Industry experts' big predictions for the crypto market in 2021
Editor's Note: This article comes fromCrypto Valley Live (ID: cryptovalley)Editor's Note: This article comes from
Crypto Valley Live (ID: cryptovalley) , Author: GLOBAL COIN RESEARCH TEAM, translation: Li Hanbo, reproduced by Odaily with authorization.A new year is upon us and Global Coin Research is excited to bring you again this year our community’s predictions for 2021 from founders, executives and investor. In their predictions, they share their outlook on exchanges and trading environments, DeFi vs. CeFi, protocol development, and more.
The forecasts below are in alphabetical order:
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Diane Dai, CEO of DODOex.io
DeFi Token will replace most of the current Tokens and enter the new market capitalization TOP20.
The new crypto asset boom: The long-tail asset market will have a 100-fold increase.
There will be an open financial dApp first on the DeFi track, with at least 10,000 DAU.
The Chinese DeFi user base will grow massively, offering local products and services.
A year of great growth in real users of decentralized derivatives.
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DeFi TVL's hit rate exceeded 100 billion times within the year
A certain country declares to hold Bitcoin in the treasury.
More cryptocurrencies will be designated as safe products by the Securities Regulatory Commission.
Gabby Dizon, CEO of YieldGuild.io
We will see the first $1 million single NFT purchase in 2021.
In the first half of this year, the total number of NFT owners will reach 1 million wallets.
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Mable Jiang, Head of Multicoin Capital
1. DeFi derivatives protocols are likely to evolve a lot, and people will find their own scalability solutions to make it work in the interim.
3. Transactions at the seed stage start to involve more community influencers in the early stage, and institutional funds will be required to provide not only funding but also community influence.
4. Singapore becomes more important as a crypto hub as more exchanges and builders move over.
5. Tokenized hash rate is being provided to the community and is becoming a standardized product that meets regulatory requirements.
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Andrew Kang, co-founder of Mechanism Capital
Annual Ethereum settlement volume of more than $5 trillion;
Stablecoin supply of more than 100 billion U.S. dollars;
The total locked position of more than 100 billion US dollars will occur in DeFi;
DeFi market cap of more than $100 billion;
More than 10 million unique addresses that have interacted with DeFi;
DEX trading volume of more than 5 billion US dollars in one day;
A surge of high-quality anonymous project founders;
The first major DeFi Token merger;
Traditional financial institutions/funds enter the stable currency lending market;
The projects of community self-government are growing extremely rapidly;
Simon Seojoon Kim, Co-Founder and CEO, Hashed
Major banks and financial institutions will issue encrypted fund products (Bitcoin, major currency indices, etc.) to public investors.
The price of Bitcoin will be close to 100,000, and DeFi will be integrated into various financial technology applications, resulting in an influx of funds from the general public, resulting in a total locked position of more than 100 billion US dollars.
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Kelvin Koh, co-founder and managing partner, Spartan Group
Here are my 10 crypto predictions for 2021, in no particular order.
BTC will reach $100,000 in 2021.
Ethereum will surpass its all-time high in the next 6 months.
In 2021, DOT will become the top five by market capitalization.
$XRP will be delisted from Coinbase (before its IPO) and will fall out of the top ten.
$GRT will be a top 30 coin in 2021.
Bitcoin ETF will finally be approved in 2021.
A Fintech app with more than 100 million users will start integrating DeFi apps, triggering another major repricing of DeFi tokens.
At least 10 DeFi Tokens will have a market cap greater than $1 billion, including UNI, SNX, AAVE, YFI, and COMP.
The seed financing of DeFi entrepreneurial projects will exceed 10 million U.S. dollars, and the total market value will exceed 100 million U.S. dollars when fully released.
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The DeFi boom continues; on-chain options and interest rate swaps are rapidly evolving, unlocking the potential for new applications and use cases. The development of the Polkadot ecosystem, Layer1 in 2018/19 found a way to stay relevant by piggybacking on each other.
The rise of sophisticated and digestible on-chain analytics has led to renewed focus around privacy protection. New mixer and privacy apps are generated. An algorithmic stablecoin has a market cap greater than USDC. Governance and oracles simplified. Interest in synthetic on-chain asset trading (stocks, indices, commodities) remains subdued. A new breed of crypto funds and trading firms was born, solely focused on DeFi.
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Haseeb Qureshi,Liu Feng, chief content officer of Chainnews and co-founder of Blocks.tech
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Partner at Dragonfly Capital
Layer 2 is finally launched, but most of the liquidity stays in Layer 1. One of the top 5 DeFi projects in 2021 will be built by a Chinese team."secondary title"I believe that in 2021, we in Hong Kong will spend a lot less time explaining why Bitcoin is important, will always exist, and is useful. people will intuitively
Babel Finance CEO Flex Yang
clear
. However, I also predict that history will repeat itself again. We get caught up in Bitcoin’s leaps and bounds, then are caught off guard by its painful corrections.
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Cryptocurrency Mining: The rebalancing of mining from east to west will continue. At the same time, China's progress in the institutionalization of mining may soon attract large companies or investment funds from traditional finance to intervene. There may be some consolidation or mergers and acquisitions in the industry.
On the regulatory side: Hong Kong’s SFC is catching up, as Singapore’s policies towards the local crypto market are increasingly progressive. We expect exchanges to be more compliant with the latest SFC licensing regime, while the Chinese crypto market will enjoy a more relaxed policy environment as bitcoin prices rise.
Investment: The listing of encrypted companies will refresh VC's understanding of the potential of the encrypted industry. It is expected that more VCs will have a higher interest in investing in crypto companies in the coming year.
CBDC: China will continue to test its DCEP in more cities before rolling it out for wider public use. The potential of DCEP is not yet fully understood, and I look forward to seeing its impact on anti-money laundering efforts and the internationalization of the RMB.
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