There is a famous saying credited to Winston Churchill ''The Americans will always do the right thing… after they’ve exhausted all the alternatives.'' After witnessing a series of billion-dollar crypto enterprises went bankrupt, the hottest topic is finally the classification of cryptocurrencies.
The crypto markets finally showed a strong reaction. We didn't hear bad news and rumours about bankrupt and insolvent exchanges in January and the general market sense shifted to positive
All cryptocurrencies have their own tokenomics model. Tokenomics gives us a clue about the future prices of a crypto asset. The scarcer the supply is, the higher the price will be.
Recession in US and miners' sell-off are the new threats in 2023 after the crypto market suffered crypto finance companies' bankruptcies. Contagion is driving the market.
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