Cryptocurrency Is Feeling Overwhelming Right Now (In A Good Way)

Who was here 2-3 months ago (maybe a little longer) when things where in a lull and it felt boring in the crypto space. Bitcoin was waking up but outside of that there was not much excitement in the space. But now I don't know where to look with all the projects popping up and the new dapps coming out. It is getting crazy and it feels a little over-whelming at times. It's getting to the point where weekends are becoming actual weekends as people need to shut their phones off and take a mental break. On a side note I recommend doing this by the way if you are feeling mentally stressed, you need to take care of your health.

This Is Crazier Than 2017

2017 saw this kind of mania but at that time there was really only ICOs. It was a battle of icos and people were looking at which ones to invest in and which ones were going to make it. There was some dapps like steemit but there was very,very, few ones that actually worked. But now not only do you have defi (which has replaced ICOs in my opinion) but you have other trends going at the same time that are as big as defi is. Plus you have more and more working dapps popping up from scoial sites to gaming

Defi The New ICO

Defi really feels like the ICO days of 2017. Lots of projects popping up. There is a lot of promise and a lot of scams as money is flying in this space. I do think defi is here to stay as it is a better way to deal in the financial sector but it is a LARGE umbrella that covers everything from lending to lps and what will make it and the form it will take is hard to call at this stage. It is not the same as ICOs which were straight forward (you pay money, you got coins) but now you need to learn how to yield farm, what an IEO is, what an lp is, what staking is, what collateral is, etc. It is a broad space that has just started. This means a lot of projects are popping up left and right and it is hard to know which ones are worth your time.

So Many Chains

To make it more complicated unlike in 2017 when it was all Ethereum, there are multiple chains that are running projects. You have Binance defi dapps that are doing well like Pancake. Tron is trying to make cheap defi proejcts to compete. You have Wax with low costs and Hive with no fee transactions. Ethereum is still were the money is but other projects on other chains are worth checking out and it is hard to keep track when you are not only watching the defi space but also watching it from multiple chains.

NFTs

At the same time as all this NFTs are starting to trend now. You are seeing digital cards and digital artworks that are selling for 10ks of dollars. There are new artists and brands that are starting to make NFTs on different chains. There are games that are making NFTs which are not even out yet. Then you have NFTs which can be staked for yield farming and yield farming which can be staked for NFTs. Are you confused yet?

Oh And Dapps Are Still A Thing

On top of all of it dapps are starting to actually work like apps. You have Leo kicking ass and games coming out that work like actual games. There never was a dapp trend in my opinion as dapps never really worked with the exception of a very small handful. Trust me I checked and tried out several over the years and I kept coming back to hive/steemit (now Leo on Hive.) But now there are games I want to play that look like the play-to-earn model might actually work.

Blockchain technology really is web 3.0 and this means that everything on the web can be made anew with this technology. Considering every type of app that means a lot of areas of new projects to be made. Think of all the games and financial apps alone.

Things are getting crazy right now and if you are getting over-whelmed don't be ashamed as it is a lot coming in a very short time span. Take a breath and check out projects that interest you.

And of course use Leo, Leo kicks ass.

...digital fashion, just though of another one. The list goes on and on.

Posted Using LeoFinance ^Beta