There is too many chains and coins.
When i want to send money to someone i always end up paying with USDT tron chain when i pay my telegram signals memebrship fee always with USDT.
No matter how much USDC pushing it people tend to use USDT still and when i pay to my partners or exchange money they all use USDT tron.
Because of meme coins SOLANA is second chain i don't use btc at all first i have to ask what's the btc for ?
I don't use eth either it's grazy High fees and it's slow.
I would use xlm or xrp but anyone who I deal they use USDT tron.
We have so many blockchains and coins and they don't find use case tron has now number one utilty it's holding number one payment method on tron chain.
Ada dot matic and all the others and ltc....i even can't Understood why we need those ?
When i want to send money to someone i always end up paying with USDT tron chain when i pay my telegram signals memebrship fee always with USDT.
No matter how much USDC pushing it people tend to use USDT still and when i pay to my partners or exchange money they all use USDT tron.
Because of meme coins SOLANA is second chain i don't use btc at all first i have to ask what's the btc for ?
I don't use eth either it's grazy High fees and it's slow.
I would use xlm or xrp but anyone who I deal they use USDT tron.
We have so many blockchains and coins and they don't find use case tron has now number one utilty it's holding number one payment method on tron chain.
Ada dot matic and all the others and ltc....i even can't Understood why we need those ?
It is all about money. We only need one or two scalable blockchains to handle it all. The main issue is that cryptocurrency is evolving these days with so many people are seeing this as a way to make money instantly. It has become an easy way for you to receive millions of dollars in funding from large companies, it's kinda different when it was going through another way like create your real business then listed on the stocl market. It does require various requirements like financial report every year. This is why so many parties are competing to build as many blockchains as possible caused by how easy the company to issue their token that priced the same as shares.
I don't even doubt it because cryptocurrency is the simplest way to make money as long as you're capable of building your own blockchain then you can easily become ceo. You got funding and became CEO of your company, which created a new blockchain and this is how blockchain busness is working right now.
You only need a few blockchains, but it is not limited to you. People nowadays place a high value on money. That is their main motivation for building as many blockchains as possible. Basically, they all have the same concept, but it has been repeated numerous times.
VCs prefer to fund them because they can use the tokens issued by these developers to target retail investors then dump them all. i have been seeing so many times how the price dropped so hard after VC was dumping their tokens. That is why the cryptocurrency market works today. It's just a money printer for some people to keep give them millions every month through dump their tokens.