Too Long; Didn't Read
In June 2022, the whole crypto industry experienced one more wave of panic caused by the fear of further crypto value drop. Companies were forced to adjust their business processes to the new reality. Most projects keep on doing business as usual: they develop products, serve clients, attend conferences, and speak with the community. Crypto winter is period of uncertainty during which companies may experience deteriorating financial performance forcing them to cut their staff or pause big development initiatives. The last crypto winter lasted around 18 months and resulted in hundreds of projects disappearing forever.