Cloudy Sky Still Covering Crypto
One of the reasons why crypto prices have not yet recovered is because of the large selling action since the end of the year. And one thing that causes the price of crypto to decline is due to the policy of the Chinese authorities which requires many investors to immediately leave the exchange platform, and the deadline given is December 31, 2021, at the latest.
However, since last Monday, which has entered 2022, the crypto market is still shrouded in clouds for some of the featured coins and tokens. The existence of a year-end prediction that Bitcoin is expected to break through the $100k mark did not happen, thus making the crypto community also now starting to doubt about a prediction that is usually relied on. One of the most popular stock-to-flow BTC price projection models proposed by Plan B analysts does not produce reliable predictions anymore.
Indeed, not all crypto has a market that is still shrouded in clouds. From several cryptos that are wrapped in DeFi's presence, it shows a fairly good market at the end of the month until the end of this year such as Yearn Finance and also those that have not entered the Oasis Network crypto world for a long time.
In the end, the market record has changed a lot and is no longer what it used to be. Where can synergize the existence of events in the years that have been passed by crypto? The market is now starting to look for the existence of the identity of each advantage and also the network that runs in their ecosystem. The community becomes a colony that can provide an important role in conditions that occur in the future. Besides, it has become a necessity for every ecosystem to be able to follow the developments that are present every time. If not, it's likely to be slowly abandoned by the community itself.
It can be seen even today that the existence of crypto is still in a state that cannot penetrate the $50k limit for the price of Bitcoin as the mother of crypto today. It seems that investors are still reluctant and cautious in making choices before something will push crypto to move from the cloudy conditions that surround it.
If it is said that currently, hodlers are increasing their time capacity to act as hodlers. Increasingly taking longer to hold existence to sell their coins. And finally what happened to the market was the condition of selling in small quantities that can only be seen today.