What's Next For The Crypto World

I think everyone can agree that the blockchain is here to stay. However what blockchain that is seems to currently be under a major battle. Let's dive in and take a look at a few of these chains and all the potential paths forward for them.

*Disclaimer: I own some or all of these assets as an investor. Do your own research before investing and take responsibility for your own actions. This article is for entertainment purposes only.

The NFT Boom

One thing the NFT boom has shown us is that it's here to stay. It's only been somewhat implemented as well as high fees on the Ethereum network really stopped the major growth of the NFT world. This is pretty much the exact replay of 2017 where high fees stifled growth.

With the implementation of more NFT and side chain platforms the next boom should do very well and I don't foresee anything holding it back really. Scalability has always been the downfall and stop gap to Crypto adoption but after all of these years we may finally be breaking through that.

We have seen a number of these off chain platforms start growing in market caps such as
Polygon (MATIC) , Poladot , Cardano and Solana as any of these are potential overtakes for NFT or at least off putting the high transaction fees for the Ethereum blockchain.

However keep in mind that most (but not all) of the cryptos listed above are in fact layer 2 tokens of Ethereum and because of that value does get pushed back into Ethereum from these tokens and their transactions. What gives real value to blockchain and these cryptos are the fees collected from minting and doing transactions on the system. As more and more use cases start to evolve so to with the price evolve with it.

Companies Buying In

We have also seen major companies buying into crypto assets and even that of large cap investors as well. In fact Coinbase recently announced it will be investing another 500 Million into buying crypto assets.

As more companies by these assets they start to research, explore and also have a vested interest now in increasing the price/value of the crypto asset. Because of this it will spark even more innovation from companies who will be able to fund large scale projects.

Blockchain In General

The real value of crypto is the blockchain in general. Each new cryptocurrency starts to bring in unique features and assets that grow and evolve that blockchain. The blockchain itself is FAR from what it was when bitcoin first came to be and much of the innovation has only happened in the last 2 or 3 years which to me says we are still at the very early stages of all of this.