Andrew Wong, a senior executive at International Digital Currency Markets (IDCM), believes the likes of Bitcoin and Ethereum are going to be around for the foreseeable future, as well as many of the altcoins challenging their position.
However, he said the mass adoption of cryptocurrencies is “still at least a decade away” – and even if the myriad of scalability issues within the industry are addressed, a lot of work needs to be done before crypto is “more accessible and easier to use for the general population.”
“Free for all” forecast
According to Mr. Wong, there is likely to be a “free for all” in the marketplace until tokens establish dominance in certain sectors.
Right now, the entrepreneur believes several top-performing coins are being overlooked by the crypto community at large – including Stellar. Mr. Wong claims the network, which uses the Lumens coin (XLM,) can more than adequately service 90 percent of smart contract needs and perform 100 times as many transactions per second as the Ethereum network. This is done at a much lower cost. When it comes to coins that have potential for the future, Mr. Wong believes Ravencoin (RVN) and the Dero Proj...
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