The crypto market is currently in one of its most unproductive stage; prices are stagnant, nothing real is being built, fear still prevails over greed and interest. The founders of 2024/2025 are mostly scammers. (heard of a project called mitosis, scammed holders of their token)
There are currently no news to excite retail except a few organisations buying into BTC and nothing new. I think another reason is that 80% of crypto tech for onboarding web2 to web3 or real life use cases are already built.
Scam founders & Copycat projects
Either this or new-age crypto builders are not as creative as they should be. Does this mean all app that are crypto related are already built? No. I think 2021 was the most creative year for crypto builders, but most apps or projects built after that were just L2 and L3s with almost no use cases or just copy cats what weren't even worthy alternatives.
The Age of L2 is over.
Arbitrum was the biggest optimistic rollup, and after it, no other L2 has been successful.
For example, smart contract makes interchain communication and interoperability possible which we've seen built over the months, and we've seen a repetition of these tech
No New Tech
we've not seen anyone building a tech that allows you to properly use smart contract and EVM wallets without the regular hacks and insecurities of clicking on phishing links and all that. We still don't have a tech that lets people use crypto, interact with wallets and protocols without scammers being able to steal from you.
A lot of builders are launching meme protocols and the next RWA and tokenisation protocols but nothing that actually complements crypto and make it easier for newbies to use.
This means that crypto project founders needs to be smarter and more creative, perhaps it's time to build DEFI 2.0 and not repeating stuff that already exists.
Is crypto doomed?
Maybe in the short term. DEFI is no longer as attractive because there are no new narrative. Retails were heavily scammed, remember the coin launched by Trump and his wife.
The 2025 market was mostly about scam and pump and nothing truly creative. Although a lot of crypto projects have continued to scale and grow. Hive is one of them and should successfully come out on the other side of the market.
There are other projects too, especially for BTC DEFI and some other tech that helps crypto smoothly transition into real life experience. However, apart from this 80% of the market and the crypto projects attached to them looks completely scammy.
Keep Building
Looking at price, it's not looking too bad for BTC, but it looks terrible for other projects. This is the impact of the crypto cycle we currently are in.
Infant a lot of analyst are currently saying we might begin to see a pump from here simply because the market is currently not being affected by the war situation in the middle East and South America.
At the moment, I'll advise to steer clear of most analyst. Someone said to me recently. Take profit immediately you see a noticeable green in your portfolio, and you can always buy the dump, and you have the opportunity of repeating that whenever you want.
When you get a X5 or X10 from your portfolio, take profit irrespective of the stage of the market cycle.
What now?
Again, I think the market will do better when the time comes, no one exactly knows when this will be. If you're building, keep doing so and keep waiting for when the time will come