For some reason, Elon Musk stopped tweeting about DOGE and even Bitcoin, making people lose interest in crypto these days. Add to this the China miner ban, and regulatory action against Binance exchange and you'll see why the market hasn't gone up that much within the last 2 months (approximately). Bitcoin is still struggling to reach a new ATH, while ETH doesn't get past $3k per coin.
Sometimes I wonder if the crypto hype is over. "De-Fi" and NFTs are still a big hit, but interest/demand seems to be slowly declining. I'm guessing the next Bitcoin halving will "revive" the hype. But there's no guarantee this will happen since crypto behaves in many strange and bizarre ways.
Do you think the crypto hype is over? If not, why? Your input will be greatly appreciated. Thank you.
crypto existed and continues to grow before there was a tweet from Elon Musk who always tweeted about doge and btc.
btc continues to grow and the price is always expensive. sideway for 2 months is normal in the crypto world.
do you remember that btc used to be bearish after reaching ATH but was able to bounce back until now. so does eth even though it's been sideways for a long time
but they continue to grow with the project eth 2.0.
crypto will continue to grow, coins with a large market cap will definitely continue to innovate so that their projects will be better in the future.
the hype in the crypto world is just a sweetener, but the main thing in the crypto world are people who develop coin projects to be even better in the future.
so invest in crypto by looking at the projects and achievements they have done, not just from the hype, the hype will only be sweet at the beginning then the sweet taste will disappear.