Saturated ? I guess NO.
The crypto market still has plenty of room to grow. With the blockchain technology evolving and many people getting started to identify it's true abilities there are new potential projects which comes every few years. I am not talking about shitcoins and dead projects but potential projects which are still there in the crypto community and growing every year. If such new projects are coming up every few years how can the crypto market be saturated.
Every project takes time to grow. There's a long road ahead.
The crypto market still has plenty of room to grow. With the blockchain technology evolving and many people getting started to identify it's true abilities there are new potential projects which comes every few years. I am not talking about shitcoins and dead projects but potential projects which are still there in the crypto community and growing every year. If such new projects are coming up every few years how can the crypto market be saturated.
Every project takes time to grow. There's a long road ahead.
That's certainly true, mate. A large number of crypto projects will definitely help in the advancement of Blockchain technology. Several developers will be testing out new features in order to make crypto land a better place. Now in terms of an specific cryptocurrency surviving in the mainstream world, it totally depends on how many people support it. If the coin doesn't provide real use cases for everyday people, it'll be doomed in the long run. It's all about mainstream adoption than anything else. I think that with many coins and tokens on the market, the competition will increase. This brings a healthy ecosystem, bringing Blockchain technology to new heights.
While the majority of coins will simply die in the long run, some of them will survive for many generations. Bitcoin, Ethereum, and a few other cryptocurrencies on the market will last for long because of their constant development and innovation, while focusing on real uses cases for the mainstream world. It's not about making money, but rather how useful a cryptocurrency is for daily payments. As you've said earlier, there's a long road ahead. Considering that it's been 11 years since Bitcoin's inception, this may only be the beginning of a long and fruitful journey towards unparalleled mainstream adoption of crypto/Blockchain tech in the mainstream world. Just my thoughts
