An Observation on Crypto Cycles: Is there still a Future for the Token Economy after Entering the New Cycle, Part 1

We review the crypto market over the past 6 months and analyzed the alteration of the market sentiment from optimism to anxiety by comparing the recent 2 cycles. Last Cycle of the Market In the previous cycle of Bitcoin’s development (2014–2018), there were a lot of new things and transformations that emerged in the crypto market. In this process, the following ideas left a deep impression in my mind: The development of blockchain is indicated by the increase in Bitcoin’s price. The token economy is more important than Bitcoin, which was especially apparent in the last cycle as reflected in the…...