In France, the crypto industry is resisting the market crisis well
Even the most promising players see this new bear cycle as an opportunity.
The brutal fall in cryptocurrency prices is not exactly impressing the most promising companies in the crypto industry in France. “The consequences are unequal for the actors because there is no homogeneity of maturity. For well-established companies, this cleaning of the market is rather seen as an opportunity”, summarizes Faustine Fleuret, president of the Association for the Development of Digital Assets (Adan), which brings together 170 players in the crypto and blockchain industry in France.
Many of them have already passed the previous “crypto winter” of 2018-2019. Anticipating this new cycle of bear prices – the young cryptocurrency market is already in its fourth – companies like Ledger, Coinhouse or Sorare managed their cash during the bullish phase and are focused on executing their roadmap, decorated with Bitcoin or Ether shocks. Wary of economic uncertainty, companies…