For some reason, Elon Musk stopped tweeting about DOGE and even Bitcoin, making people lose interest in crypto these days. Add to this the China miner ban, and regulatory action against Binance exchange and you'll see why the market hasn't gone up that much within the last 2 months (approximately). Bitcoin is still struggling to reach a new ATH, while ETH doesn't get past $3k per coin.
Sometimes I wonder if the crypto hype is over. "De-Fi" and NFTs are still a big hit, but interest/demand seems to be slowly declining. I'm guessing the next Bitcoin halving will "revive" the hype. But there's no guarantee this will happen since crypto behaves in many strange and bizarre ways.
Do you think the crypto hype is over? If not, why? Your input will be greatly appreciated. Thank you.
If you look at that this topic was created in early August, it is not at all surprising that during this period we do not observe a high price growth of the cryptocurrency. During the summer holidays, business activity drops in all markets and this is natural. However, even in spite of this factor, by the end of the summer, bitcoin climbed to $ 50,000, and the price of ethereum is in the range of $ 3200-3300.Sometimes I wonder if the crypto hype is over. "De-Fi" and NFTs are still a big hit, but interest/demand seems to be slowly declining. I'm guessing the next Bitcoin halving will "revive" the hype. But there's no guarantee this will happen since crypto behaves in many strange and bizarre ways.
Do you think the crypto hype is over? If not, why? Your input will be greatly appreciated. Thank you.
Considering this and other circumstances, I think that in the fall we will still have some pleasant price news from the cryptocurrency. It is the fourth quarter that, as a rule, is very productive in this regard. The market will grow, and the hype around promising cryptocurrencies will also rise.