Last year the bubble where finally popped “THE MARKET CAP” and the crypto fell $700B and then stepped into the dot-com bubble it crashed 78%. Here the bubbles have lots of excitement and also have game-changing ideas.
It also educates markets, and it introduces a ton of noise in the market. Where the infrastructure projects are turned into 1000 of 1000 possible ICO’s. Conducting an ICO noise increases the cost of ICO and it enables multiple social forces.
Main major Three moments:
Peer-to-peer file sharing
Penny stock boom
Dotcom bubble.
Nowadays internet usage has increased and the investors have become more and more. Many companies created a brand. One of the enthusiasts in 2013 was the programmer named Vitalik Buterin who introduced a new platform called Ethereum and it allows the developer to build a smart contract.
When reality finally caught up, it showed breaking those rules in 2018 everything crashing down, laying bare all the widespread market manipulation scams, and frauds.
A once ecstatic market is like a pancake. Just like how Netscape showed the world down the groundwork for the flurry of Internet companies that could, the introduction of Ethereum, “smart contracts” and dapps has brought new projects as well as new protocols. Instead of IPO’s the developers of these sell crypto-tokens in ICO’s (Initial Coin Offerings). However, also like the Internet stocks in the ’90s, ICO’s have gotten out of hand. Just a few weeks ago, allowing users to predict markets that bet on the results of future events.
