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on May 13, 2022
Crypto value took a hit last November (2021), and ever since, it’s been a plunge in the sector. While a few crypto holders rush to sell their assets (to make something out of it), experts predict that dip-in market scenarios would lead to the advent of new cryptocurrencies.
Let me back it up with numbers!
Assets Liquidated,
Eloisa Marchesoni, a crypto expert, says that: almost $1 billion of crypto assets was liquidated in the last two days (taking two days prior to writing this blog!).
She also adds, “Increased institutional adoption of crypto has had a big impact, along with the stock market”. Both crypto and stock markets have been witnessing the dip simultaneously.
Need for New Coin
The pandemic-inflicted inflation is a major reason for the downturn in the general economy. Some experts attribute the same reason for the crypto dip (as well) - as there are very little to zero cryptos that adjust to the new monetary conditions.
Do you wonder - what does this mean?
There is an increasing need for an Altcoin that takes a multi-dimensional approach to the cos-existing traditional economy. Marchesoni echoes the same in her recent interview as follows: Until the crypto market starts adjusting to the changing monetary conditions, I do not think crypto will rise again.
Why wait?
Well, it is evident that there is a need for an Altcoin that serves as a respite for the current crypto sector.
If you’re an entrepreneur reading, you can embrace Altcoin development services for the greater good!
Do you have any second thoughts regarding this content? Feel free to drop those in the comments section.
Posted in: Business, Technology