Chainlink Founder: "The Current Downturn Is Fundamentally Different from Previous Bear Markets"
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Chainlink (LINK) founder Sergey Nazarov has assessed that the recent cryptocurrency market correction is fundamentally different from past bear markets. According to Cointelegraph, he explained, "This bear market is not a regression for the industry, but rather a demonstration of how far it has evolved. Market cycles are repetitive, but what matters is whether the industry proves its stability and maturity during the process. This correction did not repeat the 2022 FTX collapse or the chain of bankruptcies of crypto lending platforms, nor did it observe widespread risk management failures or systemic risks. This suggests that the cryptocurrency industry has entered a phase where it can absorb volatility more stably than before."
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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