have been pummeled this year so far, but some cryptocurrency executives think that this is a good thing despite the fact that the industry is losing money and prestige.that the ongoing market correction would make low-quality projects disappear. Meanwhile, industry participants will be more focused on building instead of making a quick buck.
As reported by U.Today, Ripple CEO Brad Garlinghouse urged investors to zoom out in response to the recent price crash. The executive remains bullish in the long term despite the ongoing market turbulence. The valuation of the cryptocurrency market has now shrunk to $1.18 trillion after peaking at roughly $3 trillion in early November 2021.
Polygon co-founder Mihailo Bjelic believes that a healthy correction is needed in order to make the market more rational after more than a year of extreme exuberance that led to the rise of non-fungible tokens and meme coins. Notably, major crypto industry voiced the same sentiment at the start of the previous bear market. In early 2018, Ethereum co-founder Vitalik Buterin opined that many crypto projects had failed to fulfill their promises. The industry experienced a full-blown crypto winter that year, and many experts believe that the same scenario could play out this time around. , Guggenheim CIO Scott Minerd recently predicted that the Bitcoin price could end up plunging to $8,000.
全球市场投研社区，苦心寻找想进一级市场和不懂一级而没有方向的朋友.二级市场现货分析，财富密码，欢迎币圈的币友进群交流学习+V；lldd-0525
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »