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Cryptocurrency is dead. Only blockchain remains. DeFi founders are wearing suits. Crypto VCs are also investing in currently hot ideas such as RWA, AI agent commerce, and prediction markets rather than DeFi. Funds are struggling to raise capital, and I believe many will close their doors within the next six months. There is no possibility of the situation improving anytime soon, and coins will likely remain in a downward trend. The market is full of tokens with high FDV and low circulating supply, and they will not come back to life. Cryptocurrency has now transitioned into Fintech. If Canton wins in this market, it will be very disastrous. This is a bizarre ecosystem that operates in a manner contrary to the free market where cryptocurrency is needed. Nevertheless, Canton is gaining the support of many institutions. Cryptocurrency foundations must follow in Solana's footsteps and operate from the bottom up. They must build products directly for Fintech and financial institutions. Otherwise, Tempo, Arc, and Canton will take their place. Institutions treat cryptocurrency as a dirty word. They no longer mention cryptocurrency. Cryptocurrency has disappeared. Only blockchain remains.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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