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Loma
Crypto Newbie
11-01 11:23
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The depressed market sentiment is understandable. The October crash devastated everyone, and the market has failed to recover since, with each rebound met with selling pressure. Only stocks and metal prices have risen, and the current main coping mechanism relies on "rotation," but this hasn't materialized. We remain correlated with the stock market, but have suffered heavy losses on dips and gained very little on rallies. The reaction to positive news for cryptocurrencies has been muted; DAT quickly faded, and the market sold off tokens. Major cryptocurrencies have been hovering near high-timeframe lows, with the market primarily supported by HYPE and ZEC, while all other cryptocurrencies have been weak since the altcoin crash. Objectively speaking, investing in cryptocurrencies is not currently a particularly attractive asset class. Hopefully, bottoming signals have appeared, etc. Unsure.
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Icon加密货币Icon股票Icon山寨币
HYPE
-2.92%
ZEC
+6.49%
Risk and Disclaimer:The content shared by the author represents only their personal views and does not reflect the position of CoinWorldNet (币界网). CoinWorldNet does not guarantee the truthfulness, accuracy, or originality of the content. This article does not constitute an offer, solicitation, invitation, recommendation, or advice to buy or sell any investment products or make any investment decisions
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