Top 4 Crypto Trends to Expect

The world of cryptocurrency is expanding at an exponential rate. The total

market cap for all 4,000 cryptocurrencies is over £1.6 trillion. More than
anyone could have anticipated just a few short years ago.

The number of crypto users has exceeded 100 million and is continually
growing. This data has even led to the institutional adoption of Bitcoin and
other digital money – mainstream financial institutions included.

However, many changes are anticipated in the next five years. For that
reason, it pays to keep your mind and eyes open. Bitcoin wallet account
balances might just depend on it. If you’re thinking about investing today, you
could consider online bitcoin wallet for bitcoin transactions. Here are a few
trends to consider.

Cheaper Transaction Fees

If you are a Bitcoin investor, transaction fees are likely to be the bane of your
existence. As the number of crypto users grows, the networks become more
congested. As a result, transaction fees are on the rise.

Newbie crypto users often avoid Bitcoin as the fees prove to be too high.
However, it’s not all doom and gloom. Firstly, because even now, there are
ways to pay less on a transaction. Waiting for the traffic to clear to a degree is
a well-known strategy.

But in terms of trends, that’s not enough. The rising fee rates are real
concerns for all parties involved – developers, miners, and users. That’s why
we already see innovative technologies that are going to affect the cost of
transactions.

The Lightning Network is the perfect example. It sits on top of Bitcoin and
reduces the congestion caused by the excessive number of transactions in
the system. Not only that, but the fees are a mere fraction of what you’d
typically pay.

Even though it’s still in an experimental phase, the Lightning Network

indicates a significant trend. We can expect other technologies to address
lowering crypto transaction fees in the future.

The Integration of 5G Mobile Network

The introduction of 5G technology has created many possibilities, yet it stays
underestimated by many. It represents an entirely new paradigm in mobile
network technology and offers greater transmission speeds.

More importantly, the lower latency and a more significant number of

connected devices represent a great opportunity for cryptocurrency.

5G will affect how crypto mining operates and how the DeFi applications will
develop. Overall, the implementation of 5G will level the playing field as the
network data speed will no longer be an issue.
More Regulation
When Bitcoin really took off, so did the talk of regulation. Up until 2012, most
regulatory bodies didn’t know how to tackle the issue of regulating
cryptocurrency.

Since then, however, many changes have been implemented. But it wasn’t
until 2017 when Bitcoin had an outstanding year, that the era of government
scrutiny truly began.

The regulation was unavoidable, and some would say necessary, especially
regarding crypto taxes. While crypto taxation is still not a big deal, that will
likely change soon.

And that change may well prompt the development of crypto harbours where
users with significant holdings might move to avoid paying taxes.

The Looming Crypto Crisis

Granted, talk of the Bitcoin bubble bursting seems never to end, and it’s at a
point where many have discarded it as a scare tactic.

But in reality, just because it hasn’t happened yet, doesn’t mean we shouldn’t
expect it. Never before has Bitcoin and other major crypto coins been so
transparent, secure, and regulated. This steady growth of cryptocurrency has
presented a set of problems we’ve not previously encountered.

The increased supply of coins within the financial sector will likely lead to the
devaluation of Bitcoin. However, as crypto users continue to worry about the
crisis that’s likely coming, others are in damage limitation mode.

There’s a great incentive to develop a risk assessment model that will prevent
any significant loss. The improvement of current risk assessment models is
necessary, as many of them currently revolve around guessing.

Prepare for the Crypto Future

Other trends that we might expect in the following years are an expanding
market for DApps, NFT tokenisation, and the likely introduction of new digital
coins. But with everything changing so fast, there are probably many
unexpected trends on the horizon.

The volatility of cryptocurrency is a well-known fact, and we’re all used to

being surprised by anything crypto-related.

Hence, it pays to keep your eyes open. Bitcoin wallet technology in the
near-future might look very different. Transaction fees could skyrocket or
decrease substantially. However, the regulation, taxation, and the emergence
of 5G will change the landscape of cryptocurrency for certain.

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