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Force majeure or a natural outcome? - immapsummit
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Financial portal analyzed. What happened to the cryptocurrency in January-June 2022 Key indicators on the crypto market in the first half of 2022: Among the major cryptocurrencies, the drop was noticeable. The price of BTC decreased by 26.2 thousand. dollars (-56%), ETH collapsed by 70% – from 3.6 to 1.1 thousand dollars. Approximately the same “losses” for BNB – Binance Coin decreased by 57%, to $ 219.

The worst “crypto–winter” is experiencing:

SAND – price reduction by 82%, AXS – 85%, FLOW – 83%, the LUNA coin lost almost 100% of its value, the DOGE meme coin fell 10 times, Litecoin – 5 times. Growth leaders were noted. GMT (the token of the STEPN project) has updated the maximum for the first 6 months, and has increased in price by more than 140% in just 3 days of March. In addition, the token of the BinaryX gaming platform grew by almost 142%, and the Green Metaverse Token – by 605% at all. Also, coins NEAR (10 times growth) and Solana (+76%) went against the market. Due to the close connection of the crypto market and ordinary exchange markets controlled by the United States, the current “crypto winter” has become one of the most “severe”. Washington’s monetary policy, record inflation, the lack of decentralization of the world of cryptocurrencies, the shift of investors’ interests towards traditional assets – all this caused a chain of negative events. Related institutions have also suffered. For example, thousands of employees have been laid off from more than 10 major trading platforms, including Coinbase, Gemini and ByBit. At the same time, digital P2P loan services have received an influx of new customers – although many crypto companies and exchanges have announced joining anti–Russian sanctions, lending conditions here are often more favorable than in banks. In general, it is worth noting that cryptocurrency has entered people’s lives much stronger than many people think. For example, in August 2022, Expobank issued a regular loan, which an entrepreneur client secured with Waves tokens. This is the first case in Russia, but it can stimulate further work of the banking sector with clients’ cryptocurrencies. However, until there is legal certainty, Russians should still rely on well-known standard loans or loans for a short period in MFIs. What will happen to the crypto market next, a decrease of more than 2 times in the capitalization of the cryptocurrency market, a decrease in trading volume and a collapse of the main coins by an average of 50-60% means the height of the “crypto winter”. But the market is cyclical – experts expect growth by 2024. This can be facilitated, among other things, by the further spread of cryptocurrencies, because already today it is possible to take loans, store NFT and run games in it. On the one hand, when the “fear and greed index” was 45 points out of 100, many investors lost interest in cryptocurrency. But on the other hand, it is an opportunity to accumulate assets by buying them at a minimum price. Some experts believe that the final fall of the crypto market will occur in the fall of 2022. Growth requires a confluence of several circumstances: a reduction in inflation risks and the ability of the US Federal Reserve to contain inflation; a change in US monetary policy; strengthening of the stock market, which would allow traders and investors to buy American indices more actively. At the same time, there are optimistic forecasts. For example, Finder believes that by the end of 2025, the cost of bitcoin may grow to 106 thousand dollars, and in another year it will become 3 times higher. Therefore, it is definitely not worth talking about the depreciation of the crypto market.