List of dead coins.[1]
NFTs stall, rather than crashing. High asking price, low offering price, few sales. Peak NFT volume was in late 2021.
Everything that depended on growth rather than profits is tanking. Even Softbank is in trouble.
Despite tens of billions in investments poured into the space, crypto is fundamentally unable to create lasting value.
For the 900th time, the crypto bubble is 'popping' or it has already 'popped'. The speculators and bag-holders are getting flushed and wiped out once again just like in 2017. This is before regulations are coming and it is happening again.
Meme-coins and other useless ERC-20 tokens will collapse and become abandoned where as the utility in many other cryptocurrencies (coins not tokens) will continue to survive.
Until then it has to go down before another drive higher which will probably happen after another Bitcoin halving, most likely in a couple of years time.
On the other hand, after the current central bank shenanigans, trust in centralized institutions is even lower and non-centralized currencies become more attractive.
Its a wait and watch for me.
Besides the wealthy, there's the army of believers putting in small money.
Risk assets look very different when you can borrow at 0.5% interest rate vs 3.5% interest rate.
For the 4th time. See you in 4 years for the next crypto bubble.