Vitalik Buterin Announces 3 Big Opportunities in Altcoins!

Vitalik Buterin Announces 3 Big Opportunities in Altcoins!
0

Vitalik Buterin, co-founder of Ethereum, shared three “huge” opportunities in crypto that are now unrealized. Certain altcoins in particular attracted attention in these areas. Here are the details…

Vitalik Buterin expects a revolutionary wallet

Vitalik Buterin announced the next three big opportunities in crypto in a recent affiliate program. According to Buterin, these are “mass wallet adoption, inflation-proof stablecoins, and Ethereum-based website logins.” In an interview with Bankless co-owner David Hoffman, Buterin responded to Hoffman’s comments that the “wave of adoption” for decentralized apps is now over. He shared his prediction for the crypto industry in 2023, responding to Hoffman’s concern that there are “less opportunities” for developers to come to the arena.

vitalik buterin

Buterin shrugged off the “period of uncertainty” that Hoffman had avoided, and suggested, first, that more improvements should be made to the wallet infrastructure to make cryptocurrency easier to use for ordinary people and to enable it to attract billions of users. “If you can make a wallet that a billion people will use – that’s a huge opportunity,” the Ethereum co-founder said.

Let you be the first to know about crypto news by following our Telegram channel!

Stressing the need for a strong stablecoin to counter inflation

Second, Buterin said it would be revolutionary for the branch to create a stablecoin that is strong and globally accessible to hyperinflation that can withstand any conditions both on-chain and in the broader macroeconomics. Buterin used the following words:

If you can make a stablecoin that can truly withstand anything, including hyperinflation […] this is a great opportunity if you can create something that will feel like a lifeline for anyone going through this one-on-one.

Vitalik Buterin Announces 3 Big Opportunities in Altcoins!

Buterin did not offer any random technical proposals on how this could be achieved. The largest stablecoins are Tether (USDT), USD Coin (USDC), Binance USD (BUSD), True USD (TUSD), and USDD.

Vitalik Buterin hopeful for Ethereum-based internet

Finally, Buterin said that any technical development that contributed to Ethereum getting its login authorizations from Facebook, Google, Twitter and other centralized monopolies will eventually enable Ethereum to gain greater market dominance in internet-based applications. Buterin used the following terms:

If you can sign in with Ethereum to work and overthrow Facebook, Google and Twitter as the ‘login masters’ of the internet, that would be a great opportunity in itself, right?

Vitalik Buterin Announces 3 Big Opportunities in Altcoins!

Market opportunities are less obvious now

Buterin noted that due to increased competition and the maturation of the market, the opportunity to fill market gaps has become less obvious. The Ethereum co-founder has spent the last few weeks sharing his learnings and advice for the crypto space, including his optimism for the industry for the coming years. On December 5, Buterin stated that blockchain-based identity, decentralized autonomous schemes (DAOs), and hybrid applications also make him excited about the future of Ethereum and decentralized technologies.

Currently, the most recognizable altcoin in terms of identity stands for Litentry (LIT). Then come cryptocurrencies such as CVC, SYS, KILT, KEY. In the field of DAO, projects such as Lido DAO, Curve DAO, Maker DAO and BitDAO stand out.

Vitalik Buterin Announces 3 Big Opportunities in Altcoins!

A few days ago, on Dec. 3, the Ethereum co-founder reiterated the value for traders to take a long-term perspective, focusing more on technical developments than price. In the wake of FTX’s collapse, Buterin advised traders and investors on November 21 to assess the level of human influence on a protocol and to trust open and transparent code more than humans.

Click to rate this post!
[Total: 0 Average: 0]

Join Our Newsletter

Sign up for free now and be the first to know about new updates.

Write a Comment