In the last few years, we have seen the crypto market go through some tremendous changes. We have lost many useless tokens to the crypto winter of 2018/2019, but this has overall contributed to the market’s maturity.
2020 is expected to bring further development to the market, with more growth for the existing projects, and an increase in crypto-asset adoption.
Below are some of the reasons why 2020 will be a big year for crypto:
The Bitcoin Halvening
This May, the crypto world will see the Bitcoin digital ledger go through its third halvening, which will decrease its block reward from 12.5 to 6.25 BTC. This event occurs every four years, and in its past instances, it has produced interesting price movements prior to and after the halvening.
The halvening is expected to lead to scarcity and drive up the price of Bitcoin on the market. But it is also expected to severely impact the mining ecosystem, as miners will leave the network because of unprofitable rewards. There will be an imbalance in hash rate as well, but it…