While early achievements have been made in crypto, the industry is still in its early stages of development.For example, the internet was created in 1969 and the World Wide Web was launched in 1990. Cryptocurrencies, on the other hand, have only been around for a little over a decade.
According to a16z, a venture capital firm, the crypto industry evolves in cycles. A cycle usually begins with a rise in the price of crypto assets, which generates social and traditional media excitement. More people enter the sector as a result of the attention and excitement, contributing new code, ideas, and projects. The following cycle will eventually begin as a result of this.
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