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Blockchain(s) is a company for the masses by the masses

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@funtraveller
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3 min read

I was browsing through different crypto projects in Coingecko and noticed that many of them are under the 100M market cap. There are about 6120 coins listed in Coingecko and there are only 138 coins that have a market cap above 100M, which accounts for 2.23%. That's considerably small in comparison to the real value that these crypto projects bring to the world.

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If we are to combine all market caps of all cryptocurrencies, it's less than 0.7% of the world's money. That's a tiny fraction if you ask me.

Is cryptocurrency not popular?

According to a survey conducted by Kaspersky, they found that 1 out of 10 people understand how cryptocurrencies work. So, based on the survey we can say that 10% of the world's population know about cryptocurrency. That's almost 17% of the people who have internet access.

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I'm basically connecting dots at this point. And I'm making a rough analysis of the data that I gather from the internet.

But I feel that you are already getting it...

Case in point, it seems that BTC or cryptocurrency, in general, is not popular enough. I guess the data is outdated considering that the new BTC rally was only a month ago. The recent google trends are mostly dominated by Coronavirus, politicians, personalities, and coffee.

Side note. Someone created Coffeecoin in 2018. It's probably one of the ICOs back then. It's no operational and it's considered a dead crypto project at this point.


BTC ranked #2 in 2017 Google trends!

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2017 was the golden year of Bitcoin. It ranked 2nd in Google trends under the global news category. That was the year when BTC reaches an all-time high and it was when the ICO craze happened.

The years after that (2018-2020), BTC went silent and out of the top 10 ranks. The 2021 Google trends list is not yet available. But I do have a feeling that BTC will be in the top 10 this year.

Now that the institutional investors are getting involved, the people are having a different perception of BTC and cryptocurrency in general. More and more people are looking at it as a form of asset and not just magic internet money or scam anymore.

I presume that in another decade, cryptocurrency will be a widely accepted asset or a global currency. And many will realize that they should allocate a portion of their holdings to BTC or to any cryptocurrency.

In my opinion, the use-cases of the crypto projects are compelling, especially the new ones. They are modeled from the use-cases or industries that are dominated by a few large centralized companies.

Let me showcase Cosmos Hub, look at the array of blockchains that are part of this ecosystem. Isn't it fascinating?

Although the crypto projects seem to be a replica of their centralized versions, the decentralization aspect that the crypto projects have is a major distinction. It's the real deal!

Blockchain technology and cryptocurrency are autonomously distributing power back to the masses on a global scale.

Blockchain is a company for the masses by the masses.

That's how I view it.

And that makes it more motivating to give more attention to blockchain & cryptocurrency. I hope to see that the majority of the population would learn about it and realize the true potential of this technology.

Virtually, get them involved in this movement.


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