The 6 known Cryptocurrency Trends of 2020

3 min readFeb 6, 2020

Thousands of trends occur every day and out of which very few become popular. In the fast-paced technological world of cryptocurrency, the most important course for the traders in the market is speculation. We have laid down a few trends that are not only expected to be popular but ensures change.

1. Bitcoin Halving

Everything you need to know about bitcoin halving

Bitcoin halving is expected to take place in the month of May 2020 that will enable in the reduction of bitcoin’s reward for mining of the block into half from 12.5 to 6.25 BTC. The halving is stated to be stable the bitcoin’s supply for its full saturation as there will be no bitcoins to mine. Post which bitcoin will be rare and expensive of its value or else Satoshi Nakamoto will have to create more bitcoins for mining. With Bitcoin halving, traders are anticipating like past halvings for it to be a similar supply-side price growth.

2. Libra

All About Facebook’s Libra Coin

Facebook’s Libra ever since its introduction has come out with many attachments of creating a high or going down but it thus has created a buzz in the market. It is expected to be available in the summer of 2020 and has been quoted to create potential due to its speculations. There are many uncertainties involved with Libra and has been said to have the backing of many known companies such as Uber, Spotify, Coinbase and so forth. Because of Facebook’s existential status of social media presence, it has already created a hype.

3. The Market Consolidation

Is Cryptocurrency Trading a Get-Rich-Quick Scheme?

The last year 2019 showed us some fall in the value of most of the cryptocurrencies, however, it is speculated that there would be more than 2000 coins introduced in the year 2020. It is also stated that with the involvement of bigger companies in the crypto market there will be consistency with the known coins leading to less fluctuation in the value of the coin.

4. Fintech

5 most promising Altcoins for long-term investments

Blockchain Technology and Cryptocurrency are on a rise ever since its introduction and with new developments, it is ever increasing. The massive usage of so many types of virtual currencies has led to the question of its regulations and implementation. Fintech companies are already playing a role to associate and invest in many such cryptocurrencies.

5. Continuation of scaling

Cryptokitties and several other companies based on the blockchain network had created a jam in the crypto market. In the year 2020, it is expected that there will be more and major blockchain projects that will hype the crypto trading market and will reach its networks on a large scale.

6. Government’s Role

Basic Guide to the Taxation on Cryptocurrency

Many countries yet have no regulations about the taxes involved in the use of cryptocurrencies in any part of the world. However with regulations on the cryptocurrency, even though there would be turbulence in the value of the coin yet it will make the environment bigger and safer to utilize. Countries such as China and the USA are said to be welcoming crypto in the market in order to regulate the cryptocurrencies with taxation.

David Gold, a creator of the FIO — Foundation for Wallet Interoperability, said,

“The truth is that there are few true ‘users’ of blockchains and cryptocurrencies today beyond speculators. Getting beyond that is the main challenge as we move into 2020.”