CoinGecko’s Q3 report underscores the volatile and rapidly changing nature of the cryptocurrency market. While the industry has faced headwinds, with significant declines in trading volumes and market valuations, the year-to-date figures and the growth in sectors such as RWAs indicate that the foundational interest in crypto assets remains strong.
When trading, being able to recognize signs of value is a great way to raise your awareness. One notable indicator of value is when people begin using certain products out of necessity. Organizations are generally apprehensive to adopt crypto networks and currencies because of some understandable risks. This is why the decision by Taiwan’s Ministry of Digital Affairs (MODA) to use the IPFS protocol is a powerful demonstration.
Do you own a website domain? How about an NFT? If you or your company is beginning to use cryptocurrencies and integrate into web3, then you may soon realize you need both.
Ethereum Name System has been slept on for long enough. This is an alternative to traditional Domain Name Servers like Google DNS or GoDaddy where you can register a website name like twitter.com. The difference between a .eth and a .com is the level of ownership and connectivity. ETH domains are connected to crypto wallets, NFTs, and your digital identity online. They are highly programable and I believe they will be a necessity for any person or company in a crypto future.
Its hilarious to look at the angle on this chart. NFTs are surely the story of 2021. This is the growth people expect when they come to cryptos, but I bet most of you missed these gains in one way or another. Maybe you were busy right click saving lol. You got to stay plugged in and keep your awareness up.