Most of the protocols still have a long way to go to create actual economic value. The adoption rate of tokens does not show much correlation with their prices. Moreover, how many protocols can finally realize the scenarios described in their white papers also make the market doubtful.

The third halving will occur in May 2020, and the block reward will be halved to 6.25 BTC. The total supply of Bitcoin is 21 million, and the proportion of Bitcoins mined by the end of this year is about 86%.