Cryptocurrencies have had a prolonged winter. Those who follow the quotes saw a lot of unusual things in 2022 that put the future of digital currencies in doubt.
Luna, hitherto considered one of the most solid cryptocurrencies, simply collapsed into a death spiral. Solana, another cryptocurrency that pointed in 2021 as a promise, almost went the same way.
As a result, crypto investors spent more than a year suffering immeasurable losses and are now starting to breathe again.
Is it a chicken flight?
Although the growth in the last month is notorious, there is a lot of distrust about the sector, and many still question whether this would not be just a chicken flight.
What I see, however, is a broadly promising scenario. Not only in relation to cryptocurrencies, but also in relation to blockchain, the technology that supports them and goes far beyond them.
For those who don’t know, blockchain technology is a kind of immutable and shared ledger that facilitates the process of recording transactions and controlling assets in a business network.
He is responsible for making cryptocurrencies decentralized. And the technology is already being used by many companies looking to improve their operations.
After all, technology is not just limited to cryptocurrency transactions. It has been used by companies in the areas of health, education, sustainability, entertainment and even public bodies.
Blockchain is back on the radar
With the growth of cryptocurrencies, eyes are once again on Blockchain. Despite never having left the theme of those who work with technology, people who do not understand the subject are interested in it again.
The truth is that this technology can revolutionize countless sectors. A good example is education itself. For example, with it you can request a duplicate of the diploma and validate the documentation in a matter of minutes.
In most cases, you don’t even need to contact the educational institution to make this request. The banks themselves should soon deploy this technology.
In the field of investment, tokenization of assets will be common to ensure more security and even more freedom for small investors to have access to investments that need greater capital.
And what does this have to do with the rise of cryptocurrencies?
In my view, when cryptocurrencies go through a major downturn, a lot of people, even startup entrepreneurs, look at them suspiciously.
And this is not just about cryptocurrencies themselves, but also the technology behind them. Therefore, with this new high, the spotlight returns to the sector.
Showing that there is no way not to believe that this is the technology of the future. After all, it is not the first fall that cryptocurrencies have gone through. And when they survive, they come back even stronger.
I see that industry regulation can be a good way to increase confidence. But regardless of that, those who benefit from this increase are, without a doubt, all the technology companies that are looking at blockchain again.
