Industry at a Crossroads: Crypto Enters Fourth Phase of Development
The cryptocurrency market has evolved significantly over the past decade, featuring over 5,500 different cryptocurrencies and a market capitalization exceeding $250 billion. Researchers from American venture capital firm Andreessen Horowitz suggest that the industry, now 11 years old, is currently in its fourth supercycle. The previous three cycles have each led to key developments that have influenced the broader market landscape.
In a report released earlier in May, the firm argued that despite the seemingly chaotic nature of the crypto market, historical cycles have followed a similar pattern. Each new phase typically begins with a significant surge in Bitcoin’s (BTC) price, which reignites interest in cryptocurrencies and paves the way for new ideas and startups to emerge.