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Cryptocurrencies will Flourish if They Survive the Bubble Period
After experiencing a period of spike in growth at the end of 2020, when the market cap exceeds the $ 1,000 billion mark, many cryptocurrencies are experiencing a period of significant depreciation.
Bitcoin’s market cap evaporates over $ 200 billion rapidly. With Bitcoin trading volume on a downward trend, most other cryptocurrencies experience a drop in both value and number of transactions.
Mark Cuban — famous Shark Tank entrepreneur and owner of NBA Dallas Mavericks, has commented on the current downtrend of the market. The case, he said, is similar to a stock bubble, when the asset value has a mass decrease after rising for a long time.
Following the crypto market, I can see it is exactly entering the same bubble period as the stock market on the Internet. I think BTC, ETH and some other coins will be similar to those formed and developed during the dot-com period. They will continue to maintain and survive the bubble burst and continue to thrive like the Amazon, Ebay or Priceline…
