[Wise Crypto Life] 29. Forbes' 10 Keywords
[Wise Crypto Life] 29. Forbes' 10 Keywords 2022.01.25 14:58
In this year's first Wise Crypto Life edition “Crypto Preview of 2022", we looked at cryptocurrency-related issues that will receive attention this year. In this episode, we will delve into the 10 blockchain and cryptocurrency industry keywords that were selected by influential U.S. magazine "Forbes" on January 13th (EST), while focusing on the top 3 terms.
1) Bitcoin surpasses $100,000 -> Forbes evaluated the value of Bitcoin to be quite high despite the fact that the price has been falling for some time, even breaking the $40,000 level. Besides Forbes, Swiss digital assets bank SEBA along with many other institutions and experts also predicted that the price will be at around $75,000 or more this year. Will the year really be as rosy as the positive predictions?
2) Ethereum maintains its position in the smart contract platform market through upgrades -> As Ethereum prepares the upcoming Ethereum 2.0, many people are looking forward to the possibility of 'smart contract' functions and it seems as though the works are being put in to make this a reality. Forbes predicted that Ethereum will maintain its position in the market, but some experts are even predicting that ETH's market cap will exceed that of Bitcoin, making it the most anticipated cryptocurrency of the year!
3) Web3 technology leads the decentralization of the Internet -> Web 3.0 refers to more personalized and intelligent web services than the current environment, Web 2.0. The biggest difference between the two is “decentralization". With blockchain technology, Web 3.0 will be able to create a decentralized Internet environment where both storage, use and ownership of data are given to individuals by utilizing the resources of network participants without specific administrators. NFTs and De-Fi, which have grown significantly in recent years, are characteristics of Web 3.0. At CES 2022, there were a number of technologies heralding the era of Web 3.0, and the exhibition featured a heated debate among experts in Silicon Valley on the level of penetration Web 3.0 will have in our lives this year.
In addition to the three topics discussed above, Forbes gave a list of six additional keywords including "DAO” (Decentralized Autonomous Organization), the rise of NFTs and P2E, the simultaneous increase in institutional investments as cryptocurrency regulations. This year, rather than introducing new ideas, the topics that have already been brought up last year are expected to be more further developed. Below is the remainder of the list.
4) DAO provides a new way of social and economic cooperation
5) NFT and gaming-based blockchain technology emerge as a new revenue stream
6) Emergence of multi-chain industry
7) Digital Euro in the form of a stable coin exists only as a pilot project
8) Reinforcement of legal clarity through regulatory and prohibition laws
9) Continued investment in cryptocurrency by institutions and large corporations
10) Enhancement of cryptocurrency investment safety
We hope that this year brings more good news from the blockchain industry that will help better our society.
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