Photo: Coin Telegraph
The cryptocurrency space has undergone a number of bull and bear markets since its inception in 2009. The crypto bull run in 2017 was one of the biggest years for the industry, hosting soaring digital asset prices and growth.
Blockchain markets look much different today than they did three years ago, however, based on regulation, adoption, and other factors. How will crypto’s current macro uptrend differ from 2017? Asset dispersion is a key differentiator, according to Pierce Crosby, general manager of asset charting platform TradingView.
“The key here is to be looking at the distribution of accounts, i.e. the total number of accounts holding a given crypto asset,” Crosby told Coin Telegraph.
Additional quote:
"In 2017, there was a disproportionate weighting in very few accounts, whereas now, the number of accounts has grown tremendously. Coinbase alone now reports having 30 million accounts."
Crosby noted technology as another differentiator between the current bull market and 2017. “There are now thousands of applications built on top of one of the various blockchains in the ecosystem, these also play a key role in stabilizing price drips,” he said. The decentralized finance boom this year serves as one such example of advancement.
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تم التحرير 02 Dec 2020, 11:22
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