Crypto & BlockChain Technology is Too Big to Fail Long-Term

avatar
(Edited)

I asked somebody a couple of days ago that if one is looking into investing in crypto this period what will be the best coin to buy? and he replied very fast Bitcoin. Bitcoin is security. I'm sure you've heard that so many times. when we see the bear market we realise that so many projects are tapping out.

So many projects have failed because of many reasons. The whole crypto market capitalisation reduced from about 3 Trillion to below the $1 Trillion mark. It is crazy because not many predicted it or should I say no one predicted it. because if someone did, I'm sure that person will be up by a million gains using leverage trading and that's the beauty of the whole thing.
It Is so bad. and if we should be talking about recovery, not all projects will stay the same.

In my last post, I talked about how important it is for us to build on the Hive and how upcoming web3 projects would be important during this period.

20220621_050547_0000.png

Image by Tumisu From Pixabay


Market Watch:

Hive has been doing well price wise compared to Bitcoin. We can see some percentage increase in today's market which makes the fear index come down a bit. yes, we all know that many whales would be happy to get bitcoin below the $ 20,000 Mark. Truth is, are we sure of anything? many predicted bitcoin coming down to as low as $10,000 levels which is still possible, however, I don't see that happening.

The Drop-in Crypto Prices Doesn't Mean The End Of Blockchain Technology-Based Projects by @lebah

This blog explained why we need to focus on building and ignore of FuDsters. We can see that not many projects are going to survive and we are lucky to have something that works. We have a system that works hive work.


HBD Vs Other Stablecoins

When Bitcoin started a slow recovery from the $19,000 levels, we saw a lot of coins following off. but just like the image depicted below, we can see something fishy going on with TRX!

Screenshot_20220619-175722_Binance.jpg

Just a month after TerraUSD lost its peg against the US dollar and crashed the global crypto markets, another stable coin threatened to repeat the story once again this month. Source

TRX was struggling or still having a downtrend and as many people that follow the situation, you will know TRX helps the somewhat establish coin stable, and it recently almost got pulled away, similar to the LUNA and UST situation.

A 2 billion investment help to somewhat stable the price of USD, but for how long!

how long can it last when there is a CEO or somebody that controls how this works?

when I could take a look at this situation critically, I realised how fortunate we are to have HBD which is backed by a hive.

So it may not be clear to the world yet but we have a system that works and the system is still growing we are the builders and we are also the ones that would benefit from it.

so we can all keep growing and keep it at the back of our minds that crypto and blockchain technology is Too Big to Fail!

Posted Using LeoFinance Beta



0
0
0.000
3 comments
avatar

You are absolutely correct bigger than we can imagine. Russia just integrated blockchain technology to replace SWIFT payment which it was displaced for it's action against Ukraine.

Posted using LeoFinance Mobile

0
0
0.000
avatar

You are right that crypto and blockchain have grown so much that they can't be stopped! And not just price-wise and with "locked" money inside it, but with all technological developments in different blockchain, securities, etc...


I have picked this post on behalf of the @OurPick project and it will be highlighted in the next post!

Comment Footer.jpg

Posted Using LeoFinance Beta

0
0
0.000