The interest in trading cryptocurrencies among the millennial generation has gradually declined at an exponential rate. With over 300 million crypto users worldwide, it is not surprising that every user must be waiting for an update from the market about what will happen next.
Reasons Behind Fall
One of the prominent reasons behind the fall of the crypto market is the recent introduction of new policies on decentralized assets. On the other hand, the increasing Fed rate has also created a massive impact on the crypto market, which has led to its downfall.
Apart from the above-mentioned reasons, the recent geopolitical situations have also significantly impacted the overall crypto market effectively.
The millennial generation has enjoyed the way digital payments and digital currencies have worked, and it is also proven that the idea of digital currencies is not only an alternative to the traditional currency and banking system.
Defi Powering the market.
As the crypto market is at ATL or All Time Low in the digital world, Defi or Decentralized Finance has powered its growth effectively. The transactions occurring in the decentralized world are quite different from traditional financial transactions, and it is commonly known as smart contracts.
Apart from the factors mentioned above, everything that happens in the online space has an impact on the crypto world and makes them volatile. At the same time, the volatile nature of the market is one of the key reasons why the millennial generation has enjoyed investing in the crypto market.
All in all, the crypto world has the potential to lay a strong base for the future of the financial world, whereas the current financial trends will affect the way it works.
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