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The Dawn in the Crypto Winter: Stablecoins and AI May Lead to New Opportunities in the Industry
Challenges and Opportunities in the encryption Industry
Recently, social media has been filled with criticism and mockery of the current state of the encryption industry, including from individuals who have previously found success in this field. As a practitioner, I believe it is unnecessary to stand on a moral high ground and blame others just because the industry is in a downturn. After all, it is the existence and development of this industry that has contributed to their current status. This also reminds us not to forget our original intentions.
Currently, the encryption industry is facing a downturn similar to that of 2018 or 2022. This is not just a price issue, but also a skepticism and wavering among people toward the industry. The past two years were seen as years of hope, but now most people scoff at it. The main reason is that the long-anticipated "altcoin season" has failed to arrive as expected, coupled with the fact that the industry seems not to have developed new narratives over the past two years, or some new narratives have proven to be fleeting.
However, the real impact on the industry may still come from external factors. In recent years, the rapid development of AI has captured the attention of investors, including those in the encryption industry. Many practitioners, especially developers, have turned to the AI field. This has become the last straw that overwhelmed the industry.
In the face of the disappearance of the clone season, the lack of new narratives, and the strong rise of AI, the encryption circle seems to be left with only the sighs of practitioners. In addition, the recently emerging "coin stock" sector has also directly diverted some funds.
Despite facing numerous challenges, opportunities still exist. First, while there may not be another crazy bull market like in 2017 or 2021, there have still been some segments over the past two years that have created wealth myths. Investors need to adjust their mindset and expectations, looking for the "Amazon" in the industry.
Secondly, a new narrative is taking shape. Stablecoins are receiving widespread attention and even drawing the interest of regulators. The success of stablecoins could bring about revolutionary changes in the industry, much like the launch of Alipay did back in the day. It has the potential to significantly expand the encryption user base and create new market opportunities.
Finally, the combination of blockchain technology and AI has broad prospects. Blockchain may become a native tool for AI, solving the problems of information transmission between machines and real interaction between machines and humans. With the development of AI agents, blockchain technology will play an important role in ensuring secure and reliable communication.
In the face of these changes, we should embrace and adapt to the trends with joy, rather than resist or insult. The encryption industry will not remain in a downturn forever; maintaining rational and forward-thinking is crucial. Let us continue to rise to the challenge and explore this field full of opportunities.