Cryptocurrencies exploded in popularity during 2017. This momentum carried over to the start of 2018. However, a bear market set in shortly after. Many cryptocurrency prices tanked, leaving multiple investors struggling and out of pocket.

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However, many aruged that the exponential growth from 2017 was never going to be sustainable.

The cooling off period for Cryptocurrencies

Therefore, at some point a cooling off period was necessary, which we’re seeing now. The hype was reaching unprecedented levels. People with no knowledge of the cryptocurrency space looked to make a quick buck. This led to prices becoming increasingly inflated over time. This bear run currently continues, but there are some green shoots emerging. Since this is a relatively new sector, there are growing pains evident. However, others take this extended bear run as being the end of cryptocurrencies.

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