The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
No Result
View All Result
Saturday, June 10, 2023
  • Login
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle
Subscribe
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle
No Result
View All Result
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
No Result
View All Result
ADVERTISEMENT
Home Learn Blockchain

End of the bearmarket or prolonged winter for cryptos?

by Ashutosh Thakur
December 19, 2022
in Learn Blockchain
132
0
End of the bearmarket or prolonged winter for cryptos?
153
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

After the collapse of FTX, two months of FUD, and a cryptosphere on the defensive, the bear market may end sooner than expected. Will we soon witness the end of the bearmarket?

A well-known crypto winter

The cryptocurrency market is on a downtrend for over a year now. And according to some analysts, a period of lower volatility would start soon. For others, we could see a rapid reversal of the situation as soon as the global macroeconomy improves.

RelatedPosts

New drop to come on the price of Dogecoin (DOGE)? this new meme corner could take its place

The Graph (GRT) keeps rising for 6 days: how far can its price go?

Ethereum (ETH) price remains stuck below $1,900 as this new project continues to impress

Yesterday, cryptocurrency analyst “Cold Blooded Shiller” shared with us a comparison of the current market state to that of the down cycle in 2018/2019. After a rapid and devastating bearish period, the market entered a state of calm with little trading and a volatility at its lowest pendant 1 year and a half.

The analyst suggests that we could see a similar scenario during the current cycle. The bear market would extend into 2024 if the scenario repeats itself.

In a series of tweetsCold Blooded Shiller explique :

Seems pretty similar atm, volatility, sell off from this region to fresh lows, start the volatility slowdown for the next 12 months.

The picture looks pretty similar right now: volatility, selling off from this zone to new lows, beginning to slow down in volatility for the next 12 months.

Seems pretty similar atm, volatility, sell off from this region to fresh lows, start the volatility slowdown for the next 12 months. pic.twitter.com/nzeBMVtjvC

— Cold Blooded Shiller (@ColdBloodShill) December 18, 2022

Is a rapid market recovery still possible?

Currently, other analysts believe that a potential reversal Steps is very close. A specialist analyst crypto DeFiKamikaz_ETH, explained that making a comparison between current markets to those before “DeFi summer” doesn’t make sense.

There will be no extended 1-2 year crypto winter – a couple months tops depending on how fast macro bottom.

There will be no prolonged multi-year winter on cryptos. It will be several months at most, compared to how quickly the macroeconomy stabilizes and builds its bottom.

According to him, all traditional financial companies are preparing to offer services based on digital assets. Cryptocurrency now has endless use cases implemented in the real world. By the way many of them are based on the ETH of Ethereum. In a tweet, he explains:

2020/2021 was not the third crypto cycle – it was the first crypto cycle based on actual functional use cases.

The year 2020/2021 was not the number 3 cycle of cryptos, but the first cycle based on real cases of functional use.

There will be no extended 1-2 year crypto winter – a couple months tops depending on how fast macro bottoms

Every tradfi firm is preparing to offer crypto services

Crypto has real use cases, almost all of which are based on Ethereum

Comparing to pre-DeFi summer is meaningless https://t.co/vG1uTSvaV5

kamikaz ΞTH 🦇🔊 (@kamikaz_ETH) December 18, 2022

Leaving aside the use cases, the situation macroeconomic is the most important factors among those that influence the cryptocurrency markets. It is unlikely that individuals will start investing again until they have the cash to do so. They won’t find that cash again until inflation is brought under control and bills come down to normal levels.

Next year will probably be marked by a continuation of the market dynamics, without any real new collapse. The phase of panic and extreme fear seems to have already passed, with the markets having dropped 73% between the current top and bottom. Nevertheless, this does not necessarily prove that there will be no new panic movements.

The latest market movements

The crypto market remained fairly stable over the weekend, with low activity and little movement. The capitalization package amounted to 839 billion dollars during the asian session this morning, which is relatively close to the bottom seen in last month’s cycle. Right now, BTC is stabilizing around $16,700 while the second crypto on the market, Ethereum, is trading around $1,180.


In the same theme, find out why Bitcoin is falling back below $17,000:

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

New drop to come on the price of Dogecoin (DOGE)?  this new meme corner could take its place
Learn Blockchain

New drop to come on the price of Dogecoin (DOGE)? this new meme corner could take its place

June 2, 2023
1.9k
The Graph (GRT) keeps rising for 6 days: how far can its price go?
Learn Blockchain

The Graph (GRT) keeps rising for 6 days: how far can its price go?

June 1, 2023
1.9k
Ethereum (ETH) price remains stuck below $1,900 as this new project continues to impress
Learn Blockchain

Ethereum (ETH) price remains stuck below $1,900 as this new project continues to impress

May 25, 2023
1.9k
Why the price of Fantom (FTM) could double in the coming days?
Learn Blockchain

Why the price of Fantom (FTM) could double in the coming days?

April 19, 2023
1.9k
Decentralized storage, this alternative to Google Cloud and Dropbox
Learn Blockchain

Decentralized storage, this alternative to Google Cloud and Dropbox

April 16, 2023
1.9k
Uniswap: the levels to follow on the UNI course this Sunday
Learn Blockchain

Uniswap: the levels to follow on the UNI course this Sunday

April 16, 2023
1.9k
Load More
  • Trending
  • Comments
  • Latest
-The Blockchain Cafe

Write for us – guest post

April 14, 2022
Important Update On The Celsius Network

Important Update On The Celsius Network

June 14, 2022
TCS-The Blockchain Cafe

TCS roll-outs Quartz DevKit to help businesses build blockchain applications 40% faster

December 4, 2021
Quorums and Quorum Slices -The Blockchain Cafe

What Are Quorums and Quorum Slices?

December 4, 2021
OneCoin: the $4 billion Ponzi back in court

OneCoin: the $4 billion Ponzi back in court

0
The Blockchain Cafe

10 Things A Crypto Beginner Should Know

0
Binance Launches Training Program for Government Agencies

Binance Launches Training Program for Government Agencies

0
NFT games only scratch the surface of possibilities according to Animoca’s Yat Siu

NFT games only scratch the surface of possibilities according to Animoca’s Yat Siu

0
Altcoins: Is Binance Coin (BNB) in danger from SEC attack?

Altcoins: Is Binance Coin (BNB) in danger from SEC attack?

June 9, 2023
On the issue of Bitcoin (BTC) supply

On the issue of Bitcoin (BTC) supply

June 8, 2023
Bali wants to crack down on crypto-payments

Bali wants to crack down on crypto-payments

June 7, 2023
Binance under dark clouds

Binance under dark clouds

June 7, 2023
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency

© 2022 The Blockchain Cafe - Designed and Maintenance by The Blockchain Cafe.

Navigate Site

  • News Story
  • Blockchain
  • Cryptocurrency
  • NFT
  • Metaverse
  • DAO
  • Listicle

Follow Us

No Result
View All Result
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle

© 2022 The Blockchain Cafe - Designed and Maintenance by The Blockchain Cafe.

Welcome Back!

Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version
x
x