With ever-declining prices on the crypto market since 2018, there has been a decline in the number of ICOs and the emergence of new crypto projects within the mainstream world. 2017 was believed to be the golden year of crypto and Blockchain technology as people invested massively across the market. Crypto startups, companies, and businesses have been largely successful since then. Due to the hype, we've seen many projects come up with a Blockchain solution for nearly anything in life. But the truth is that Blockchain is not needed for absolutely everything.
It's today, and there seems to be a decline in crypto interest among people in the mainstream world. The number of crypto startups and companies have been reduced too. Does this mean that the crypto/Blockchain hype is finally over? Or is it still going on?
What are your thoughts?
It's today, and there seems to be a decline in crypto interest among people in the mainstream world. The number of crypto startups and companies have been reduced too. Does this mean that the crypto/Blockchain hype is finally over? Or is it still going on?
What are your thoughts?
For me what you call hype is what i would call a bubble, many people compared To the 2000 internet bubble, where it become the far West and everything possible, the limits of the system not being Well known, and people build huge expectations and everyone want to take their chance, and many start up Will exploit that.
I heard many times in past years that the previous period is just going to be a huge waste of time and monney, but that crypto are still going to take ground even if only a few will stay in the end.
Like there is going to be a crypto 2.0 like web 2.0, and at least we are going to see some system that will develop using blockchain and crypto in the next years, even if Its probably going to take some time.