Despite the crypto winter that we are experiencing today, the presence of industry giants will make the difference to help chart a more ambitious pedestal when the market veers back into the Bull market again.
The digital currency ecosystem has times and seasons, the two most prominent being the Bull season and Bear seasons.
Each of these seasons is marked by contrasting features and depending on the disposition of the traders or investors in the space, it can either make or mar. In the Bull market, for instance, the prices of cryptocurrencies are growing, the trends are showing positivity, the charts are green and every stakeholder is optimistic about what the ecosystem offers.
The Bull season is that time when investors cart away a lot of funds and Virtual Assets Service Providers (VASPs) make a lot of money. In periods of bull runs, the flaws of woeful projects are hardly known and even a bad protocol can raise funds from investors who would not want to miss out on the growth that is seen across the board.
The bear market is the complete opposite of the bull season as the prices of crypto assets, and the valuation of crypto projects are all slipping. Today, the crypto industry is experiencing one of its most serious winters and this has been characterized by bankruptcies, the retrenchment of staff, and the conservative investment approach from investors into the space.
As a major sign, the rate of entry of new projects is slow as many innovators are skeptical of the receptivity their projects will receive should they launch.
Bear Market Interspersed with Major Industry Players
The bull market that attained its height in November 2021 showed to a very large extent how mature the industry has come. Notably, the ecosystem has now extended beyond Bitcoin (BTC) and its tag as a coin for nerds to a space where more functional protocols like Ethereum (ETH), Avalanche (AVAX), and Solana (SOL) amongst others now permeate.
Innovators are now pushing more utility across the board through Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs).
Seeing the evolution in the industry, more mainstream tech and financial giants including Alphabet Inc (NASDAQ: GOOGL), Paypal Holdings Inc (NASDAQ: PYPL), and Microsoft Corporation (NASDAQ: MSFT) amongst others have now started injecting cash and offering tailored products and services to help bolster the emerging Web3.0 space.
Despite the crypto winter that we are experiencing today, the presence of industry giants will make the difference to help chart a more ambitious pedestal when the market veers back into the Bull market again.
The Place of CryptoUnity in the Future of Web3.0
Today, the crypto and Web3.0 ecosystems are building the basis to welcome the next phase of a billion users into the industry. With infrastructures being built to accommodate this massive influx of new users, one thing is lacking, and that is the access to right education for all.
Here is where the CryptoUnity platform comes into play. For a protocol that has been under development for more than 2 years, its focus is to provide very simplified and secure access to all the information that any user in the industry will have when navigating the space.
As we journey into the next phase of the crypto ecosystem evolution, CryptoUnity will provide the avenue to learn, through workshops, and 24/7 support, how to trade, keep custody of all asset types and join pre-sales amongst others in a highly secure manner.
“Our vision is to create one of the leading, beginner-focused crypto platforms. We intend to take the opinions of our users into account and so become the first choice for beginners,” said S. Špenko, founder and CEO of CryptoUnity
Powered by the CUT token and backed by some of the biggest innovators in the space, CryptoUnity aims to make the crypto and Web3.0 experience worth everyone’s while in the short to long term.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
