For some reason, Elon Musk stopped tweeting about DOGE and even Bitcoin, making people lose interest in crypto these days. Add to this the China miner ban, and regulatory action against Binance exchange and you'll see why the market hasn't gone up that much within the last 2 months (approximately). Bitcoin is still struggling to reach a new ATH, while ETH doesn't get past $3k per coin.
Sometimes I wonder if the crypto hype is over. "De-Fi" and NFTs are still a big hit, but interest/demand seems to be slowly declining. I'm guessing the next Bitcoin halving will "revive" the hype. But there's no guarantee this will happen since crypto behaves in many strange and bizarre ways.
Do you think the crypto hype is over? If not, why? Your input will be greatly appreciated. Thank you.
why are you only considering Btc and Eth? These are outdated technological solutions. Btc has not been decentralized for a long time and it is absolutely insolvent cryptocurrency, just a crowded old cart. Eth still has huge technological potential, but its congested network urgently needs help in the form of cross-chains like Solana, Matic, Near Protocol. Thanks to their perfect blockchains, they will eventually take Eth completely out of the market by offering better services to their users. They also help unload the Eth network by transferring erc-20 into the ecosystems of these projects. You can see that the schedules of these projects live their own life, separate from Btc and Eth, which is undoubtedly a huge plus, which means that the platforms are used and people find interest in them.Sometimes I wonder if the crypto hype is over. "De-Fi" and NFTs are still a big hit, but interest/demand seems to be slowly declining. I'm guessing the next Bitcoin halving will "revive" the hype. But there's no guarantee this will happen since crypto behaves in many strange and bizarre ways.
Do you think the crypto hype is over? If not, why? Your input will be greatly appreciated. Thank you.