Does crypto and blockchain technology really have a strong future if everything still depends on price action?
Can the tech grow and be adopted long-term even if the hype and price go down? Or is it all just tied to market cycles forever?
It should have, because if there's none, then we are just involving ourselves in a Ponzi scheme and HYIP. The reason the industry is robust is due to the existence of various use cases in blockchain technology.
But we cannot ignore the fact that we have sectors in the industry that are profit-driven so we see shit projects getting pumped because there are so many investors are gambling with this kind of project.