The article explains Lado Okotnikov’s perspectives on the cryptocurrency market and where it stands within the global economy. To a vast majority, the cryptocurrency market remains a mysterious entity which is disconnected from traditional markets. The author draws parallels with the oil market. However, even this market demonstrates dynamics closely tied to global economic conditions, whereas the crypto market features unique dynamics and behavior. It operates on a different paradigm.
Cryptocurrencies are influenced by Bitcoin. The first cryptocurrency paves the way to all others. Although occasional fluctuations among alternative coins may affect the market dynamics, Bitcoin remains the dominant force. Bitcoin boasts roughly 50% of the market cap. This dominance defines the unique paradigm of the cryptocurrency market.Â
Why cryptocurrency market differs
In contrast to traditional commodities, cryptocurrencies lack fundamental ties to other markets. The presence of “commodity” coins hasn’t significantly changed this dynamics. Actually, the landscape could potentially shift with the emergence of state-backed cryptocurrencies and create a distinct market niche.
Currently Bitcoin serves as an alternative means of settlement and savings. Yet, it can’t be considered an indispensable asset. Several factors contribute to this from volatility to scalability. These factors ultimately limit crypto’s widespread adoption.
Cryptocurrencies emerged due to the shortcomings of the modern financial system. The gold standard’s prevalence would have rendered the concept of digital currencies inconceivable. Since this standard was abandoned, a new era began where the value of currencies is based on consensus rather than tangible assets. The consequences that followed contributed to the emergence of cryptocurrencies.Â
Lado Okhotnikov’s Meta Force project as an example of paradigm shift
Bitcoin emerged in response to system flaws within traditional economic systems. In a healthy economy, they would have been negligible. Cryptos would serve merely as technical innovations.
In this context, Meta Force project deserves recognition. It represents a paradigm shift in the crypto industry. The technology bridges the gap between conventional and crypto businesses. The company launched a metaverse platform, designed to enhance blockchain functionality and maximize its potential. Meta Force managed to create a cohesive ecosystem, which is based on fairness and business freedom. The facility uses smart contracts for transparency. The automated interaction helps to minimize human error.
According to Okhotnikov, projects that prioritize personal and public benefit are poised to shape the industry’s trajectory and then set at ease innovation and growth. Projects like Meta Force, which aim to bring real utility and benefits to both individuals and the broader public can potentially impact the crypto industry. If you are interested in exploring these concepts further, you can read the full article.Â
About Meta Force
Meta Force is a Dubai based company developing a digital platform focused on business applications. Meta Force platform is optimized for carrying out complicated projects. The platform includes various modules such as crypto Wallet, Marketplaces, Marketing, Games, etc. Lado Okhotnikov is a CEO of Meta Force.
Based on Dan Michael materials
The head of Meta Force Press Center
