Prediction -- Crypto Gaming Hype will make a comeback!
I've been in crypto since 2013, so I've seen trends come and go, and here's my explanation of Crypto hype, and how to act based on it.
*This is not investment advice, DYOR*
There are 3 things you need to understand:
1. Crypto does not yet have true product market fit. It doesn't yet pass the toothbrush test (everyone uses it twice a day and finds value in that).
2. There's a lot of speculation and anticipation that some day, Crypto will be the basis of our economy and society. That there will be an Integrity Web built on top of the World Wide Web, and we'll rely on it for everything. At that point, it'll pass the toothbrush test, big time. I believe this, and the two projects I co-founded (
@Zcash,
@Starknet) are playing a large role in this.
3. There's a desire to turn speculation into profit, by investing in tokens. There are a lot of tokens, and a lot of speculation, and what drives prices more than anything is the *speculation* and belief that one day, this or that particular token will be a large part of the Integrity web.
If you understand these 3 points, you'll realize that as long as they hold, we'll see different tokens "shoot to the moon" in a way that seems unexpected and miraculous.
"Who would have thought?" we all say about the latest theme -- first it was Bitcoin (many times over), then Ethereum, later Solana, and NFTs, and memecoins, and Hyperliquid and on and on.
There was a point in time a few years back when everyone went berserk over things like Axie. It was a pretty stupid game, as far as games go, but speculation on its token and price were all the rage.
In my view, it would not surprise me if some other gaming-related crypto assets will have another run, some time in the future. I cannot know which ones will benefit from it this time. I do hope that this time around, they'll be related to good, fun-to-play, games!
THE END.