Based on my place, it is decreasing. Why? I haven't seen any establishment these days that accepts Bitcoin as their mode of payment. I used to see establishments that accept BTC as a payment mode years ago and I feel proud whenever I see one. Unfortunately, those stores who took the initiative and accept BTC as payment most probably gave up because of the lower rate of the cryptocurrencies nowadays.
I think price volatility is one of the main obstacles that prevent mass adoption of cryptocurrencies for those stores, not lower rate. So we need to come up with a more stable asset, and they could use Tether. the dollar seems like the most stable option right now, which does not live with the underlying principles this type of technology was founded upon. Seems like one of the only solutions would be for a cryptocurrency’s value to be proportional to an underlying asset, like Tether with USD.However I think centralized entities cannot help stabilize decentralized things, maybe just ruin them. But adoption is the only thing that will make crypto less volatile, and governments can help by passing regulations against scammers and force exchanges to have solid teams and keep liquidity and so on, as major price fluctuation comes from major scams or major exchanges and whales.
