I would like to follow the market trends with great interest and compare the current market price movements after the end of 2021 with previous bearish trends such as the 2018 bear market. I think the cryptocurrency bearish trend may have changed the pattern and took another dimension. . If you've been following the market trends, you've probably noticed that what's happening in the market right now is different from the 2018 downtrend, but yet another sign of a bearish move. What is your opinion
Everything would be much different and here's the factor that could really influenced it out.
-Rate of Adoption
-Rate of recognition/legalization
-Rate of peoples awareness around
or simply in talks with the demand.We cant just ignore out that as years pass by then it would really be on different levels.
I have to agree with you here. With those factors that you laid out, the market movement may be different this time.
We can't base the market performance to a specific year because the situation is already different.
The rate of adoption alone can give a deviation to what may happen to the market.
Aside from that, people across the globe are starting to recognize the benefits of crypto during crisis - pandemic, war.
So in this regard, we may see further boost in crypto adoption, which eventually can positively affect the market.