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Bitcoin (BTC), XRP, Ethereum (ETH), and the entire Crypto sector has gone through a turbulent year, with significant developments in the background.
Despite the setbacks, there are expectations for significant trends that will shape the moods, attitudes, and decision-making in 2020, which comes with various predictions as the Bitcoin market is about to choose a direction.
Messari has posted a report with 120 trends and opportunities in the Cryptocurrency sector, expected to appear and expand in the coming year.
“This is NOT an objective analysis, but a collection of my / our strong convictions for the decade ahead. It’s based primarily on my nearly seven years studying this industry closely and working in it full time.” – Ryan Selkis
Previous trends in crypto have been altered by Selkis.
He is now especially critical of Ripple XRP, calling it a project that’s “too-big-to-jail”.
At the same time, Tether (USDT) was a surprise, in that it continued to keep its dollar peg, while the project remained solvent.
EOS on the other hand, was deemed as being “broken and ran by a cartel”.
In 2020, BTC will lead again as the best performing asset, while altcoins will only follow if the Bitcoin price remains stable.
Smaller coins and tokens will continue to dump into oblivion, while other underwhelming trends will include tokenized securities, which still lag behind.
On a wider scale, the Crypto sector may give rise to a serious Web 3.0 movement, with decentralized hardware and the willingness to build a new infrastructure less reliant on surveillance and centralization.
In other Bitcoin news today, Crypto-preneur John McAfee says he will stop promoting individual coins to focus on his presidential bid — but already knows he will not win.
In a series of Tweets beginning on Dec. 14, McAfee, who has built a large following among crypto users, claimed that championing individual projects in the space took up too much of his time.
“People ask why I am no longer doing Blockchain promotions. It is very time consuming. My Presidential Campaign will be starting in earnest in January and I cannot do both. I am in no way abandoning crypto; only the task of promoting specific projects.” – John McAfee
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.