When will the Crypto Winter End?
This isn’t the first time we’re going through a crypto winter. Previously we had seen the winter from 2018 to 2020. But, post this, we saw the crypto and the entire blockchain industry reach new heights.
Cryptocurrencies such as Bitcoin and Ethereum reached all-time high values. As a result, numerous projects took flight, the NFT and DeFi industries exploded, and all was good.
Usually, with crypto prices, there are events called blips on the price performance charts. In this, a crypto asset first dips drastically, slowly increases, then sees a sudden spike nearly astronomical and reaches a high point, and thereafter, the value drops sharply. Nonetheless, opinions from expert traders suggest that the current crypto winter won't be that much of an enduring event.
These occur only once in a while and are similar to crypto winters. This is because it is not necessary to achieve a new high every time the price drops. Likewise, the crypto industry doesn't need to come out of this winter with sudden spikes. There would be improvements, but one cannot say how fast or slow these would be.
Furthermore, the regulations and laws around crypto assets are being formed and, more often than not, are restrictive. So, only time can tell how this crypto winter will end.
