It is highly likely that cryptocurrencies will burst their bubble and reach critical mass

At the close of the second week of October the price action of Bitcoin and Ethereum main cryptocurrencies by market capitalization, continues to give us extraordinary opportunities to trade short and capitalize on gains to continue to increase our trading capital or at least that's how I see it.

Now, and in correspondence with information disclosed by Lugui Tillier in the Cointelegraph portal, beyond what it means to capitalize profits "Cryptocurrencies will burst their bubble and finally reach the common person through layer 2 blockchains."

According to Tillier, "Those who were active during the 2021 bull market remember that USD 50 per transaction fee on Ethereum was almost the norm, not to mention increases, such as during the creation of the Otherside NFTs by Yuga Labs, where users paid up to six ETH per transaction.

Among other things "The number of unnecessary projects on Ethereum was significant, and the reasons varied: it was cultural, because some companies didn't even know what secondary layers were, or simply because everyone was building on Ethereum."

On the other hand, "If the issue is BTC escrow, the decentralization issue is relevant. However, when the issue shifts to tokenized tickets or a company's loyalty credentials, the value does not lie in the decentralization of the system."

Hence, these scenarios make it highly likely that cryptocurrencies will burst their bubble and reach critical mass.

Cointelegraph. 3 theses that will drive Ethereum and Bitcoin in the next bull market. Link