Death of Altcoins – What Comes After the Storm?

Above all, investments were made in alternative coins (altcoins), which are now (like four years ago) running out of air. In these phases, the market realizes that many of the altcoin projects have no real utility. For example, the interest in NFTs of a computer game tends to zero if nobody plays the game after the hype anyway. In some areas, NFTs have a raison d’être, but investors have often not adequately examined this.

What is the next hype about?

This hype phase was characterized in particular by Web 3.0 and NFTs. Many projects that have advertised with these buzzwords have been able to generate immense sums of money and even well-known stars such as Madonna, Johnny Depp and Snoop Dogg have published their own NFT collections.

The previous hype phase, on the other hand, was more about alternative smart contract blockchains, in which systems such as EOS and Cardano were born. The question now is what the next hype phase will refer to in order to position yourself accordingly with this cheap entry point.

Bitcoin is the epitome of decentralization that the entire market is geared towards, and the much-criticized disadvantages are being remedied piece by piece by the Bitcoin network. The energy consumption is constantly being borne by renewable energy to a larger extent and the transaction fees are negligible thanks to Lightning.

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

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

The benefit of SavAct on the crypto ecosystem has already been described in two articles (fraud protection and influencer financing), which received an unusual amount of support.

The now beginning rest phase of Bitcoin is seen as rather positive by the developers, so the area of ​​​​application of SavAct 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 over their own national currency. With the current rate of inflation, things may look similar in Europe in a few years. Currently, every tenth person in Germany owns cryptocurrencies, while in Nigeria it is already every third person.

In developing countries, however, payment tends to be made with very small amounts. These are so small that, for example, buyer protection in retail is not worthwhile. The fees incurred for this are so high that they swallow up most of the payment. It is primarily people in low-income countries who need to protect themselves against fraudsters.

Here again the potential of SavAct to provide people with free protection against fraud when making payments with cryptocurrencies proves itself in everyday life. Be it a farmer who orders fertilizer in the neighboring village or a farmer who wants to sell coffee to the world. Ultimately, this market has a three-digit billion amount and with the developed payment system, the life of the local people is significantly safer and cheaper.

Anyone who would like to get involved with SavAct can find the team in the public Telegram group. The benefits for industrialized countries have already been reported in this article: The establishment of cryptocurrencies in online trading.

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