State of the Job Markets Drives Instability in Crypto Alternatives

I believe the more uncertain individuals are about the future of the economy, the less in demand alternate cryptocurrencies will be. It's been proven in history that money centralizes during uncertainty. We have the working-class population, who are the vast majority of investments for alternate cryptocurrency… worrying about AI and the job market. So far 1.1 million jobs have been completely eliminated from the U.S. this year due to automation. Excluding 2020, when COVID anomaly took place, the usual amount of layoffs per year since 2010 have been anywhere between 500,000 to 750,000 max. Layoffs spiked in 2001 coinciding with the dotcom crash. and spiked again during the 2008 and 2009 (1.2million layoffs each).

And we aren't the only economy who's hurting right now.

The economy is strained and when people have nothing to worry about, alts will come back.

The majority of all the volume in the onesies and twosies alt coin pops now are from Korean Exchanges.