News Flash: Cryptocurrency vs Blockchain: the bubble deflated,and the blockchain to shift toward pra

After a slight increase in the token value, wide price correction, again, sets in the market. For major tokens, such as the price of bitcoin stands at and lingers around the price range of $7,000, Bitcoin Cash priceat $541, and Eth price at $282. Adding all this up shows a growing sign of weakness in the market.

source from www.citicoins.com

While the boom in the underlying technology stands in stark contrast with gloom in the cryptocurrency market. As a newly-invented technology, the technique now is under the development by governments, financial institutions, and research center to equip it with our daily life.

For instance, a third of 120 Chinese companies in Fortune 500 are dipping their toes in the blockchain water, including the Chinese State Grid Corporation and the Industrial and Commercial Bank of China.

Moreover, with the deflation of cryptocurrency bubbles, which shows in the form of a slump in token value, market capitalization, and trading volume, the market is now shifting its focus from the cryptos to the technology itself. Reports suggest that a clear business model and practical use case is needed to conduct a practical blockchain project.