Blur's founder: The on-chain ecosystem is much better than the bear market in 2019, and leading projects often emerge from the bear market
Pacman, the founder of Blur and Blast, posted on social media that the bear market in 2019 was actually depressing, with no heat whatsoever and no users for crypto at that time. Now we have DeFi, Perp DEXs, NFTs, profitable stablecoins and most importantly, there are still quite a lot of users on-chain who are very active (in terms of transaction volume and scale). Although it's hard to predict whether the coin price will rise or fall in the next few days or weeks, this field will continue to exist. Each cycle will produce new category leaders which are almost always established during bear markets (Blur was also established during a bear market). This is counterintuitive but times like these present the best opportunities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Swap Contracts Show Over 50% Probability of Fed Cutting Rates by 50 Basis Points This Week
Bitcoin falls below $58,000, down 3.45 per cent in 24 hours