Speaking at the Foresight 2024 conference in Hong Kong, Tieshun Roquerre noted that the current market cycle has yet to see fundamental changes that could trigger a new wave of social adoption of cryptocurrencies:
“In terms of fundamental technological innovation, there is nothing new in this cycle. It is largely driven by the launch of ETFs and regulatory pressure. So this cycle is not developing in the same way as previous ones.”
Previous market cycles have had features including initial coin offerings (ICOs), the launch of the decentralized platform Uniswap, and the creation of non-fungible tokens (NFTs). These events have seen large influxes of funds centered around leading cryptocurrencies and new asset classes such as NFTthe expert emphasized.
The non-fungible token market is currently facing major challenges and a solution needs to be found NFT new uses to renew investor interest in them. Tieshun Rocker announced several new features for the NFT marketplace Blur. The project is preparing for its largest infrastructure upgrade in history.
Earlier, experts from the financial company JPMorgan said that the high volatility of the digital asset market did not scare off institutional investors.
Source: Bits

I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.