Metacities may “not take off”

Metaworlds are a hot topic, but most people still don’t have the faintest idea what the concept is. It is commonly thought of as a virtual world that operates in real-time, accommodates any number of users, has its own economy, is created by the participants themselves and is characterized by unprecedented compatibility with different platforms and tokens.

In theory, the metavieworld is supposed to be an extension of the real world, or even a "new Internet" - a virtual space in which people will spend most of their time. However, the concept of metaworlds is still changing, although it is already being actively monopolized by major corporations. Earlier, Facebook even changed its name to Meta in order to publicly announce its intention to develop in the realm of virtual worlds.

The “metaverse” is about to happen but I don’t think any of the existing corporate attempts to intentionally create the metaverse are going anywhere. https://t.co/tVUfq4CWmP

– vitalik.eth (@VitalikButerin) July 30, 2022

Thus, meta-universes remain a largely unexplored phenomenon, which means that there are no guaranteed “winners” in this sphere, an idea previously voiced by Vitalik Buterin, the creator of Etherium. You can read more about his point of view in a separate article.

Cryptocurrencies will become “super-applications”

One of the main challenges of decentralized finance industry for new users is abundance of exchanges, interfaces, wallets, and different platforms, the number of which grows every day. For the average user, it is ideal when the maximum number of services can be accessed through a universal application. The best option is when it is all integrated directly into the wallet.

The future is in super apps

Users do not care which exchange or bridge they use. They only care about security, speed and low commissions. A significant number of DeFi-protocols will eventually evolve into back-end applications serving popular wallets and interfaces, reports Cointelegraph. And the upcoming release of the Saga smartphone from the developers of Solana, which will store private keys and allow quick interaction with any decentralised apps from the respective shop, only adds points to such a likelihood of development.

Bitcoin will become the unit of account on a par with the US dollar or euro

Money has three basic functions – as a means of payment, as a store of value and as a unit of account. Many cryptocurrencies, primarily stabelcoins, are used as a means of payment. Among cryptocurrencies, Bitcoin and Etherium are used as a store of value. However, the US dollar remains the main unit of account in the world. Everything is valued in dollars, including Bitcoin, ETH, Solana and other coins.

The real victory for crypto will come when digital assets take on the role of the unit of account to a greater extent. Bitcoin is a major contender for that role, although many prominent people say that as a means of payment it loses out to many altcoins. Perhaps in five years, the situation will change dramatically.

Bitcoin and fiat currencies

New top cryptocurrency ranking

There is a good chance that the ranking of cryptocurrencies by market capitalisation will change radically. Projects like Ethereum Classic (ETC) will be pushed out of the top positions due to lack of hype, and new and more promising startups will take their place.

Some Stablecoins will fade into history and new ones will take their place. Cardano may lose its leadership due to low activity of project developers, Etherium will split into several coins and so on. It is almost impossible to accurately predict the changes at this point, but they will definitely happen.

As a proof of theory, it is worth looking at the ranking of top coins five years ago. Here it is.

This was the top ranking of cryptocurrencies by capitalisation five years ago

The development of the industry over the years has proven to be incredible.

The cryptocurrency market will be fragmented by region of the world

Cryptocurrencies are global by default, but they are not immune to the influence of individual states. A state always has the advantage of the influence of financial regulators. A number of regions, represented by the US, EU, China and India have already introduced or are threatening to introduce serious regulation of digital assets.

The power of Bitcoin

The factor of international competition can also play into the transformation of the crypto market. For example, when the Russian Federation came under harsh sanctions, some crypto projects started restricting Russian users’ access to their services or even blocking their funds. In the future, this scenario could be repeated for China, for example.


We believe that five years in the cryptocurrency industry is an extremely long period of time, during which a huge number of new trends and areas within the coin market can emerge. Still, in 2017, no one was talking about decentralised finance, and the NFT niche was pretty much limited to cryptocurrencies alone. Whatever the fate of these predictions, there is certainly no doubt about the intense development of digital assets.


What do you think about it? Share your opinion in our Millionaire Crypto Chat. We’ll talk about other popular topics from the blockchain world there, too.