Author of the article is an idiot blogging about all these neat "crypto monies".
They should probably read:
https://bitcoin.org/en/faq#why-do-bitcoins-have-value
Topic: cryptocurrency storage peg (Read 184 times)
Quote from:
Market psychology is based off of pricing precedent and raw demand/supply forces. Aggregate market psychology chooses numbers such as $10,000 BTC and $1,000 ETH, but there is no objectively good reason why ETH should be $1,000 instead of $500. Therefore, normal coins are prone to bubbles: panic buying pursued by panic selling.
in the near future do you think cryptocurrency will gradually transition from digital asset to something tangible (decentralized hardware storage)Source
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