So, based on what we can find on the internet, most of the transaction is done over blockchains (no matter which you pick) is for speculation purposes.
- the transaction fees are based on the network load, this means that (e.g.) ethereum fees are this high just because there are a lot of person trading crypto for speculation purpose
- the price of the cryptocurrency is based on the value that people give to it (the interest we can say)
- the more a currency is volatile, the less we are incentivised to use it as a currency (since 10$ in Eth today might be 8$ tomorrow due to its volatility)
Isn't the speculation over cryptos actually bad for the blockchain itself?
I mean, due to the increasing cost of transaction (because of the amount of transaction for speculations) there might be companies that won't integrate blockchains in their project because they are too expensive