There are cycles in every industry, but the hype cycle in the crypto industry is second to none. In 2017 there was the ICO phase, which saw tens of thousands of cryptocurrency projects launched. The vast majority of them failed and never recovered their all-time-high price from that era.
Then we saw the rise of DeFi (decentralized finance), with oman whatsapp number data tokens yielding 10,000% APY or more.
For a brief moment, there was big interest in DAOs, when a group of individuals tried to buy an original copy of the US Constitution.
Most recently, there was a spike in interest in Web3, which seems to have died out after just a two weeks.
Long term, I think the concept of NFTs may have some value, somewhere but I don’t think the current version of “rare apes” is going to last long. I think the current iteration of NFTs is just the next hype cycle. Will you get out before the crash?
There are cycles in every industry,
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zihadhosenjm40
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