Metrics to Monitor a Crypto Bear Market

What is causing the “Bear Market”?

When we think about the Crypto Space in November 2021, expectations were high that the year will close in a historical fashion with the increase in adoption. The Crypto Space soars to an all time high of $3 Trillion overtaking Gold’s Market Cap, while Bitcoin in itself reaches $68,000 as possibly the best performing asset over a 10-year period. This also is followed with an explosion in NFT and GameFI space, there is hope that this trend will continue to 2022.

Source: https://www.newsbtc.com/analysis/btc/why-the-next-bitcoin-bear-market-will-be-the-worst-yet/

Metrics to Consider:

  1. Does the Coin have any use case / utility?

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Nagaya Technologies

Nagaya Technologies

NAGAYA (NGY) is a Gold-Backed Cryptocurrency with Subsidiary Projects. We aim to build Trust and Value through LEGALITY and TRANSPARENCY. https://nagaya.co/