Vitalik Buterin urges people to focus on technology rather than price.

As the crypto-currency bear market continues to rage, Ethereum co-founder Vitalik Buterin estimated that that the crypto-currency community should focus on the technology and application system rather than the prices of crypto-currencies.

Being interested in technology is a cultural pivot “significant and positive” versus focusing on potential financial gains. In February, Buterin said that crypto-currency builders would welcome a new bear market.

Read:  ETHW: Ethereum's PoW merger team wants to launch the network 24 hours after the Merge

Rising crypto-currency prices attract massive attention in a bull market, with rampant speculation taking precedence over the technological advancement that crypto offered. As soon as the prices collapse, speculators tend to abandon the market, and the manufacturers are the ones who usually stay during the hard times.

That’s why some industry leaders welcome a drop in prices, because many interesting projects usually appear during bear markets.

As Vitalik Buterin explains, non-viable crypto projects tend to disappear during bear markets, as quality outweighs quantity.

While high prices make many people happy, they also attract a lot of unnecessary speculative attention, according to the Canadian programmer.

Read:  U.S. Justice Department seeks to regain access to documents seized from Donald Trump

The crypto-currency market has suffered a severe crash, with the prices of bitcoin and major altcoins sliding more than 70 percent.

The sector remains in the doldrums after the epic implosion of the FTX exchange, which some skeptics believe could usher in a new era. a true ice age.

The Best Online Bookmakers April 15 2024

BetMGM Casino