The market capitalization of the cryptocurrency market has dropped from its all-time of over $800 billion to currently around $140 billion, according to CryptoCompare data. Many analysts claim that cryptoassets will not retain value while prominent economist Dr. Nouriel Roubini has predicted that digital currencies will disappear as he claims that decentralized mediums of exchange (MoE) have no real use case. However, a closer examination reveals that there are developments, both business-related and technology-related, that clearly indicate that the nascent ecosystem is actually growing and evolving - and is possibly on its way to mainstream adoption.
