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Could The Crypto Winter Last Up To 24 Months?

The CEO of the Paris based tech company Ledger has said that the crypto bear market could last up to 24 more months.

Eric Larchevêque is a computer science graduate from EISEE Paris, highlighted that the low price in cryptocurrencies have had an impact on the industry as “the presence of mass media is much smaller.” In addition to this, when digital asset project valuations are down, there’s usually “less traffic and fewer sales.”

The comments from Larchevêque came during an interview with CCN last week during which he stated that the management at his firm is expecting a kind of “nuclear winter in crypto”. Going on to explain Ledger’s game plan when it comes to dealing with a lower projected revenue in what is now the longest bear market in history, Larchevêque said his development team was “adapting the growth of the company to make sure [it] can withstand two years of the bear market.”

In addition to this, Larchevêque said that cryptocurrency prices go through different…

Read Full Story : Crypto Daily™

2019-02-04 14:00:00

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