Some time ago I invested in cryptos that are not a digital cash as their main funtion, but they are mostly app building, smart contracts blockchains.
Im talking here about stuff like FCT, ETH, Lisk.
So we got like more companies using their blockchain technology, more contracts, they are getting more popular.
But I was wondering what actually gives them value?
Let's take a look at Ripple. Does the fact that some huge banks will use it change anything? I think it still has no value for ordinary people.
If some huge company, like for example Twitter is going to start using NEM blockchain, price of XEM will go astronomically high. But it changes anything? Twitter won't be using XEM coins anyhow.(I know it's kind of different example but you get the point)
So coins like this hold any value for us? I think the most of the price is made by single small investors, traders, and not by companies implementing mentioned blockchains or building contracts. Do we buy them just only for speculation or long term investment?
I wanted to know what you think about this guys.
I know that I might be missing something so share your thoughts.