Now that things seem to be settling down, the crypto space looks set to enter into another significant phase of its existence. The Bitcoin halving event is by the corner. From now, we shall see a few interesting things happen down the line.
Since more time is being spent online, more people are catching up with the crypto space. We shall witness a rise in new entrants into the crypto space and these entrants will spur the rise in the adoption of several Altcoin projects.
Other intriguing Altcoins will emerge too and this will be in response to the difficulties that the front Altcoins couldn’t solve.
We are also going to see a reduction in Bitcoin’s dominance. This dominance is transpiring due to a lack of understanding of the central concepts behind cryptocurrencies.
There will also be a lot of decentralization occurring as well.
We shall also see the rise of new Satoshi-like personas who create projects but don’t want to be known. Since this appears to be the only way to get things done enigmatically. New Pseudonymous characters will step up to the plate and deliver their capabilities to the world.
Just like in the early 90s, the World will become enthralled with the various personalities that have created this wonderful ecosystem. Then the snowball effect that accompanies technology adoption will unfold.
Speaking of ecosystems, blockchain systems such as Ethereum will thrive well. This is because the ease of entry into the blockchain space can be a barrier for many. Ethereum and others like it solve this problem effortlessly.
By the end of five years, the crypto space as we know it will be unconventional. Almost everyone will wonder what they were doing without cryptocurrencies in the first place.
Then again we are looking into the crystal ball.
Author: Christopher Haruna Hamman
Read more at: https://zycrypto.com/the-cryptocurrency-crystal-ball-what-things-could-be-like-in-the-next-half-decade/
