#AltcoinRevolution2028

The Next Crypto Cycle Belongs to These Altcoins

The crypto market has come a long way since Bitcoin first made headlines over a decade ago. Once the domain of a few tech wizards, it is now attracting everyday investors who want to benefit from this digital money revolution.

If you are looking for a long-term investment in this space, you need to know and understand what the future of crypto in the next 5 years could look like. To do this, you must understand past, ongoing, and expected developments in the crypto market.

The NFT boom

NFTs (non-fungible tokens) are a relatively new kind of digital asset offering innovative ownership and distribution models. Cryptocurrencies are fungible tokens, but NFTs are non-fungible, which means each unit is entirely unique from one another.

NFTs use blockchain networks like Ethereum to enable users to view the ownership of a particular digital asset all the way back to its origin. NFTs gained popularity in 2017 following the launch of CryptoKitties, an Ethereum-based decentralized application (dApp) that allows users to breed and collect digital cats.

In 2021, however, NFTs really took off due to a significant surge in interest from collectors and artists alike. At the time, more than $40 billion was reportedly spent on blockchain-recorded digital assets and artwork, making them as valuable as the global art market itself.

Next year, however, the NFT market collapsed following the crash of the wider cryptocurrency sector. The NFT market now seems to be solidifying as users slowly realize the true potential of this digital asset beyond just speculation and quick flips.