Quote from: bryant.coleman on September 08, 2020, 05:15:11 AM

The prices are going up solely due to the DeFi hype. it will crash once again, if DeFi flops. And we are already witnessing signs that not everything is well with that sector. If the prices were going up as a result of ETH 2.0 or any other development, then I would have been happy. But that is not the case. ETH 2.0 rollout is in dire straits now and there is a lack of clarity regarding it.

Exactly. I believe that COVID-19 has brought massive hype towards crypto/Blockchain tech like never before. Since the world's economy is falling, people are resorting to alternative currencies that are independent from the traditional banking system. "De-Fi" has become extremely popular due to the many features it provides to the "unbanked". There's no need to go through KYC/AML to get access to the world of crypto, bringing greater accessibility to all. I'd expect crypto to become even more popular after COVID-19 once governments launch CBDCs of their own. Considering that it'-s been only 11 years since crypto came to the world, I'd say this is only the beginning. Of course, there are many issues (like scalability and privacy) that need to be addressed if crypto wants to stay ahead of the game. As long as developers and the community work together to make crypto land a better place, nothing should go wrong.

Given that we're still in a period of uncertainty, anything could happen after the demise of COVID-19. Crypto could go even higher in price or back to its pre-COVID prices on the market. Major blockchain networks like Bitcoin and Ethereum would need to adopt scalability solutions in order to bring as much people as they can. The Ethereum development team have been delaying scalability upgrades for quite some time now, making people desperate. If the trend continues, ETH might lose its position on the market by an alternative smart contract platform. At least, crypto's decentralized and open source nature will help it remain resilient against negative events in the mainstream world. COVID-19 or not, crypto has effectively won the battle by providing a "Peer-to-Peer Electronic Cash System" for the whole world to enjoy. And that's what matters. Just my opinion