I've tried to think a lot about it. In some respects despite having this somewhat large $4 Trillion market cap and a lot of attention we still aren't seeing a huge investment into Triple A Games or an immersive virtual ecosystem like Second Life where people could earn crypto.
Then I think the attention is getting spread out enough and a lot of people don't have extra money to throw at all the various ways for them to gamble. I really hate to put crypto in that boat but for a lot of people it was a way to gamble. A lot of people got washed out at various times and have gotten washed out of sports betting and now they are getting washed out of stuff like Kalshi and Polymarket. https://kalshi.com/
I think crypto could really position itself to benefit from the rise in precious metals. There isn't a lot of DeFi plays for Gold and Silver on various chains. Tether Gold and Paxos Gold are mainly on Ethereum and not across other chains.
In general people are hurting from all the inflation.
I am legitimately concerned by this pattern I noticed with all these. Telos is the same way. Good tech and some of the memes that enjoyed some success just getting crushed.
People around the world are getting pressed hard with job loss, stagnant wages, and out of control wages.
I have my thoughts on what chains like HIVE and ICP should do but the opposite typically occurs. Prices sag and those in control clinch up in self preservation.
There is certainly the possibility the prices end up looking way oversold and it ends up looking very juicy for big money to pump it all hard.
I've tried to think a lot about it. In some respects despite having this somewhat large $4 Trillion market cap and a lot of attention we still aren't seeing a huge investment into Triple A Games or an immersive virtual ecosystem like Second Life where people could earn crypto.
Then I think the attention is getting spread out enough and a lot of people don't have extra money to throw at all the various ways for them to gamble. I really hate to put crypto in that boat but for a lot of people it was a way to gamble. A lot of people got washed out at various times and have gotten washed out of sports betting and now they are getting washed out of stuff like Kalshi and Polymarket. https://kalshi.com/
I think crypto could really position itself to benefit from the rise in precious metals. There isn't a lot of DeFi plays for Gold and Silver on various chains. Tether Gold and Paxos Gold are mainly on Ethereum and not across other chains.
In general people are hurting from all the inflation.
I am legitimately concerned by this pattern I noticed with all these. Telos is the same way. Good tech and some of the memes that enjoyed some success just getting crushed.
People around the world are getting pressed hard with job loss, stagnant wages, and out of control wages.
I have my thoughts on what chains like HIVE and ICP should do but the opposite typically occurs. Prices sag and those in control clinch up in self preservation.
There is certainly the possibility the prices end up looking way oversold and it ends up looking very juicy for big money to pump it all hard.