Buffett who has a net worth of $125 billion as of April 2022, as well as Meta Platforms.
Bitcoin is the ultimate success story of cryptocurrency and today we examine what the digital currency space will look like in a decade.
How much further will the industry thrive?
Some believe that the cryptocurrency industry has hit its peak as well as some who still believe an almighty crash will soon plague the space.
However, we may have reached the point where we can no longer claim this is a flash in the pan… the cryptocurrency economy is a real industry that can and has done real damage to the traditional financial infrastructure.
There have been analysts that have estimated that the global cryptocurrency market will hit a valuation of nearly $5 billion in what would be a tripling of value.
We’ve already witnessed the biggest financial services companies in Visa and Mastercard embrace crypto, with both firms offering crypto-backed credit cards in what is a massive move for the crypto industry to infiltrate the traditional finance sector.
Bitcoin (BTC) 2032 price predictions
While 2022 hasn’t so far been the greatest year for Bitcoin (BTC), its power and potential can not be understated.
As the leading cryptocurrency in the space, Bitcoin’s performance influences the rest of the market demonstrating just how important the crypto is in the grand scheme of the industry.
The coin hit its all-time high of $69,044.77 in November 2021 in an event that went viral just 10 years ago then, that very same cryptocurrency was worth just $1.
There are just over 19 million BTC in circulation, at this time of writing and by 2030, a majority of the available Bitcoin will be mined.
Libertex, a crypto and stocks trading platform, predicted that a single BTC could reach a price between $900,000 and $1,000,000 by 2030.
While BTC trades at $38,242.68, at this time of writing, it would take a pretty incredible consistently bullish run for the crypto to reach a level that high, but considering the journey Bitcoin has been on, nothing is impossible.
The next best cryptocurrencies of the new generation
While Bitcoin will remain top of the food chain, there are so many cryptos out there that have had and will continue to have an immense impact on the market.
The likes of Cardano (ADA) and Solana (SOL) are not only doing remarkable things in the crypto market but within their networks, they continue to grow stronger and possess a bigger authority across the space.
FIREPIN Token (FRPN) is a community-driven DAO (decentralised autonomous organisation) with metaverse integration and is a cryptocurrency project that has endless possibilities.
Multifaceted cryptocurrencies are becoming more common in today’s digital asset space and FIREPIN Token is a key example of this increasingly common theme.
With its virtual reality and blockchain aspirations, FRPN is setting itself to have the maximum impact in multiple sectors of the digital asset sphere.
With every transaction of the FRPN token, a portion of the proceeds will enter a treasury fund that will be used to develop the metaverse and NFT industries as well as the development of play-to-earn (P2E) games.
As FIREPIN is in the second phase of its presale, just 24 days remain until its launch, and opportunities to buy FRPN tokens at a presale cut-price are shortening by the second.
There aren’t many projects out there that dedicate to developing two sectors as important as what FRPN is focusing on now.
Presale: https://presale.firepin.io/register
Website: https://firepin.io/
Telegram: https://t.me/FIREPINOFFICIAL
Twitter: https://twitter.com/FIREPIN_io
Disclaimer: The information posted in the article is for educational purpose only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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