This year has been kind of crazy when you look at the number of new coins which has surpassed 1 million since April 2024. You would have to ask the serous questions like how many of those would be crypto with genuine use cases which I would presume would be a handful at best. We are still waiting for the first one to pop out nd we have been waiting years already for this to happen when the outside world starts using a token or coin because it has utility having a genuine use case.
When we see these types of numbers of so called new crypto projects regulation is definitely required and I would prefer self regulation by the crypto community, but that type of thinking is not going to happen any time soon and I do think if this had happened already we would have been a lot further to adoption that where we are now.
The 2024 rug pull figures for 2024 seem rather low as I have heard Solana has that type of number monthly. I am not into Meme coins or even pay attention to them so I would not know as it is hard enough finding crypto which has a cross over into the real world with their use cases. This I believe is where the real money will be made and use cases will remove speculation and hopium from the equation.
The last two years for crypto has been tough going with single digit growth
which we all know can change within a few weeks and all we need is the start of the Bull Cycle to catch everyone's interest. FOMO is something humans cannot resist and serious price movement will attract more eyes.
What crypto really needs however is a crypto that overlaps into the real world with real use cases. This would help ignite adoption better than price because otherwise we have nothing, but speculation.
COTI looks like they are onto something really big which will get institutions using crypto for payments and not before they launch their Garbled Circuits which offers privacy. VeChain with the monitoring of Carbon emissions is seriously big, but that is still a good 15 months away. They have the transactions on the blockchain for Walmart, but one major client does not make a project and they need far more adoption. Millions of transactions are required and not being stuck around the 100K mark.
What is a scarier statistic is out of over 25K crypto tokens we do not have one token that has overlapped into the real world. I am not talking about buying items with crypto, but a project that is being used by thousands of businesses daily. I am hoping COTI will be the first or at least help another crypto attract mass adoption through using their technology. I do not think we ae that far off and 2025 will be a massive year for crypto and that is not taking or factoring in the Bull Cycle because we need more than just price.