Finding a real use for it would help
Save time by listening to our audio articles as you multitaskThe idea that a “crypto winter”, the term widely used for a slump in crypto prices, is the time to knuckle down is long-held. Each drop tends to wash out those suckered in by the hype and leave only the dedicated core—those building applications and blockchain technology. Ethereum, now the second-most valuable blockchain, was launched during the first “crypto winter”, after a price spike in 2014.
What will all this mean for the price of crypto-tokens such as bitcoin or ether? If inflation subsides and the Fed eases off on interest rates, it will probably help crypto prices, given how closely correlated to stocks they have been in 2022. But the bigger crypto grows the harder it is to imagine another boom in crypto prices built on hype alone.activity during this downturn does not deliver on a real use for crypto beyond speculation and scams, this chill could well endure.
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