Okay so the numbers are down from the heights we know they could actually reach. To put it plainly, we are a long way from the ATH, at least that's what market data says.
One thing I've learnt over the years is that the market data doesn't tell the whole story. One thing I always never fail to share is that a project's value isn't determined by bullish or bearish sentiments in the market.
In fact, as far as I'm concerned, the market's perception of a project only represents a fraction of the actual worth of the project.
In reality, a solid project will survive any market condition because its existence isn't based on numbers on the screen. So whether things are good or bad, a working project will thrive anyway.
A fine example is Hive where content creators are actively working to improve the quality and quantity of posts in the space. Bearish or bullish market may determine the value you earn but at the end of the day, you still earn.
Compare this to the now defunct Luna platform that could easily be rekt through market activity. That could never happen to hive because regardless of the price of Hive, your content will ALWAYS be on the Blockchain.
I don't know if it's just in my head but there's this sense of assuredness I have that the market will get back to its glory days. I may not know when or how but I know that the bulls will eventually come to the party and numbers go up the way it went down.
Perhaps this feeling of assuredness is just my perception and it is also possible that my years of experience in this market has also made me more conscious of the way the market operates.
The truth is, while the market is indeed bearish, I'm not.
In fact, right now, my perception of the crypto industry is pretty much the same way it was when Bitcoin was at the $69k range. The only difference is that the dip has adversely affected my income but a reduced income doesn't kill the dream.
This is not the first bear market and I assure you that it will not be the last either. Crypto volatility is not going away anytime soon.
Think of this as your timely reminder of where we are and where we're going. Right now we're bearish and eventually, we'll get to the moon.
Always remember that whether its Bullish or bearish sentiment could affect will most likely influence the derivable value from a project. However, regardless of the condition, one thing for certain is that there will always be value.
I suspect that as the days go by, the bear market will continue weeding out the "Judas in our midst" and eventually create a sustainable market where crypto projects can thrive.
