Blockchain as a foundational technology has the power to create new foundations for the economic and social systems all over. The impact of the blockchain is grand but it will surely require time for the technology to seep into the economic and social fabric.
One needs to note though that it is not going to happen all of a sudden. This seeping in will happen gradually and steadily as the world goes through technological and institutional changes. Many propositions and projects will find ground during this transitional time while the others will get rejected. Thus one can say with every new development a new star of the industry will reap benefits.
Like in the case of Floki Inu. It is no more the cryptocurrency, people were throwing caution about. It is more palatable now as investors are ready to take high risk and higher reward. There are now decentralized blockchain networks like BTC and Floki Inu tied to function on the principle of public consensus.
These digital assets do not operate in the confines of the global banking system and are legitimate claims to no friction and no border transactions. But note that a phenomenon called the greater fool theory exists where during a market bubble the investors end up buying the currencies irrespective of the fundamental value thinking they might sell it to someone later who is willing to buy them at a relative premium.
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