Crypto Market Faces Crisis of FOMO and Scams, Experts Call for Return to Fundamentals
The crypto market is currently dominated by Bitcoin, which controls over 60% of the space, while altcoins are struggling to keep up.
Once known for its rapid innovation, the sector has devolved into a breeding ground for speculative meme coins and scams, leaving investors disillusioned and exhausted.
For years, the crypto world was defined by growth and cutting-edge projects. However, this growth has become overshadowed by a shift in priorities, with the market increasingly focused on quick gains rather than long-term value. Alejandro Navia, co-founder of NFT Now, called attention to a concerning trend, stating that the situation today feels more worrying than a typical market cycle. Macro analyst Lyn Alden also warned…
