Death of Altcoin: What Comes After the Storm?

Most importantly, the investments have been made in alternative currencies (altcoins), which are now (like four years ago) running out of air. At these stages, the market realizes that many of the altcoin projects are of no real use. For example, interest in a computer game’s NFTs tends to zero if no one plays after the hype anyway. In some areas, NFTs have a raison d’ĂȘtre, but investors have often not adequately investigated it.

What is the next hype about?

This hype phase was particularly marked by Web 3.0 and NFT. Many projects that have advertised themselves with these keywords have been able to generate large sums of money and even famous stars like Madonna, Johnny Depp and Snoop Dogg have published their own NFT collections.

The previous hype phase, on the other hand, was more about the blockchains of alternative smart contracts, in which systems such as EOS and Cardano were born. The question now is what the next hype phase will relate to to position you accordingly with this economic entry point.

Bitcoin is the epitome of decentralization that the entire market is geared towards, and the much-criticized disadvantages are solved piece by piece by the Bitcoin network. Energy consumption is consistently supported to a greater extent by renewables and transaction fees are negligible thanks to Lightning.

Meanwhile, smart contracts and more complex tokens should also be enabled on the Bitcoin blockchain. Projects based on this are therefore the most promising candidates for the next stage of hype.

For example, the SavAct developers plan to connect the system to the Bitcoin blockchain. They have already spent months linking EOSIO and Ethereum-based blockchains with the aim of a public offering on decentralized exchanges of the Binance blockchain by the end of this month.

SavAct’s advantage over the crypto ecosystem has already been described in two articles (Fraud Protection and Influencer Funding), which received unusual support.

Bitcoin’s now-started resting phase is seen as quite positive by developers, so SavAct’s application area can be expanded until the next bull run. The focus is particularly on developing and emerging countries.

future of developing countries

While Europeans are slow to realize the benefits of cryptocurrencies, people in developing countries tend to trust cryptocurrencies rather than their home currency. With the current inflation rate, things may look similar in Europe in a few years’ time. Currently, one in ten people in Germany own cryptocurrencies, while in Nigeria it is already one in three people.

In developing countries, on the other hand, payments tend to be made in very small amounts. These are so small that, for example, buyer protection in retail is not worth it. The fees incurred for this are so high that they gobble up most of the payment. It is mainly people in low-income countries who need to protect themselves from scammers.

Again, SavAct’s potential to provide people with free fraud protection when making cryptocurrency payments is demonstrated in everyday life. Whether it’s a farmer who orders fertilizers in the neighboring village or a farmer who wants to sell coffee to the world. Ultimately, this market has an amount of three-digit billions and with the payment system developed, the life of the local population is considerably safer and cheaper.

Anyone wishing to get involved with SavAct can find the team in the public Telegram group. The advantages for industrialized countries have already been reported in this article: The creation of cryptocurrencies in online trading.

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