This new digital currency model will destroy cryptocurrencies market
I've heard a lot of it since I was new to crypto. There have been projects that thought the same of targeting the crypto market and blockchain saying that they're the killers of it. But right now, where are they? I even forgotten their names and the projects that have tried to kick out these two but they did nothing.
Some very high level entities have backed it.
It is still at the early stage of development.
But I think it is going to destroy the cryptocurrencies market in near future.
Do you think so ?
If that's what you think, let's see. But IMHO, many I have seen already these models and projects that tried to dethrone blockchain and crypto. While they're at an early stage, for now, let's see if that's going to work. Otherwise, this is another buzz project that are making people gullible that it's doable.
Would be very hard for a newcomer to compete with the current crypto market. Many will claim to be the best, but we all know where they will end up with. Most of them will be abandoned after few months of launching or else, once the dev team pocketed some money, they will disappear without warning.
Even if we say top or known personalities are behind on this, we can't guarantee if the public will patronize such project.