Crypto Winter Isn't A Thing Anymore

Many have been talking about a slump into what is know as a "crypto winter" We really only ever saw one and it lasted about 2-3 years. So far you could say this crypto winter is now 8 months in the making however it's in general just followed the stock market which makes it unique in the sense of it simply following general markets now.

However that is starting to shift. We are now seeing stocks sell off and crypto start to rally already. While others are laying people off many others are stock up and others are actully hiring on more people. What's simply happening now after the price slump is cleaning out the fat and tinning the markets and businesses that became bloated are either being filter out or downsized to a manageable level.

Business Cycles

What crazy is a business just like people often overspend when money is good and investments seem to just pour out funds and try and hiring on everyone and everyone to expand the business. This often leads to very inefficient business practices and is why these cycles are rather normal.

With that cycle crypto gets hit pretty hard, with all the shady platforms, non legit projects etc what we see is a very rapid and quick flush of those platforms and people out of here while the others remain.

At this point in time you should be watching what cryptos and business are doing well during this so called "Crypto Winter" doing so is going to start to paint a picture for you about what platforms are not only going to make it but thrive like crazy during the next rally.

What I'm Focusing On

For myself the ones I'm looking at are Hive, LEO (Layer 2 token of hive), Polycub (Defi platform for Polygon), Polygon, Pancake, Ethereum, Bitcoin and of course anything Splinterlands.

Advancement

During all of the crypto boom of the last two years we really didn't see much development. All we saw was other platforms copying each other many of which simply were designed to make a quick buck and leave. We saw this across all aspects of crypto from NFTs, DeFi platforms, a few new blockchains (I'd have to say the introduction of new block chains this time around was much less compared to the pervious)

What we are seeing now is a lot of advancement happening in the crypto space. Much of it is currently focused on Ethereum and Polygon with their big updates and soon to be updates. This advancement while it doesn't seem like much now it's actully paving the way for future projects to take foot.

Many of the big play2earn style games which are legit games and not some quick throw together browser based game are also expected to start launching in 2023 which could again help fuel that part of the crypto space. Ownership to me is a big thing for gaming all of those resources, skins and crafting items being real owned assets could be huge for blockbuster style games. (I'm sure the SEC will try to get their hands in that as well super annoying that they are) That aside the crypto space continues to evolve and lately it's evolving faster than it was during the two year rally. Big things are coming soon!

Posted Using LeoFinance ^Beta