In November 2021, the crypto market led by BTC, Ethereum, BNB Coin, and many other altcoins shot up to $3 trillion at the time $BTC hit an all-time high of nearly $70k. There were high fear (FDI) sentiments and FOMO in the crypto market at the time also. Afterward, Bitcoin began to normalise to price points below $60,000. What may not have occurred to many expert traders was that the crypto market would eventually continue the downtrend in what became the crypto winter of 2022.
Though the 2022 crypto winter was so bad that many top cryptocurrencies and protocols liquidated to nearly nothing, there were still many positives from the industry. A typical example of a worst-case scenario for 2022 was Terra Luna (LUNA) crash — a cryptocurrency launched and managed on the Terra blockchain by Terra Labs.
Luna’s incident dragged the crypto market even more. Luna lost more than 99% of its value in the incident —dropping from $120 per unit value to less than $0.02. The incident caused the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...