RATE Group | Crypto Not as Chaotic as it Appears
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Crypto Not as Chaotic as it Appears

18 May Crypto Not as Chaotic as it Appears

Posted at 06:47h in Cryptocurrency News by

Venture capital firm Andreessen Horowitz thinks the past growth of social media, developers, prices, and startups among cryptocurrencies could mean a crypto cycle favorable to investors in the future.

The United States-based company released a report on May 15 analyzing cryptocurrencies during three cycles, peaking in 2010, 2013, and 2017. According to the firm, the compound annual growth rates (CAGR) from 2010 to the present shows ”choppy yet consistent growth in all of [these] key metrics.”

Andreessen Horowitz

Source: Andreessen Horowitz

“The 2017 cycle spawned dozens of exciting projects in a wide range of areas including payments, finance, games, infrastructure, and web apps,” says the report. 

Andreessen Horowitz noted that the innovative ideas pushed in the latest cycle have the potential to create a “fourth crypto cycle”, which, if consistent, could see a comparable increase in social media, developer, and startup activity as the price of Bitcoin (BTC) goes up.

Even though crypto cycles…

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