Bitcoin's 4-day winning streak snapped on Sunday with the largest crypto tumbling below $21,000; “The environment in the current crypto ecosystem vastly differs from the heyday of ICOs...' says Tranchess Danny Chong thesamreynods and JPRubin23 report
. As students of crypto history know, once ICO projects finished their token sale they converted their treasury to dollars, and this rapid glut of bitcoin and ether on the market crashed prices leading to the crypto winter of 2018-2019.them through the dark days of that crypto winter came out well ahead, beating the stock market, even high-growth tech stocks that had their best days between 2018-2020, by a mile.But there were also plenty of retail investors that got burned.
Chong also points to the availability of more blockchain ecosystems beyond Ethereum that help shield the market from such rapid declines as experienced during the days of ICOs. . These autonomous trading mechanisms are more efficient than a centralized order book, and prevent price slippage, by providing a readily available pool of deep liquidity to traders.
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