[edshiro]

I also think there are way too many projects in this space and most of them are very obvious money grabs. Ultimately only a few projects will survive and gain mainstream adoption.

I am really on the face regarding bitcoin though: it is the grandfather of all those crypto projects and massively moves the market, but I don't quite understand how it could ever replace a currency given its very limited supply and astronomical unit economic price: it was not supposed to be a store of value like gold when it started.

Ultimately, I think a few projects with much higher coins in circulation and faster transaction times will end up becoming more valuable due to greater usability.

It's a shame it feels like REQ is a bit late to the game, but they do have ambitious plans, one of them is to enable cross-currency transactions (including fiat). No-one has yet gained the first mover advantage in this space so the jury is still out.

[whataretensors]

REQ is not late to the game. It's still extremely early. I think multiple dex that translates currency to any other currency will emerge. Dexs can compete on fees, features, risk, etc. Additionally supply will be distributed as automated arbitrage becomes an easy way to make money.

I also don't believe in the convergence of coins with enough dexs. There are a lot of design features that people will want that are incompatible across coins, but still useful. Some coins will fail sure, but people still trade bitconnect(200k volume yesterday).