The biggest problem with cryptocurrencies these days is because of the negligence of projects to make their coins useful, there is no longer a concern about cryptocurrencies being accepted in commerce around the world, now the fashion is to buy low and sell high… Evidence of the lack of concern for utility is the high transfer rates of many cryptocurrencies.
Let’s look at the top 10 cryptocurrencies in the table below:
| Name | decentralized | Fee |
|---|---|---|
| Bitcoin | Yes | High |
| Ethereum | YES(?) | HIGH |
| Tether | NO | IDK |
| BNB | NO | LOW |
| USDC | NO | IDK |
| XRP | NO | VERY LOW |
| Solana | NO | VERY LOW |
| Cardano | YES(?) | MED |
| BUSD | NO | MED |
| Dogecoin | YES | MED |
(?) There are people that if they leave, the project can die
It must say that out of all these coins only Dogecoin¹ I have ever used it for anything in the real world. Maybe I should try Bitcoin's Lighting Network… Because I don't have the courage to pay a high fee on small transactions.
¹I used Ethereum a long time ago.
Anyway, I must say that everything we do in the real world we need to convert cryptocurrencies into cash and that makes the price of coins only fall, who knows El Salvador is the savior of cryptocurrencies.
I must say that with all that has happened with Luna, I am seriously considering buying btc instead of stable coin. Maybe it's time to ditch stablecoin and go btc only.
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I think is just a question of patience and diversity across the different markets.