The get-rich-quick days of crypto are over. Investors are losing their shirts, but industry players say this is healthy

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Analysts say there is a silver lining 🌥⬇️

. As days go on, more and more firms, companies, and platforms alike are coming forward with updates on their financial health or lack thereof.From big players to everyday investors, the impact is being felt far and wide. Even major cryptocurrency-related companies, likeand headcount reductions—several of them having just spent millions on Super Bowl ads as crypto’s market cap was near its peak.

Urban compared the current state of the crypto market to the bursting of the internet bubble in 2000. Looking ahead, he predicts that alongside the distress, innovation will come out of this time period. Many others echoed his remarks. This downturn has revealed the crypto-related projects and funds that were “utilizing more risk than what was prudent,” Miller said. “Similar to other downturns, many players become forced sellers and are subsequently washed out.”

The “biggest thing” to come out of this downturn will be a “focus on fundamentals,” says Tom Dunleavy, Messari senior research analyst.

 

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Lolz investors fomoed the top and got rekt

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