I think we can safely say that cryptocurrency is officially mainstream and the world of 2021 for crypto is a lot different than it was in 2018. There are a lot of dapps out that are working with hundreds (if not thousands) coming in the months to come. No longer is it a space of promises but now an exciting growing space with opportunities popping up by the day. Bitcoin is now owned by big investors and a country while the financial space is being upended by defi. There is still a long way to go and the space is early but it has finally gotten a footing that won't be shaken. The price might have another big dip like in 2018 but the space is not going anywhere.
If you watch the markets and bitcoin you will see that they are moving somewhat in sync. A lot of big firms have bitcoin on the balance sheet and the NASDAQ is getting tied to cryptocurrency and the tech. Market sentiment has bleed into both markets. You have big names like Saylor who tweet of their dip buying by millions and El Salvador that declared that bitcoin is an accepted currency there.
I'm seeing a lot of coverage for crypto and things related to it on the news and in commercials. Bitcoin is now a part of the conversation. No longer is it mentioned as a passing fad but a part of finance that investors are paying attention to. You will see it more in tvs shows and movies and now it is mentioned in passing by a character like it isn't something new.
New dapps are getting released everyday that are easy to use and are attracting millions of users. No longer are we waiting for working applications like we were in the past. There are more releases coming out every week and it is difficult to keep up in the space with new projects. Not only do you have a lot of dapps on one chain but there are now several dapps that have a growing user base.
Despite how far we have come there is still a lot of room for growth. Chains are still battling to see which one will bring in the most users. Ethereum is still the king but high fees have lead to new competitors entering the market. You have side chains that are keeping ETh on top but even those are competing with each other. I think there is room for more than one but we are still in the stages where people are getting used to different networks. After that there is the release of millions of dapps in a space. This is a space where there is no limit to how many successful projects can be released. This is where you will really see a explosion of users in the space and people around the world getting involved. You are seeing projects comes out that are very user friendly that work on a blockchain and the technology will only get easier to use as the months go.
We are getting to the point where the network will be a part of the background and the quality of the dapps being built will be in the forefront. This is when you will really see the space thrive as it will no longer by about the hype but the quality. But either way the hard work of getting passed the fad stage is done and it is only matter of time until we see what shape the world of crypto takes.
