Top Cryptocurrency Trends For 2023-2025

“Cryptocurrency will change market structures, and maybe even the architecture of the internet itself.” – Abigail Johnson.

The global cryptocurrency market has peaked over the last year. With the presence of thousands of cryptocurrencies rushing to be on top, the market capitalization value of cryptocurrencies stands at $1.6 trillion, or even more. Experts estimate that the world consists of around 300 million active cryptocurrency users in the entire world.

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Everyone is keen to learn more and more about cryptocurrencies. Considering the curiosity of our readers, we have brought the top trends in the crypto space that will probably continue into 2025 and beyond.

INSTITUTION ADOPTING CRYPTOCURRENCY ECOSYSTEM
THE POPULARITY OF NFTS
CRYPTO ETF APPROVAL
BITCOIN HALVING

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1. Institution Adopting Cryptocurrency Ecosystem

Last year, 2022, the crypto industry experienced some remarkable events that left more calls for stringent crypto regulations in various countries worldwide. These regulations aim to prevent risks for investors, build confidence in the market and encourage greater adoption.

For instance, on 16th December, the Biden administration, through the Financial Stability Oversight Council (FSOC), called for more strict and clear regulations following the FTX collapse. It made a few recommendations to Congress for policies that ensure financial stability and protect investors and national security. FSOC also called Congress to look into the “regulatory arbitrage” process crypto firms use to bypass US oversight.

On top of proper crypto regulations, increased crypto investments by institutional investors are significantly boosting crypto adoption. Crypto winter has been quite a challenge for most short-term investors for the large part of 2022. However, most institutional investors have a positive outlook on the market’s potential. According to a survey by Coinbase, 62% of institutional investors increased their crypto allocations over 12 months, and 71% believe that digital asset valuation will increase over the long term, even with the prolonged crypto winter.

2022 Institutional Investor Digital Assets Outlook Survey

Institutional investors increased their allocations during the crypto winter, with many using this as an opportunity to learn and build for the future.

Investors’ top motivation for investing in crypto is differentiated performance, with many citing their desire to allocate to innovative technology.

Despite heightened volatility, digital assets were seen as offering one of the most attractive opportunities to generate alpha.

Institutional investors cited regulatory compliance as a top criteria for selecting a crypto partner and viewed regulatory clarity as an important catalyst for future growth.

Seeds for the future

Results from the survey also reveal that investors are planting seeds for the future. We asked investors for specific activities that they are doing or plan to focus on as they invest in crypto. Among the top responses included access research and insights (44%) and to access market data (36%). Nearly a fifth of investors are deploying or planning to deploy crypto in their investment framework to develop or improve their internal infrastructure. Taken together, these data points highlight how there is a base of investors that are using the current environment to learn and build for the future.

Strategies used or planned for investing in crypto

Further, a similar survey by Fidelity Digital Assets showed that by the end of the second half of 2022, approximately 58% of institutions surveyed were holding cryptocurrencies. There was a 6% increase from last year despite the bear market condition. It’s a sign of a potential long-term uptrend of digital assets.

The South Korean government has allocated a whopping $200 million that is being invested in metaverse projects, and in August 2022, we saw Shima Capital debut a similar amount to support web 3 firms. Notably, one of the UK’s banking leaders, Barclays, has invested $2 billion to acquire a stake in one of the fast-evolving crypto custody firms, Copper.

Top reasons to invest in digital assets

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2. The Popularity of NFTs

A NFT (non-fungible token) is data added to a file that creates a unique signature. It can be an image file, a song, a tweet, a text posted on a website, a physical item, and various other digital formats.

This means that someone can own a digital file that it’s marked with code to differentiate it from any digital replicas.

The global Non-Fungible Token (NFT) market size was USD 15.54 Billion in 2021 and is expected to register a revenue CAGR of 34.2% during the forecast period. Rise of digital assets and collectibles, growing popularity of blockchain-based gaming as well as the metaverse, rapid adoption of cryptocurrency, provision of authentication, and tracking of original owners are key factors driving the Non-Fungible Token (NFT) market revenue growth. NFTs are blockchain certificates that certify ownership of a certain asset which are typically in the form of art but have several other use cases in gaming, collectibles, and financial applications. According to research, the number of unique NFT purchasers increased by 450% between 2020 and 2021.

It increased from 10,000 purchasers per month to 40,000 buyers per month.

Back in November 2020, the same artist sold another NFT digital artwork called Crossroads for $666,666 at Nifty Gateway, an online NFT marketplace owned by the Winklevoss brothers.

They can be purchased in packs for as low as $9 or as sophisticated NFTs that feature different lighting and camera angles of historic shots for as much as $240,000.

Revenue in the NFT market is projected to reach US$1,601.00m in 2023.

Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 18.55% resulting in a projected total amount of US$3,162.00m by 2027.

The average revenue per user in the NFT market amounts to US$114.80 in 2023.

From a global comparison perspective, it is shown that the highest revenue is reached in the United States (US$781,900.00k in 2023).

In the NFT market, the number of users is expected to amount to 19.31m users by 2027.

User penetration will be 0.2% in 2023 and is expected to hit 0.2% by 2027.

Investing In NFTs

Like real estate, fine art, and other cryptocurrencies, the biggest risk for NFT investors is whether the items will keep their value or not.

Thousands of NFT sales worth millions of dollars in total value are traded each day. Although some NFTs may go for millions, most don’t even break $200.

Token holders may get stuck with NFTs if their popularity declines and people stop wanting to buy them.

According to the report released by the consulting and global research firm VMR (Verified Market Research), the overall value of the NFT market is expected to rise to $231 billion by 2030.

The 202-page research report on the NFT market space published by VMR said that the global NFT market would be valued at $11.3 billion in 2021. As per the report, the sector is predicted to grow by a 33.7 percent compound annual growth rate in the next eight years.

Based on Application, the Art segment is anticipated to dominate the market in the given forecast period (2022-2028). The global sales value of art and collectibles non-fungible tokens (NFTs) increased dramatically in 2021, culminating at 11.16 billion US dollars. Overall, Non-Fungible Tokens (NFTs) sales in the art industry reached 2.57 billion USD in 2021, up from roughly 20 million USD in 2020. Meanwhile, Non-Fungible Tokens (NFTs) transactions in the collectibles market generated approximately $8.6 billion USD in 2021, up from around 10 million USD the previous year.

FTs soon gained popularity among digital artists, musicians, and gamers as a way to monetize their content and ensure that it remained unique and protected. The Bored Ape Yacht Club (BAYC) brought NFTs in the mainstream during 2020 and 2021, with the monkey-themed PFPs selling for over 6 figures a piece. Since then, NFTs have evolved into several exciting applications and use cases:

Art: One of the most well-known uses of NFTs is in the art world. NFTs have made it possible for digital artists to monetize their work and protect it from being copied or stolen. In addition, blockchain technology has opened up a whole new market for digital art, and some NFTs have sold for millions of dollars at auction.

Music: The music industry is another industry that NFTs are disrupting. Musicians can now sell unique, limited-edition digital copies of their music, which can be traded or collected like traditional physical albums. NFTs give artists a new way to monetize their music and connect with fans, and it allows fans to own a piece of their favorite artist’s history.

Gaming: NFTs are also making a significant impact in the gaming industry. NFTs can represent unique virtual items, such as rare weapons or special skins. Players can collect and trade these NFTs, adding a new level of value and ownership to their gaming experience.

Real Estate: NFTs can also represent virtual real estate, such as virtual plots of land in online gaming worlds. NFTs open up new opportunities for players to own and monetize their virtual property, just as they would with real-world real estate.

Collectibles: Finally, NFTs can potentially become the new standard for collectibles. Whether it’s trading cards, sports memorabilia, or any other type of collectible, NFTs offer a secure, unique, and easy way to prove ownership and authenticity.

Several platforms are investigating the utilization NFTs within the social metaverse, which includes live-action video series.

One trend that is emerging is the development of NFTs compatible with multiple blockchains, making it easier for users to trade and collect NFTs across different platforms, resulting in a more seamless and accessible NFT market.

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3. Crypto ETF Approval

The first Bitcoin ETF debuted on the New York Stock Exchange in 2021, a notable breakthrough. The development is a new and more conventional way to invest in crypto.

With the BITO Bitcoin ETF, investors can buy in on cryptocurrency directly from traditional investment brokerages. The investors can do this from accounts they already have, like, Fidelity or Vanguard.

However, some experts say the BITO ETF is insufficient because it may not hold the crypto directly even though the fund may be linked to Bitcoin. The fund has Bitcoin futures contracts.

Experts state that while Bitcoin futures follow the general trends of the actual crypto, they may still not track the price of Bitcoin directly. Thus, investors may want to continue waiting for an ETF that holds Bitcoin.

In this context, the SEC has considered ETF approval before, but BITO is the first to gain support. Ultimately, investing in a crypto ETF like BITO will be as risky as any crypto investment.

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4. BITCOIN HALVING

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