The crypto space has been dead silent for a while now, everyone seems to be quiet and not really doing anything in the space, noting has trended in the crypto space. No New life changing NFTs, no new life changing memecoin pump, nothing, just a crypto space filled with a lot of bull market speculations. Some people are re-evaluating their crypto decisions and are thinking of giving up, but then, when you remember how far you have come in this crypto space, you have to have some hope and patience to keep going.
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One thing I can say for sure is that the bear market is quite strong, I didn’t expect it to be this bad, after two years of accumulating crypto assets, it seems like we are still where we were two years ago, its like acquiring a lot and moving any where. Two years ago I had few crypto assets, but the value of my crypto portfolio few years ago is way more than the value of my crypto portfolio now that I have far more crypto assets. But what do you do? Most people who have jobs giving them extra income have nothing to worry about, at the end of the day their Jobs will be able to sort their bills, but for people who dont have jobs, but had to rely on their crypto hustles like DeFi rewards and things like that, things must truly be tough them. Its not so easy to tell them to look away from their portfolio, because the earning from their portfolio is how they survive.
But on the bright side, ethereum gas fees is quite low this period, we are talking about as low as 11 GWEI, which is pretty low, if you are transacting on the ethereum chain you will appreciate how low this is, but at the same time we all know why this is low because less congestion on the chain. Less congestion means not a lot of people are making multiple transactions at a time and this is because, people probably dont have money to keep transacting because the value of their asset is reducing or people are not seeing opportunities in the market. While this is common in the bear market, it is expected to still keep the hope high and dont give up. At least this is what I tell myself to comfort myself. Its all going to be worth it at the end.