I want to understand the life cycle of cryptocurrencies. From their creation, distribution, trading, and usage to their potential decline or replacement, how does the entire process work?
6 answers
Valentina
Tue Dec 24 2024
During the accumulation phase, investors begin to buy cryptocurrencies.
Alessandro
Tue Dec 24 2024
The markup phase sees a significant increase in prices due to heightened demand.
Martino
Tue Dec 24 2024
The distribution phase occurs when investors start selling their holdings.
Sara
Tue Dec 24 2024
A
crypto market cycle encompasses four distinct phases.
Ilaria
Tue Dec 24 2024
The markdown phase is characterized by a decline in prices as the market corrects.