Why the x402 protocol didn’t fade after the PING hype, and what’s driving the second wave

💡 DMK Insight

X402’s shift from hype to tangible infrastructure is a game changer for crypto payments. With Coinbase and Cloudflare backing the ‘402 Payment Required’ model, traders should pay attention to how this could redefine transaction dynamics in the crypto space. This partnership signals a move towards more practical applications of blockchain technology, which could attract institutional interest and drive adoption. As the market evolves, watch for potential price movements in related assets like Ethereum and Bitcoin, especially if they start integrating similar pay-per-use models. Keep an eye on trading volumes and sentiment around X402; a sustained increase could indicate a breakout above key resistance levels. However, it’s worth questioning whether this infrastructure will truly gain traction or if it’s just another trend. If adoption lags, we might see a pullback. For now, monitor the next few weeks closely for any shifts in trading patterns or news that could impact this development.