Some analysts are optimistic that the crypto sector will see better days after losses all across cryptocurrency.

Today, crypto traders remain confused over the latest market crash. Some crypto traders believe that prices will plummet even further, while others are more positive and still hold the belief that crypto will recover in the mid to late 2022.

Jack McDonald, PolySign CEO is among those who fall into this category. The analyst believes that strong bullish sentiment will result in prices rising in the second half of the year, and that Bitcoin’s (BTC) tight correlation with macro markets has changed the way is perceived by investors. “I do still believe that in the longer term that you would see a disconnect from some of the other market trends, but of late it is undeniable that there has been a very strong correlation”, says McDonald.

Is Crypto Possible to Recover in a Short Time?

After the dramatic fall of (LUNA), Bitcoin (BTC), saw a huge drop in price, with Bitcoin (BTC) falling to $28,000. But, Bitcoin (BTC) quickly recovered to just above $30,000. BTC has seen a slow recovery of its value, with 1.62% gain in the 24 hour period. (ETH) trades at $2072.3 as of the writing date, which indicates slight gains from its slide to $1915.18 recorded May 19th.

McDonalds predicts that the competition between (SOL), and (ADA) will intensify. At press time, Solana (SOL) is trading at $54.35⁠—its best result in 5 days, and a signal of slight recovery. Cardano (ADA), on the other hand, is currently trading at $0.55. Its 7-day chart shows a steady, firm uptrend.

You have the chance to come up with new products

Many cryptocurrency companies are taking advantage of the fall in prices and the mass sale to try out new innovative products. Robinhood (NASDAQ), is one of these companies. Regarding the current situation in the market, the CEO of the financial services company, Vlad Tenev, said: “Now is actually the best time to build new products”. The crypto winter was the time when most of the world’s best-selling products were created, he stated. Robinhood customers were thus provided with a non-custodial cryptocurrency wallet by Tenev that allows them full control of their private keys. Robinhood is looking for ways to make investors feel safer in crypto investments.

Robinhood: Self-custody. A non-custodial, digital wallet is what we are currently working on. It is a standalone app which is intuitive, beautiful and very fast. https://t.co/J6s9nlPgcc

— VLAD (@vladtenev) May 17, 2022

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