We’ve just completed a near-full crypto space cleanup

This last year we’ve had lots of negative factors and events in crypto joint by quite bad economic situation in the world that lead to some really big challenges to all of the crypto industry.

First we got a LUNA collapse which impacted the entire crypto market and tanked the price of all of the coins. This lead to the shakeup of the lending exchanges and made some companies like Celsius or Voyager to go out of business completely. 3AC was forced into liquidation too. Public learnt that no coin is safe and you have to be extremely cautious of those altcoins.

Then we had the whole FTX fiasco. This hit was bad on crypto and people, but it was especially bad for all of the exchanges. Crypto com got a huge stress test with all the massive fud spreading around themwhich they passed, binance and other exchanges were experiencing massive withdrawals and this lead to people understanding the importance of self-custody.

Now we have the bank of some crypto companies and even stablecoins to receive a hit. All the stablecoins are on shaky ground which surprisingly made USDT the most safe of them all at this particular moment. These coming few days or even weeks will show us who is gonna fail this teat and who will succeed.

I know that there’re still lots of uncertainty and doubts about all of the coins individually and crypto industry as a whole, but during this last year we’ve had a good chance to see who is most likely gonna stay here for the long time.