Cryptos have had many crazes all over the years. First, it was Bitcoin appearance.
right after that, there were the altcoins and soon after the ICOs, IPOs and all the O's thingy craze. Afterwards the PoS and stacking craze came to play and then smart contracts came around then the DAO Blow. Then the Cexes, the Dexes and right after that, we saw NFTs rise along with the metaverse. (I'm probably missing something). Now we just had the Merge.
Many of these phases have helped the crypto market achieve new highs and led the blockchain technology to go mainstream.
A lot of developments have been a part of the industry growth, so my question here is, what do you guys think will be the next craze in the industry?
right after that, there were the altcoins and soon after the ICOs, IPOs and all the O's thingy craze. Afterwards the PoS and stacking craze came to play and then smart contracts came around then the DAO Blow. Then the Cexes, the Dexes and right after that, we saw NFTs rise along with the metaverse. (I'm probably missing something). Now we just had the Merge.
Many of these phases have helped the crypto market achieve new highs and led the blockchain technology to go mainstream.
A lot of developments have been a part of the industry growth, so my question here is, what do you guys think will be the next craze in the industry?
I think the next big thing in crypto will be second-layer scaling solutions. Especially on popular cryptocurrencies such as Bitcoin and Ethereum. Things may've settled a bit because of the bear market, but you can bet interest into Layer-Two scaling solutions will increase once people get back into the crypto/Blockchain bandwagon (probably by the next Bitcoin block reward halving). You can see how recently VISA became interested in Starkware's L2 scaling solution for automated payments. To enable mass payments worldwide, crypto needs to scale off-chain. L2 scaling solutions are the answer to this problem.
I believe tokens of underlying L2 networks will increase in price within the not-so-distant future. I'm talking about Arbitrum, Optimism, and a few other networks with their native tokens. Imagine DEXs, NFTs, and even ICOs using the power of L2. Crypto will reach the mainstream like never before. Who knows what the future holds for the industry? Just my thoughts
