NBA Dallas Mavericks owner Mark Cuban said the cryptocurrency bear market won’t end unless people focus better on utility applications. He also believes that the market has not yet bottomed out. Cuban noted that a greater focus on applications with utility will keep the cryptocurrency market out of a downturn.
Given that there are so many apps currently focused on fintech or collectibles, launching a business-focused app would be one of the events that would trigger a market reversal.
He also believes that the merger between different protocols and blockchains will eventually witness the consolidation of the crypto industry, as “this is what happens in every industry.”