Crypto has had its highs and lows. Cryptocurrency—as the name suggests—focused on payments/currency/money movement from the very beginning (Bitcoin Whitepaper and initial years). Issues such as volatility and not finding actual use cases at scale had limited cryptocurrencies to the fringes of cyberspace. The surge in crypto prices, however, converted non-believers into believers. From bitcoin to the launch of Ethereum blockchain six years ago to DeFi bringing in new use cases to the blockchain ecosystem—multiple factors contributed to the increased value of cryptocurrencies and brought new investors that saw cryptocurrencies as digital gold.
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