On February 15, 2025, Argentine President Milei announced the launch of the Meme Coin LIBRA, triggering a sharp rise and fall in coin prices, making the future direction of the cryptocurrency market full of uncertainties.
In the short term, investor trust has been damaged, leading to panic selling, price declines, and a cooling of trading.
In the long term, the market will tend to rationality, with funds flowing towards fundamentally sound projects. From a regulatory standpoint, the event has exposed regulatory loopholes, leading to increasing calls for stricter regulations in various countries, which may promote global regulatory coordination and cooperation in the future.
In terms of technology and innovation, to mitigate risks, the upgrade of blockchain technology and the exploration of innovative applications will accelerate. Regarding industry development, there will be an accelerated reshuffling, with weaker projects being eliminated, and self-regulation within the industry will continue to strengthen.
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