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Crypto Market Related


SoPsyched

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Posted

So Crypto market has been down for months now, any idea when it will go back up?

Please share your thoughts (better if based on some facts).

What i think is, its going to be doomed...

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Posted

I don't have a crystal ball but I think it's going to be rocky until at least 2024.

As we are most likely heading into a global recession paired with high inflation and increased interest rates.

Risky assets like crypto usually don't do well in these circumstances.

I would suggest you to be careful with alt coins since bitcoin dominance is close to its all time low. Low bitcoin dominance is historically bearish for alts.

Best and easiest thing to do is keep dca'ing into your favourite projects and have a long term view on the crypto market.

Also be careful with depositing your precious coins to stake 😉

  • 3 months later...

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