The year 2020 may not be a calm year for the cryptocurrency markets but it surely does promise to deliver some very important developments that will lay down the course for the cryptocurrency industry in the upcoming years. Binaryx is a popular and revolutionary crypto trading platform which helps you to enjoy a smooth and secured cryptocurrency trade. Let us now take a look at the top 5 biggest trends in cryptocurrency for the year of 2020.
- The Halvening – this is probably the biggest event that is going to take place in 2020 in the cryptocurrency market. The happening occurs every four years and in 2020 it is going to be executed once again. It is the event which reduces the reward of Bitcoins for mining a successful block by almost 50%. The last halvening occurred in the year of 2016.
- Launch of Libra – Facebook backed stablecoin, Libra is going to be the talk of the town in 2020. It will have around 170 million in the United States of America alone. It will be almost the summer of 2020 before it clears all the hurdles of regulations and officially gets launched in the market. The launch of Libra will certainly impact in a massive scale because it will bring cryptocurrency in the mainstream market.
- Crypto and Fintech – cryptocurrency and fintech seems to be finally merging. With cryptocurrency evolving every year, it is making its way into new grounds. Since Libra is going to be introduced, Cryptocurrency is soon going to provide much smoother and refined transactions. Thus making it more lucrative to the people and businesses around the world. In 2020, we can expect a huge turnaround in the cryptocurrency market.
So these are the latest trend which we can expect in the cryptocurrency market in 2020.
How to invest in cryptocurrency?
If you want to stay updated with the latest trend and make the most of the opportunities that are going to be available, you can register and subscribe to Binaryx. You’ll benefit a lot from the amazing features the platform provides and especially if you want to invest in other currencies as well. You can easily buy and sell digital currency with Binaryx and invest in more than 40+ currencies which includes Litecoin, Ethereum, EOS, XRP, Tether and Bitcoin Cash.