“Co -founder and CEO of Stacks Munibal Ali’s platform in an interview with Cointelegraph said that most of the second -level projects on the basis of the first cryptocurrency will disappear within three years. According to him, the market develops in conditions of fierce competition, and the enthusiasm around L2-decisions is noticeably weakened. “The honeymoon is over […]. About two -thirds of the projects will not survive this period, ”Ali said. […]”, – WRITE: Businessua.com.ua
Co -founder and CEO will disappear within three years.
According to him, the market develops in conditions of fierce competition, and the enthusiasm around L2-decisions is noticeably weakened.
“The honeymoon is over […]. About two -thirds of the projects will not survive this period, ”Ali said.
However, he stressed that platforms like Stacks and Babylon will continue to develop.
Stacks, which originally appeared as Blockstack in 2013, last summer underwent a network called Nakamoto. It improved the custom experience and provided the platform with 100% bitcoin hashtite, Ali said.
The expert stated that the market is expecting the first cryptocurrency, as other first-level blockchains (L1), such as Ethereum and Solana, are “declining”.
Ali noted that bitcoin receives an influx of external capital, for example, because of the BTC-ETF spot. At the same time, many other projects compete for limited resources within the industry.
As an example, the co-founder of Stacks mentioned an increased interest in meme koins that “extract” capital from infrastructure L1 projects. At the same time, bitcoin remains the only asset with a constant influx of new buyers.
Ali is convinced that this type of stability, supported by data in the last 10 years, makes digital gold attractive to large investors and hedge funds. He also stated that the price of bitcoin will never fall below $ 50,000.
Recall that Galaxy Digital analysts have predicted liquidity flow to L2-solution on bitcoin-more than $ 47 billion by 2030.
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