In these dark times it is important to remember to keep an open mind and view your investments critically, don't let hope blind you. Being exposed to dissenting opinions about your investments could help you avoid being the bag holder of a scam project. echo chamber: An echo chamber is "an environment where a person…
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Trading online has become very popular over the years. There are no specific requirements for becoming a trader or an investor, for that matter, as long as people know what they are doing. That being said, everyone has to start somewhere or they’ll never learn the ropes. No matter which commodity people choose to trade […]
The current trend in the crypto market has seen investors reassessing their positions in digital assets such as bitcoin. As the market had boomed and the infamous altcoin season had blossomed, a lot of investors had flocked to smaller cap altcoins for some large gains. However, with these digital assets now in a decline, investors have had to find ‘safer’ alternatives which have brought them right back into the arms of larger caps like bitcoin. Small Caps Take A Beating Like with any declining market, small caps have borne the brunt of the losses. They have underperformed the other indexes by a large margin. Thus, making it imperative for investors to get out of these smaller cap coins and into other indexes that provide safe havens for the time being. Related Reading | Bitcoin Indicator Hits Historical Low Not Seen Since 2015 The small caps had been the best performers during the bull rally, all through to major market recoveries. They are often the first point of contact for investors who are looking to make large gains in a short amount of time. However, their tendency to grow very quickly also make them susceptible to large drops in prices, which is what the market is seeing now. Small Caps Index record the most losses | Source: Arcane Research The performance of the small caps index has been nothing to write home about as it has returned -46% in the losses for investors. It is almost half of where they were trading at the start of the year, making it a consistently bad performer throughout the first quarter of 2022. Bitcoin To The Rescue Since small caps are no longer able to return the massive gains that have been pulling investors to them, the alternatives now remain the larger cap coins that have held up in the market. Most notable of these have been the pioneer cryptocurrency Bitcoin which has been one of the best performers of all of the indexes. Related Reading | Altcoin Aversion: Why Bitcoin And Stablecoin Dominance Is On The Rise Bitcoin, although also returning losses, has held up quite well. With only a 20% decline since the start of the year, it is one of the best performing indexes. Only following behind the exchange tokens lead the pack with only a 14% loss from where it was trading at the start of the year. BTC maintains support level | Source: BTCUSD on TradingView.com For comparison, the DeFi tokens have been performing almost as badly as the small cap index, down 45% since the start of the year. Following this is the mid cap index with 33% in losses since the beginning of 2022. Related Reading | Bitcoin Seen Dropping To $32K – But Not This Month – As Analyst Sees It Hitting $48K The large cap index has also been closely following the mid cap with 32% in losses by the close of the first quarter. Privacy tokens have fared better in this regard as they themselves have seen a 31% decline also. These losses in all the other indexes have prompted investors to begin moving back into bitcoin. This way, they are able to mitigate their losses while they wait for the market to recover. Featured image from Forbes, charts from Arcane Research and TradingView.com
submitted by /u/Far-Scholar9028 [link] [comments]
I want to buy 30-40 Goerli test-net ETH but I can't find any way to do so. Would anyone here be interested to sell me some? submitted by /u/ecomuser [link] [comments]
Bitcoin and most altcoins could remain volatile in the short-term due to the Fed’s decision, warranting caution from traders.
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Bitcoin’s hashrate has once again reached an all-time high (ATH) this year, as the network’s processing power reached 275.01 exahash per second (EH/s) on May 2, 2022. The recent ATH follows a significant difficulty jump on April 27, and bitcoin’s value lost 6.2% against the U.S. dollar over the last two weeks. Bitcoin Hashrate Taps […]
The move came less than two months after Sheikh Mohammed bin Rashid Al Maktoum established VARA and announced a new legal framework for crypto in Dubai.
I'm now seeing some chains calculate their TPS using dubious logic, just to pump up the numbers. I think the word "transaction" is being interpreted by different people in different ways. For example, some chains are counting consensus votes as "transactions" when really they shouldn't be. Other coins like Algo, calculate this more fairly. For…
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