What will the cryptocurrency market look like in 2027?
That is quite an interesting question. Of course, nobody can be a hundred percent sure about what the future holds. However, there are some fascinating predictions about the future of crypto.
As we have seen in the last months, a lot can change in a year. Imagine what could happen in five!
Okay, we are going to the future. The year is 2027, technologies and innovations have seen huge progress, as well as a time of chaos.
Although long-term predictions are hard to make, they can be a great experiment. So here are the most interesting events expected to happen during that period of time.
The Metaverse is not going to rise as expected
Although the metaverse is a popular topic today, most people are not really sure what it is exactly.
It is a virtual world, existing on an ongoing basis, working in real time, with its own economy and built by the participants themselves. There are plenty of applications that can be integrated into the metaverse, including games, video-conferencing apps, etc.
Of course, games and other apps have been around for some time, so we can say that the metaverse isn’t such a phenomenon. What makes it so interesting is its useful feature of being able to transfer digital assets between games, without the need of a third party.
Anyway, expectations are that the metaverse won’t be able to cater to every need. There will still be some services which will remain isolated because of the unwillingness of their operators.
Furthermore, the total immersion of the metaverse is possible only with VR glasses, and the majority of ordinary people will not put them on, just to do some usual tasks.
Super apps
Active DeFi users are using so many protocols such as wallets, interfaces, exchanges, etc. Of course, for the ordinary user, it will be perfect when most of the services become a part of one super app.
The optimal choice here is when they all become a part of the wallet. Storing, exchanging, transferring and all other activities will be carried out in a single interface.
Bitcoin as a unit of account
Money has three roles - a means of payment, a store of value and a unit of account. There are many cryptocurrencies used as a means of payment (mostly stablecoins). Bitcoin, and Ethereum, on the other side, are primarily used as a store of value. The US dollar is the main unit of account in the world, and everything, including Bitcoin, is valued in dollars.
Expectations (and hopes) are that cryptocurrencies will take over the role of a unit of account.
Changes in the cryptocurrency list
Other predictions say that the list of top cryptocurrencies is going to change radically. Ethereum Classic is expected to be ousted from the list, and other projects with stable positions may even vanish.
While some stablecoins are going to disappear, new ones will take their place.
Crypto market will fragment along the world
Cryptocurrencies are global, but they are also vulnerable to the influence of different states. There are some countries that have already introduced some regulations, and others are threatening to do so.
It is possible that the crypto market will work in some parts of the world, while it will be closed to others. We can even say that the future is already here!
Of course, everything is just a prediction and should not be considered as financial or investment advice.
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