In France, the crypto industry is resisting the market crisis well

The crypto industry in France continues to recruit. Paishn Sangiamsri/paisan1leo – stock.adobe.com

This new bearish cycle is even experienced by the most promising players as an opportunity.

The sharp drop in cryptocurrency prices does not really impress the most promising companies in the crypto industry in France. “The consequences are unequal according to the actors because there is no homogeneity of maturity. For well-established companies, this cleaning up of the market is rather seen as an opportunity,” summarizes Faustine Fleuret, president of the Association for the Development of Digital Assets (Adan), which brings together 170 players in the crypto and blockchain industry in France.

Many of them have already gone through the previous “crypto winter” of 2018-2019. Anticipating this new bearish price cycle – the young cryptocurrency market is already in its fourth – companies like Ledger, Coinhouse or Sorare have been able to manage their cash during the bullish phase and are focused on executing their roadmap, decorrelated from the jolts of bitcoin or ether. Cautious about economic uncertainties, companies…

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