Despite the short-term market uncertainty, cryptocurrency exchange Coinbase believes that the digital currency sector has a bright future.
Coinbase reiterated in a blog post published on January 28th that the current market correction is not near the levels of 2018's crypto winter, claiming that significant fundamentals will continue to drive growth in the sector.
The current fundamentals, according to the trading platform, replicate the 2017 market rally that laid the groundwork for the recent growth.
Coinbase highlighted aspects such as the company's continued focus on Web3, as well as growing use cases in DeFi, NFTs, DAOs, gaming, and the metaverse.
“Just as the boom of 2017 fueled investments that laid the groundwork for the applications that are thriving today. The market appears uncertain in the near term, but the future appears brighter than it’s ever been,” the exchange said.
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