Over the past year, the cryptocurrency market has shown significant growth and has also experienced a number of significant changes. Decentralized finance has become popular, as well as OTC transactions. For example, investments in Bitcoin became popular in the OTC way, bypassing exchanges.
So, what are the disadvantages of the cryptocurrency market in 2021?
States have taken over cryptocurrencies. For example, in a country like the Russian Federation, a number of restrictions were introduced on cryptocurrencies. They cannot be used there as a means of payment. However, states offer an alternative in the form of R&D in the field of state digital currencies.
Sweden and China have also expressed plans to introduce their own digital currencies, which is unlikely to have a positive effect on cryptocurrency operations in these countries.
The Ripple coin also failed, with the founders of which the SEC plans to sue, and the coin itself is now being delisted on many exchanges, which means that coins, which are also closely related to banks, may also wait.
What are the advantages of the cryptocurrency revolution?
The first cryptocurrency showed rapid growth and does not plan to slow down. The record price is updated almost every day, and the daily trading volume is not planning to fall.
The Ethereum upgrade has also had a positive effect on the coin, it has already broken through $ 1000 and is also increasing the price.
Also, almost all DeFi platforms are built on the basis of Ethereum. They have shown incredible growth as they have attracted huge investments in the industry.
In addition to profit from the growth of coins, in 2021 the crypto revolution will make it possible to extract passive profit using staking, as well as liquidity mining, which have become very popular with investors.
Despite the fact that the year 2020 is considered by many to be a crisis year, it turned out to be one of the best years in history for the cryptocurrency market. A lot of new platforms have emerged and a real DeFi revolution has taken place.
All this will leave a huge mark this year, as the DeFi revolution is not slowing down, on the contrary, it is only getting stronger, which means that in 2021, making money on cryptocurrencies will become bigger and easier. Using Cryptology, you can easily buy and sell digital assets.