Hi all, I hope everything is going well and that you are safe.

I come back with another interesting article about the present crypto market situation.

In a bull market, all start to tell. Crypto overcomes Gold Marketcap. It has gotten huge adoption, so invest here and relax. It grows your money.

But coming to Bear Market, they start talking quite opposite. They start telling like , crypto is big bubble soon it blast hard, so remove your investments from this industry.

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When promoting such statements on social media, they create a lot of fear in the market. Due to this, a lot of innocent retail investors have given up from here. But I hear influencers get benefits because they load their bags at a cheaper price.

That is why you should only invest in the bear market and not in the bull market.The bull market is profit booking time. We can make a lot of money here if we just think like a whale.No one stopped us.

Now I try to discuss some important details about crypto market. Is really a bubble? or having real-world applications?

This gives us an idea about the future of the Crypto Market.If we get a clear idea about it, then no one will be able to influence us.

Distinctive Characteristics of Blockchain Technology

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These are the features that we can only get from Blockchain Technology; traditional technology cannot fully fill them.That's why I strongly believe blockchain technology will soon overcome traditional technologies.

Let's illustrate Blockchain Technology's unique features.

Decentralized Trust

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Most of them well know what Decentralized Trust means. Here, with no third party involvement, we can fully fill our needs very easily compared to centralized platforms.

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In a centralized market, we do not believe any one because they always seek their own benefits, not thinking about others' struggles.

In the centralised market, time is wasted, a lot of paper work is needed, and a lot of documents are needed to fully fill our needs.

Besides this, we need to spend some money for faster transaction needs.

We easily solve all of these issues by utilising Blockchain Technology.because of its reliability and fastness.

At the moment, all major projects have begun developing applications using Blockchain Technology.

As a result of large projects interacting with Blockchain technology, it will not burst like a bubble in any circumstance.

Currency Exchange

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Every project's success depends on easy money transfer between users throughout the world.

Using crypto technology, we can send and receive money from any person at any place at any time.

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In the traditional financial market, it's an impossible task. We all know if you want to do Wire Transfer on Sunday how many struggles we face. Also, its length and time-consuming process.

But in crypto we receive in fractions of minutes. That's the main feature of blockchain.

Foreign Currency Exchange

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I think this one is faced not only by normal people but also by big countries like India, Pakistan, and many more due to the Russia vs Ukraine war.

Because Russia wants their oil payments through their native currency, the Ruble. When exchanging their own currency for Russian rubles, all countries face numerous difficulties due to restrict on SHIFT Payment.

The means for exchanging local currencies into foreign currency are not easy in the traditional market. There are a lot of restrictions there.

But in the blockchain market, we can do it very easily. There are no restrictions here.

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This means crypto we can use as a form of payment. This is enough to demonstrate that Blockchain is not a bubble; it enters our lives without knowing who we are.

Crowdfunding

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Through Cryto, we just need a good project idea to make it real. Through CrowdFunding, we can collect money very easily.

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Just from blog posts, they are raising money. Like those wonders we can only see here.

The Mad Realities Crowdfund

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raised approximately 172 ETH.It's value is around $271,976.81.

Example 2: One crypto dating show raised nearly $6 million to build a "Netflix of Web3".

Source

As an example, there are numerous examples in the crypto market.

In the traditional market,it's not an easy task. Because here, no one trusts you.

Money Flow

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In crypto, there is another money flow method. Through sports betting, predictions, and participating in contests, money will flow from one person to another very easily. All those transactions are executed in a fraction of seconds.

On some platforms, without investing any money, we can earn some free bucks.

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Through Blogging on the Steemit platform, Participating in Testnet Activities, Inviting Friends, Doing Tasks and many more.

Some are offering free money in exchange for following them on Twitter.Like that, other money flow methods are available here.

Lending & Borrowing

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Lending and borrowing are available to anyone in Crypto.

As a result, anyone can lend and borrow freely here.All those transactions can be finished in a fraction of minutes.

No need for any legal documents or identity verification here.

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Getting a loan in the traditional market took days and also required a good credit score.Lots of hassles need to be faced.

In the traditional market, most loans are over collateralized, but in crypto those are under collateralized , so we can borrow as well according to our needs.

Equal Access

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In the traditional market, we don't have equal access to people.

For example, if you want to buy Apple stocks from India, is it possible?

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We could not buy it because they restricted us. However, when it comes to Crypto, It is Smart Contracts, they are Internet native, which means that anyone can access them from anywhere.No restrictions here.

Other benefits of utilising Blockchain technology include

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• It enhances trust in the supply chain.

• One more amazing feature in Blockchain TechnologyNFTs. We all know NFTs' use cases in our real life. With the help of NFTs, we can identify duplication, we can give access to play games, exchange money and many more.

• There are non-transferable NFTs in the market. These are very useful for offering certificates, progress cards, health data and other more fields. Those we call Soulbound tokens, or SBTs.

This technology will change the future of the blockchain industry soon. Due to its use cases and easy to access features,

Such as the practical application of Blockchain Technology.That is why I say Blockchain Technology is not a fad; it has unique features that are very useful in everyone's life.

Conclusion

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Block chain technology is in its starting stage. That's why we are facing a lot of other issues like Ponzi schemes, scammers, hackers and many more other illegal activities using this technology.

But, in my opinion, every new technology brings with it both benefits and drawbacks.Those are natural, those we solve by building strong technology. Aside from this, rejecting complete technology is not a good choice.

For example, at the start of Internet Adoption, everyone faces a slew of challenges.Some say it destroys our culture and economy in that way at the time, but what is our current situation if we stop gearing those words?

We can't even imagine in our dreams.But due to this, the environment gets affected along with human relationships. but no other choice .

Similarly, while there may be some issues with Blockchain Adoption at first but due to its unique features every one start adopting with or without their knowledge.That's why I say it's not a blasting bubble technology ,it's a future.

Thank you for reading my analysis of blockchain technology; I hope it was informative.