These 3 cryptocurrencies could predict the future of money

As the continued rise of a galaxy of various cryptocurrencies shows, which coexist in addition to the fiat currencies distributed by the governments, money is no longer what it was once. When it comes to buying goods and services in the real world, there is of course still no replacement for cash, so that your most important value replacement will not disappear.

But there are enough reasons to assume that in the near future, in just a few years, you will have a much more comprehensive idea of ​​what money really is than you think about it today. Let us discuss three of the cryptocurrencies that symbolize these changes so that they are willing to think forward.

1. Bitcoin

With Bitcoin‘S (BTC -6.26 %))) Although the reputation as a “digital gold” is quickly strengthened, it is the perfect example of how the idea of ​​money as a form of value storage changes changes to the fact that it is tied to fluent and less physical objects.

Most people would describe physical gold as value preservatives. Apart from the fact that it is glossy and rare and has to be broken down and refined, it is useful as a metal in many applications, among other things for the production of important objects such as smartphones, but also for frivolous objects such as jewelry. It also has a very long history of being considered valuable in many different cultures and epochs, which is why it has a reputation to preserve its purchasing power over time.

With the prevailing market price of around $ 2,751, the global market capitalization for gold is around $ 18.4 trillion. The market capitalization of Bitcoin is currently almost $ 2.1 trillion.

Now take a look at this diagram:

Bitcoin price data from Ycharts

Do you see where that leads?

Bitcoin’s market capitalization will probably swap with that of gold at some point and could get much larger. This does not mean that gold becomes worthless. It only means that the higher convenience of Bitcoin as value preservatives will lead to a higher demand for Bitcoin.

This is not about selling gold. It’s about buying Bitcoin, since it will ultimately grow more slowly, such as the gold price and will save the value for long -term purposes instead of increasing it like a more typical portfolio investment.

2. Solana

Solana (SOL -12.83 %))) You can also teach investors a lot about what becomes money. The chain is useful for everything, from the decentralized financing (Defi) to the embossing not fungi token (NFTS), speculation with meme coins and interaction with other blockchains to bridge services.

Therefore, it is suitable as a transmission medium between parties, as a value storage medium and can also be used directly to achieve a benefit in different ways. Most of these characteristics are similar to those of traditional currencies, especially gold. But there is more than that.

By investing in Meme coins, Solana owners send a signal to the market which ideas (memes) will be more valuable in the future-further spread and accepted. This information is, at least so far, mostly dubious, but that doesn’t mean that it will always be the case.

In addition, owners can also use Solana’s meme coins to signal their own identity and belonging to others; After all, people probably don’t want to invest in meme coins that represent values ​​that collide with their own. This is a completely new addition to the concept of what money is and it just starts to bloom.

Buying Solana is a good way to benefit from this trend.

3. Dogecoin

Dogecoin (Doge -13.14 %))) is the last example that describes a possible future of money. While Dogecoin is simply the first meme coin on the superficial level that comes out, there are profound effects on their further survival.

For most people, it is not much fun to have dollar grades in their wallets or cash on the investment account. The biggest fun factor of money follows from its ability to offer them things and experiences that they enjoy. And although it can be fun to achieve a high return with a speculative investment, more people tend to be annoyed by volatility or the high risk of a loss.

But if you have recently spoken to a Dogecoin investor, you can see a shimmer of the idea that money can be enjoyed by nature. At the same time, there is the possibility of a large profit (or loss). Creating or consuming silly memes via Dogecoin is simply not very invigorating, unless you have a justified financial interest in the price increases. But if you have many Dogen tokens in your wallet, it can be very entertaining in a way that seems inexplicable for others who are not invested.

Essentially, Dogecoin is proof that the concept of money in the near future could be seen as the possibility of creating fun through investments, which is conveyed by the potential for great profits. In other words: expect that the act of mere keeping money and the decision about where to invest are by nature more emotional than they are already.

The food to take away? Those who can control their emotions and orient themselves in the long term will benefit.