No, its DOGE!

Transactions are pulling to an upwards trend again.

Cryptos market follows?

When I look at the transaction numbers per day on the blocktivity dot info website, I see a clear gain. Bitcoin, BTC, more than 33% and also Litecoin, LTC, broke out of the dip. While Dogecoin, DOGE, is on a 40K battle with Ethereum Classic, ETC. And it seems it is really game-over for bitcoin cash, bch, as Dash, DASH, is leaving it cleary behind, with a gap of 4K.

Marketwise this should have some reflection, even if some, like bch, can still be manipuleted thanks to the (ab)use of its virtual value. Yet on average for most real substantive Cryptos that serve a purpose their value will recover. This could be somewhere up to the level before the last dip, for many of them.

Cleansing ongoing.

As the Crypto market really has been flooded since the huge pump or even already before that. All kinds of gold digging and get-rich-quick projects came and wend. The hype blew it all out off proportion. But sometimes that is the best way to get it over with, let it drop down hard. And after the diggers have been eaten by the voltures the rest will lick their wounds and pick up where it left off.

And the purgening is not over yet, but slowly the Cryptos that really serve a purpose will come out on top. It is the ones that have real value transactions in vast amounts each day. Those are the ones that add value to their growing blockchain. They will move on, because they were build to last. It is a sink down and bubble up proces, where the rubbish will sink down into the mud of the blockchain river.

Stronger and long lasting.

For EOS to bootstrap in such a period might seem like asking for failure. All eyes on that blockchain, many ready to tell us they told us it would fail. But I'm convinced that it serves a unique purpose and it will prove itself, to those who can be patient. Just like Bitshares and Steem serve a purpose that has long term prospects for a bright future.

To me that is where we are heading. On the long term, does a blockchain serve a real life purpose, or even many? As that will define its value, as growing usage will gain more attraction. That will make it grow in value. This way the ones that have no real use to them, like those with a virtual created value, will disappear into oblivion.

The future is Crypto!

That is why I am confident about Dogecoin, as being the digital peer to peer equivalent of cold-hard-cash for the many. Maybe not in terms of value per DOGE, although it could go to a few USD cents, but not past $ 1.00, I think. But that is not its purpose, to act like another Bitcoin, BTC, for investment. BTC might reach 1'000'000 USD, somewhere in 2020. But for Dogecoin its purpose is to be a cheap and fast p2p digital cash system, that is fun to use.

Litecoin, LTC, I expect to be like the digital equivalent of silver to Bitcoin, BTC, gold. Where inter blockchain communication will push things more and more towards decentralized exchanges. Within all of that there is plenty of room for DPOS {Delegated Proof Of Stake} blockchains to fullfill their purpose. So, I do see a bright future for Bitshares, Steem and EOS ahead too.

But, remember to only invest in Cryptos what you are willing and able to lose.

May the Cryptos be with us!

Looks like a doggish green bull to me...

Image created using jWildFire mini & Pixlr app.