Blockfyre co-founder Simon Dedic says that the recent influx of money into the crypto space is evidence that a strong bull market has already begun.
Recent months have seen a surge of fresh money entering the crypto markets, from oversubscribed token sales to 100%+ price gains for tokens like Cardano (ADA), Chainlink (LINK) and VeChain (VET).
But does this herald the beginning of a new bull market, or is it just another bubble waiting to burst? A little bit of both, according to a Twitter thread posted July 24, by Simon Dedic, co-founder of crypto research house, Blockfyre.
Big bulls are back
The current climate in the crypto landscape is in many ways reminiscent of 2017’s ICO boom.