Vladimir Okhotnikov about the idea of decentralization underlying the cryptocurrency industry, an analysis of the reasons for the decline in interest in digital assets after the boom of 2020-2022, about the problems of the industry, including fraud and bankruptcy of major players
A well-known crypto enthusiast and expert Vladimir Okhotnikov of Floraria company, has commented in the articleWhat To Do When the Numbers Don’t Grow: Vladimir Okhotnikov About the Crypto Prospectsprospects of cryptocurrencies and the development of the digital asset market.
The article discusses the reasons for the decrease in interest in crypto projects after a period of growth in 2020-2022. It also describes the challenges facing the decentralized finance industry, including recent cases of fraud and bankruptcy of major players.
“During the hype, many startups increased greatly in price. But what next? If the token stops growing, why should people continue to be interested in it and maintain the liquidity of the project,” the expert quotes the key question raised in the article.
Vladimir Okhotnikov draws special attention to the analysis of the distortion of the idea of decentralization, which underlay many crypto projects, carried out in the publication.
According to him, the largest market players, contrary to their stated principles, have concentrated enormous power in their hands and do not hesitate to use it.
“Now there is an amazing distortion of values. What was previously considered unacceptable is today perceived as the norm. The idea of freedom, on which many crypto projects were built, is beginning to give way to regulation,” Vladimir Okhotnikov emphasizes the key idea of the article.
An important aspect, according to the analyst, is the problem of attracting new users tocryptocurrenciesdue to their lack of awareness of the technology and habit of traditional banking services.
“People often do not have a sufficient understanding of the principles of the functioning of cryptocurrencies and prefer to use standard banking procedures,” the expert notes.
In conclusion, Vladimir Okhotnikov emphasizes the importance of the issues raised in the original article for determining the further vector of development of the market for digital assets and decentralized finance.
In his opinion, a critical analysis of the current situation allows us to objectively assess the achievements and problems of the crypto market, which is of fundamental importance for determining its future development path.
Floraria is a company known as a center of expertise in decentralized finance. Vladimir Okhotnikov is Floraria’s leading analyst and expert in cryptocurrencies and blockchain technologies. He critically examines the current state of the digital asset market.
The expert analyzes trends in the development of the DeFi industry and blockchain startups.
Source: Iharare
