The Rare Conference in Las Vegas has been overshadowed by Crypto Winter; with market jitters running high, one does not see the kind of turnout one might have expected. Yet there is an air of optimism among those in attendance and the organizers that things will pick up after tomorrow’s Federal Reserve meeting.
Sparse Crowds at Rare Conference
In any case, the chill of Crypto Winter has kept projects and people from making the trip to Las Vegas in numbers comparable to past years. The CryptosRUs channel reports a certain quiet on the event floor, with Cardano and a few others being the only ones to put their wares on display at their booths. It is a subdued affair, indicative of the caution prevailing in the industry while the market is in a state of flux.
Yesterday’s opening party was well attended with some 500 in the room, but today’s proceedings are expected to be more sparsely populated. Many in the know have decided to forgo the event and remain home, given the volatility of the market.
Market Anxiety Before Fed Decision
The prospect of the Federal Reserve’s meeting on Wednesday is a cause for much concern. Investors are on edge over the chance of yet another rate increase and what that might do to cryptocurrency valuations, as the host of CryptosRUs puts it. One can see the effect of such apprehension in the sparse attendance at the Rare Conference; a number of projects have chosen to curtail their involvement or not make an appearance at all.
Then there are those who are more sanguine about the present slump, Tom Lee for instance. In his view, the correction is a passing matter and he has put forward the idea that one may well be looking at a good time to buy into tech stocks and crypto in the weeks ahead.
Project Showcases and Looking Ahead
There are still plenty of active participants to be found at the conference even if the numbers are not what they once were. The Flash Project team, for one, is on hand to showcase their platform and let anyone interested see the details of its features. In a way, the lower head count has allowed such projects to make the most of a more receptive audience.
Organizers and exhibitors are inclined to be optimistic that with the Fed meeting behind them tomorrow, the market will find some stability and Rare Conference and similar events will see a resurgence in attendance. With Crypto Winter still a thorn in the side of the industry, the Federal Reserve is being watched closely for any sign of the markets or the crypto community picking up steam again.
Source — CryptosRUs: https://www.youtube.com/watch?v=bcjJKy_0bac
Stay ahead in volatile markets by testing your skills in our trader evaluation challenge, designed to prepare you for real-world crypto trading scenarios. trader evaluation challenge.
