Greetings to all the readers of this great platform, especially to the great community of #LeoFinance, in the present opportunity, I want to share with you information related to the current market and the influence that this generates in new projects, whether it is a positive or a negative influence to these project, since the market is in a zone that can generate a lot of panic as well as a good response.
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As many know, the current market is again in what is apparently an accumulation zone, being this zone of great uncertainty for many people, this is because there are no clear signals that indicate a recovery or a fall of the market, so it can be considered as a zone of market indecision, as well as an accumulation zone as it is within the range.
Currently many blockchain projects have not started due to the fear that can generate what the BTC does, as this can positively or negatively affect the projects that are recently coming out, and everything will depend on the direction that the BTC will trace in the following days, so you should be very careful when launching a project.
The BTC is the main currency that governs the crypto market, and with it can generate the success or failure of new projects, a project that recently started and is facing a sharp decline in the price of BTC can lead to total ruin, because the BTC drags the market in general and a new project that has little support can end in nothing, being an unfavorable situation for projects.
On the other hand, if BTC starts a market recovery, when there are newly launched projects on the blockchain, this can lead to those projects having a great success, thus generating their liquidity pool increases, the project token increases, they get many new investors seeing how it is successful, and everything ends up being a party, so the market area can be bad news for new projects or a very good one.
I believe it is never too late or too soon for a new project to start. What's clear in my opinion, is that many project valuations are waiting to skyrocket once BTC enters a new parabolic run. It seems that once the macro uncertainties are over, new ATHs could be achieved.
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