What to pay attention to investors to cryptocurrencies in the near future, told RBC Crypto Analyst Anatoly Radchenko.
“Manipulated market”
The Bitcoin course updated a maximum of $ 123 thousand, but a number of altcoins also showed good dynamics Radchenko. According to him, among the most noticeable movements we can distinguish the increase in prices for Stellar (XLM) and Pudgy Penguins (Pengu). The price of the first in 7 days rose by 80%, the second – by 90%.
The growth of Pengu cryptocurrencies associated with the NFT collection of “puffy penguins” was held against the backdrop of news on the launch of the Exchange Fund (ETF) by Vaneck. The expert noted that Vaneck is one of the leading ETF operators. And the flash mob in honor of the launch of the fund was supported by many companies from the industry, including the Coinbase exchange, which put Penguin on its avatar on the social network X.
The Pengu token was called promising, probably the period of its growth has come, says the expert. According to him, earlier on the altcoin market there was a decline, and it seemed that no one needed them, and now the “sleep” period has passed, and suddenly everyone began to actively buy altcoins, fearing that they would not be enough. FOMO arises – fear of lost benefit, but it is worth maintaining calm, Radchenko believes.
“It is difficult to say that you can wait for altcoin, because this market is now very manipulated. Through news, through market markets. Hypothetically, in any project you can draw 2 X in 1 hour, and 3 X, and 5 X … ”, says Radchenko.
And which of the Pampanet projects is unknown, the analyst warned. He explained that many companies use strategies such as Exit Liquidity to attract a large number of investors and “unload” their assets that were bought earlier at a lower price. Including through ETF, added Radchenko.
Exit Liquidity is when the transaction allows earlier investors to close their positions and fix profits, while buyers remain with an asset, the cost of which further falls below the purchase price.
Interest, according to the expert, can now be represented by large projects, such as XRP (XRP) and Stellar (XLM). Fundamentally strong projects, for example, Uniswap (UNI) and Curve (CRV), also deserve the attention of investors, the analyst believes. Speaking of other options, the expert noted that, in principle, if the trader does not have a clear understanding of the essence of the project in which he invests, it is quite difficult to maintain such an investment.
“Everything is interconnected”
According to Bitcoin, the picture is interesting in that it grows due to the fall of the dollar, says Radchenko. The BTC does not reign directly with the market, and investors choose it to avoid the risks associated with the dollar, with American bonds and the United States, the expert explained.
He noted that the dollar is falling, the profitability of American bonds is growing, the gold has grown greatly, silver at the maximum, American and European actions too.
“Everyone is trying to find a quiet harbor somewhere, to place“ eggs in a basket ”, because everything in the markets is now interconnected. It seems that the assets should move differently, but move exactly the same, ”says Radchenko.
“Do not jump from Coin to Coin”
The US is the main “fashion legislator” in the cryptocurrency market, the analyst noted. “And in America we have nothing good,” he added.
US President Donald Trump again announced the introduction of duties. The analyst noted that the markets have not seriously perceived such news – there is an opinion that this is not the final solution, and duties can be canceled or reduced again.
Trump says “such a style of negotiations”, the expert says. He drew attention to the fact that uncertainty remains on the market, investors take into account that sudden sharp changes are possible in the politics of the American president. And they are in search of new ideas for investments, as the money continues to depreciate.
Now, in general, the schedules of digital coins look strong enough, but Radchenko expects increased volatility on the crypto. Perhaps the growth of bitcoin, one way or another will switch to Solana and Ethereum, the expert says. According to him, instead of “jumping from one Coin to another Coin,” now you should try to hold fundamental, reliable investment coins.
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Source: Cryptocurrency
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