Solana

Jerome Powell

Bitcoin

Base

Famous economist Alex Krüger shared his views on the current cryptocurrency cycle in a recent statement. Krüger's analysis comes in the wake of the recent decline of Bitcoin and the overall cryptocurrency market.
Here are the economist's views on the cryptocurrency cycle:
<ul>
 <li>Krüger believes that the crypto cycle is almost entirely driven by the Bitcoin ETF.</li>
 <li>Despite being a major disappointment, Ethereum (ETH) has performed well overall for stakers and airdrop farmers.</li>
 <li>Solana has established itself as the chain of choice for retail investors, demonstrating excellent product-market fit and outperforming Ethereum. However, it became cramped, stopped working, and crashed.</li>
 <li>Following the collapse of Solana, Base positioned itself as a legitimate Solana competitor in the individual market.</li>
 <li>Memecoins dominated the trends along with Bitcoin. Although most values fell to zero, large-cap memecoins were among the strongest performers of the year and still showed significant returns despite the correction. Memecoins have established themselves as a viable asset class in their own right.</li>
 <li>According to Krüger, almost no new retail investors have entered the crypto sector. Often ETF buyers and previous cycle participants are reallocating and moving off the risk curve.</li>
</ul>
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<ul>
 <li>Many crypto market participants missed out on the Bitcoin ETF due to PTSD (post-traumatic stress disorder). Many then turned to altcoins to make up for the missed bull run. They deployed late and poorly, made larger entries at higher levels, and are now red-hot and at a loss as so many altcoins gave up all of their 2024 gains last month.</li>
 <li>The market began to be flooded with both fraudulent memecoin launches and cash-grabbing founders around February. These founders focus on making quick money and generating short-term excitement rather than longevity.</li>
 <li>Krüger points out that there is a lot of layer 2. According to the analyst, they have become commoditized and, with a few exceptions, most are overvalued.</li>
 <li>Despite the recent downturn, Krüger believes that the cryptocurrency cycle is not over.</li>
</ul>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/experienced-economist-describes-the-state-of-bitcoin-and-cryptocurrencies-where-is-the-market-and-where-is-it-going/" rel="noopener noreferrer nofollow">Experienced Economist Describes the State of Bitcoin and Cryptocurrencies – Where is the Market and Where is it Going?</a>

Experienced Economist Describes the State of Bitcoin and Cryptocurrencies – Where is the Market and Where is it Going?

Bitcoin Sistemi EN

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