One of the major functions I see crypto having is its ability to be used as a form of currency used in conjunction or even replacement of fiat.
There are currently signs of crypto prices bottoming as BTC fell to as low as $19k last week and bounced back over to $21k. In general crypto prices have either flat line or risen in recent days. Yet there are some troubling signs for crypto.
For one there are simply last users interested with the recent drop in price. Without demand the prices will likely continue to fall. The demand not only has demand fallen but it also effects the prices.
The drop in price is also factoring on applications of crypto. With less demand there is less applications for crypto. Moving forward it is important to see how much drop or rise in demand and in turn its uses.
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
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