Looking at numbers, BTC went up 15.8% in the last 24h, up 16% in the last 7 days. Global marketcap of cryptocurrencies went from 804B USD in November 2022 to 1,121B USD today (~32% increase). If anything, it seems to slowly recover.
Although I agree that NFTs are trash and should be forgotten about. But the cryptocurrency market as a whole seems to be more resilient than many think.
Crypto, however, will remain popular as long as governments don't ban it.
1. Public cryptocurrencies will remain there as a sort of niche investment (betting?) vehicle. Something like "VWOB - Emerging Markets Government Bond ETF". Did you know about that one? Neither did I.
2. Private permissioned blockchains will be used in specific niches. Think Corda and some finance applications, whatever the commodities thing is called, I forgot its name.
But the long tail of Bladogelitecoin and the likes will go poof once line stops going up.
Neither are most other coins.