📈 Market Update: Macro Outlook and Crypto-specific Dynamics Remain Driving Forces for Token Prices ✨
↘️ Markets are factoring in downside risks to economic growth
↘️ Crypto industry may already be through much of its recession
↘️ Longer term strategies may start to see value in lower crypto valuations
There are two broad driving forces in the crypto market at present; macro developments and crypto specific factors. And they are not mutually exclusive. As we discuss, the change in the macro backdrop and outlook has exposed shortcomings and excessive leverage in the digital asset space, resulting in the steep decline in token prices seen this year.
Read the full report by Robert Lynch here: alt5sigma.com/market-update-macro-outlook-and-crypto-specific-dynamics-remain-driving-forces-for-token-prices
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