I am sure everyone over here are aware of current situation of crypto world and some have already speculated this to be the end of crypto era and says that's the reason for the dump in value of all the crypto coin ? But I think there were not much altcoins in the past and progress of bitcoin decided the value of altcoins as they pump when bitcoin pumps and dumps when bitcoin goes through a dump and I feel these market situation are temporary and bitcoin will soon be back to normal so as other altcoins.
I believe that the future of crypto lies on the demand driven by its user. What we are experiencing today in terms of the pricing and the trend is somewhat likely a bear trap. The market has been held to $7000 mark even if it breaks it at $7xxx it is immediately being pull back back to $65xx-7000 range. I hope there would be future updates not only for btc to have faster transfer rates but rather a much more diverse network on eth based token and not only limited to big exchanges but more focused on developments and application; rather than just pumps and dips.
By this topic and comments I see many people are not aware of what is happening with crypto market, what more I see many people have size of a brain like little birds have, you don't know what was last month and to not ask you what was 5 years ago, because you forgot your past you will never truly know your future.
But you think there were not so many alts before, well good for you! I see you made some effort and check it, its really hard to open your browser and type magic words in search, you will be surprised what kind of informations you can find, just try it.
Future if entire crypto will be great, future for some coins, tokens, will not be so great, some will go to the sky some will fall to zero, pick good and do your research better from now one, you missed so many things even you are senior member.