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?
I'm afraid not.
There are many financial indicators which shows the world economy is still moving deeper into economic recession. And global events are not helping it. This certain rise of last week could be a bull trap, bitcoin reaching 23k from 18 and trying to hold over 22 for some time now. If my prediction are right, the price of bitcoin would still test the resistance of 18k before going to another bull run in the future. And the bull run doesn't seem to be coming at least the next 6 months.