Insights on the Future of Cryptocurrencies

It’s no secret there are way too many cryptocurrencies out there, in fact over 5,000 different coins. Every single blockchain ecosystem is requiring the use of its unique coin; an equivalent of that would be having t exchange your dollars into every supermarkets local currency in order to shop there. And the volatility resulting from the way the cryptocurrency token supply is set up prevents most mainstream systems from effectively using blockchain and cryptocurrencies.

The future of crypto lies in consolidation and stabilization. Stable coins will play a much more important role in the crypto market with many blockchain networks creating mechanisms for major stable coins to be used within their systems. Stable coins have a much higher probability of being used in the mainstream markets than any other type of cryptocurrency.