The year is 2038, and many of us have aged a bit. Some of us dudes have accepted our fate as having lesser hair on our scalp. Perhaps a flying car would be a reality by then, and HODLers would be the lucky few who own them. That is because the cryptocurrencies of Bitcoin (BTC), Ethereum (ETH), XRP, Tron (TRX), etc., have blossomed to their full potential and become mainstream investment instruments.
What we are going through now – in 2018 – are growing pains that are sure to separate the so-called ‘weak-hands’ from the long-term HODLers who have seen the future like Doctor Strange in the Marvel Universe.
So let us travel forward 20 years in time and see what our favorite digital assets would be valued at as well as any technical advancements by then.
In 20 years, BTC would have probably experienced a few parabolic moves and peaked at all the predicted levels of $25,000, $50,000, $250,000, $1 Million, etc. These price movements would have even saved John McAfee from eating his own d*ck. By then, BTC would be the digital gold and all fiat would have become extinct and displaying in museums next to fuel guzzling Lambos.
More forks of Bitcoin would have emerged by then with each claiming to be the refined version of the original. But the original Bitcoin by Satoshi would be highly sought after by HODLers who believe its value will perhaps reach higher levels above the $1 Million predictions.
The probability of the Ethereum community agreeing to solve scalability issues in 20 years is very high. By then, the network will be processing transactions at speeds that are probably 100 times current levels. The ERC20 token protocol would probably be obsolete and replaced by some other protocol that has fewer vulnerabilities in the smart contracts.
The price of ETH would have crossed the levels predicted at $1,000, $2,000, $10,000 and more. ETH would once again be the best alternative coin to HODL and not Stellar (XLM) or Zilliqa (ZIL).
The remittance industry in 20 years will probably be at the fingertips of the Ripple company. The firm would have by then, apparently merged or acquired SWIFT and any other threat to their ‘global domination.’ XRP would have surpassed the eagerly awaited $10 and done more in gains to levels that have not even been predicted. The monopoly of Ripple software solutions would once again become a cause for concern but not to XRP HODLers who would be reaping the rewards of waiting.
Justin Sun and the Tron foundation would have managed to decentralize the web in 20 years. The digital asset of TRX would have managed to become the gold standard of rewarding musicians, actors and more. By then, the adult film industry would have catapulted TRX to levels that no one imagined due to PornHub further pushing TRX adoption on its site.
By this time, Litecoin (LTC) will probably have decided to no longer live in the shadows of Big Brother, BTC. Litecoin would have managed to become the preferred digital asset for sending funds through SMS and Telegram messaging through Lite.im.
Also with TokenPay, the Litecoin Foundation would become the Goldman Sachs of crypto banking through the simple fact that they were one of the first to issue crypto debit cards after acquiring a stake at WEB Bank.
In conclusion, and the basis of this futuristic post is to remind crypto-traders and enthusiasts that we are on the cusp of greatness with cryptocurrencies and blockchain technology.
With every new technology that is introduced into the mainstream, there is a reluctance to adopt it immediately for this would be disrupting the ‘Business as Usual’ of doing things. Humans are creatures of habit, and any disruption of that habit is usually met with fear or hostility as we see now.
But 20 years down the line, crypto traders will be flying around in their cars and being glad they kept HODLing.
For the latest cryptocurrency news, join our Telegram!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Pexels
Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC
The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.
The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.
Musk’s Tweets also impacted Dogecoin’s price
Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.
He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.
ur welcome pic.twitter.com/e2KF57KLxb
— Elon Musk (@elonmusk) February 4, 2021
Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.
But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful trading…
Wisebitcoin Launches Professional-Grade Crypto Exchange
Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.
In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.
For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750.
Beyond leverage, Wisebitcoin additionally offers a simple and…