Is There a Future for Crypto Tech Beyond Price?

[cizanigh]

We’ve seen a lot of development in crypto: decentralization, DeFi, Web3, privacy tools, and tokenized assets. But in the end, most people still focus only on charts, pumps, and prices. It feels like no matter how advanced the technology gets, the real interest depends on how much profit people can make. So my question is:
Does crypto and blockchain technology really have a strong future if everything still depends on price action?
Can the tech grow and be adopted long-term even if the hype and price go down? Or is it all just tied to market cycles forever?

[uneng]

As we can see, the technology is already being implemented by governments around the world through CBDCs, so we can consider it to be a success beyond prices. The characteristics and features from cryptocurrencies which governments think to be interesting will continue being adopted along the time. On the other hand, we can't deny that for the average adopter, the profitability factor will always remain like the determining one, as it's the opportunity for many people to change their lives through crypto investments.

[coin-investor]

Does crypto and blockchain technology really have a strong future if everything still depends on price action?
Can the tech grow and be adopted long-term even if the hype and price go down? Or is it all just tied to market cycles forever?

It's about sustainability and reputation in the market and the industry; these pump-and-dump schemes cannot sustain their presence in the long term, and they will eventually be removed from the market.

Of course, some people will eventually make money, but holding and supporting this kind of coin is useless.
And if you are going to lose, if you keep holding and believing that coins without usability can sustain when they're not.

[kotajikikox]

So my question is:
Does crypto and blockchain technology really have a strong future if everything still depends on price action?
Can the tech grow and be adopted long-term even if the hype and price go down? Or is it all just tied to market cycles forever?

If crypto is in demand and its prices are rising, more people will be interested in developing it even further. New tech would also be developed even with the side purpose of making profit. It comes hand in hand. If crypto is no longer in demand and it’s not being used by anyone then why would anyone want to develop it beyond what it is now?

[aioc]

Does crypto and blockchain technology really have a strong future if everything still depends on price action?
Can the tech grow and be adopted long-term even if the hype and price go down? Or is it all just tied to market cycles forever?

It should have, because if there's none, then we are just involving ourselves in a Ponzi scheme and HYIP. The reason the industry is robust is due to the existence of various use cases in blockchain technology.
But we cannot ignore the fact that we have sectors in the industry that are profit-driven so we see shit projects getting pumped because there are so many investors are gambling with this kind of project.

[Webetcoins]

So my question is:
Does crypto and blockchain technology really have a strong future if everything still depends on price action?
Can the tech grow and be adopted long-term even if the hype and price go down? Or is it all just tied to market cycles forever?

If crypto is in demand and its prices are rising, more people will be interested in developing it even further. New tech would also be developed even with the side purpose of making profit. It comes hand in hand. If crypto is no longer in demand and it’s not being used by anyone then why would anyone want to develop it beyond what it is now?

I guess for passion or hobby purposes only? There are truly people like that though that don't mind anything or the money. Then there are the same type of consumers that will still patronize their products.

If it grows, other types of people will just ride the hype and it can still become huge like what we had now. It will be like the profit becomes a bonus this time but that sounds better isn't it? If I picture out BTC, I think the same thing have occurred actually. Back in time, only those computer geeks are interested on it but it only got hyped and many ride the bandwagon. They are only amazed about what they witness when the price rises continuously.

[DeathAngel]

Crypto helps the unbanked in under developed countries. All they need is a phone with data signal & they can transact in crypto. For people who don’t have a bank it can be near impossible to send money anywhere other than what you can do in face to face cash. We all know cash is being phased out so absolutely there is a place for crypto beyond price. It is not all about number go up but that does help.

[d5000]

We’ve seen a lot of development in crypto: decentralization, DeFi, Web3, privacy tools, and tokenized assets.

Some of the technologies you describe here have a problem: they don't really need a blockchain or are itself only useful to speculate.

One example is DeFi. There are only very few DeFi protocols which really solve a real need. Most DeFi protocol instead enable you to speculate with one token, depositing another token as collateral. As simple as this looks, most DeFi apps are variations of this concept, some of them quite complex as they use long "chains" of different tokens. The only DeFi use case I saw which solves a real-world problem are algorithmic stablecoins like Dai.

Web3 is similar. Most tools of this "space" could be realized as centralized platforms as well, because the project emitting Web3 tokens is a centralized entity in 99% of the cases. The same goes for tokenized assets: they mostly have an issuer, which could also use a traditional (non-blockchain) exchange to issue it.

Privacy tools is the only technology of your list where I really see an advantage for blockchain based solutions. Censorship resistance is one of the most unique features of crypto, and privacy is directly related to it (you only can't be censored if you're private).

ICOs however could be useful as an alternative to loans for companies. However they are so deeply associated with scams that they currently don't live up to their potential and I don't know if this can change in the short term.

Thus I'm quite skeptical about most altcoins, above all about those who do not really solve the problem they promise to solve.