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?
I think that only the ICO hype is over. Blockchain and crypto are a utility which they would remain until a lot of time. But the phase where everyone thought they could become rich merely by sending some money to a crowdfunding is over. Moreover it's over in a very bad manner as most of the ICO owners just took money from people and never made their ICO projects. They have just been involved in making social media hype and delay their beta versions every 3 months. I haven't seen a single ICO which have published their whole project which they showed in white paper while most of the projects actually promised to deliver results by end of the decade. It really is pretty sad to see ICOs ending like this. 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?