The cryptocurrency market nearly tripled its value this year since the fall of over $750 billion last year. As the market nurtures its growth, new inventive and modern trends begin.

So here are a few of the trends we all can look forward to by 2020.

Moving Towards Crypto

Big companies such as JPMorgan Chase and Facebook have expressed their keen interest in moving towards crypto. Just this, year, these companies announced their first venture towards cryptocurrency by using their own native tokens. Many companies are expected to set their foot forward following this breakthrough.

Growth of Token-Based Applications

Token-based like Sweatcoin and Brave Browser are reported to have a huge user base introducing cryptocurrency to more and more people every day. They have also partnered with many big companies and corporations.

With a growing number of people joining the trend in cryptocurrency by using token-based apps, this has been a clear track to more token-based apps in the future.

Government Kinship

Cryptocurrency and blockchain have drawn the consideration of various governments and central banks across several countries like Venezuela which decided to start their very own tokens to encompass a weak local economy and avoid international sanctions.

Securing a Place in Financial Ecosystem

Dominant players in the finance and fin-tech industry have joined the cryptocurrency in the past year. The regulatory developments, growth of new technologies, and the discovery of new use cases can influence and disrupt the market greatly. This will no doubt recommence in the coming months and years.