Now that Bitcoin has lost 84% of its value, the crypto space has seen it all. From the crackdown of regulatory bodies of shady ICOs to large corporations like Fidelity starting their own cryptocurrency projects. During this bear market, we have seen some of the most promising projects go silent, we have also lost some of the biggest Youtube and twitter influencers.
Capitulation is the perfect word to describe the current market condition. Capitulation means to surrender or to give up. In financial circles, this term is used to indicate the point when investors give up on trying to recapture lost gains as a result of falling asset prices, and exit, selling at a loss. This is what’s happening currently. An example is the daily decrease of Telegram followers in most of the projects’ Telegram groups. There has also been a dramatic decline in the volume of cryptocurrencies traded per day.
However, there are still those who understand the core fundamental values of blockchain and can see the potential that cryptocurrencies…