The correlation of altcoin prices with Bitcoin continued to decline. Meanwhile, experts predicted an increase in investors’ altcoin holdings. Investors evaluated the risks involved in cryptocurrency transactions. The declining correlation between Bitcoin and altcoins seems to make alternative cryptocurrencies a lucrative asset class for investors in 2022. Kriptokoin.com citing analisdollarserine comments…
Investors can increase altcoin holdings in 2022
Crypto bloodbath in March 2020 triggered gradual liquidations . Most cryptocurrencies fiadollaryellow have fallen as their correlations with Bitcoin and stockdollars have fallen. In 2021, Ethereum outperformed 17 of the top hedge funds. Altcoin gains are attracting investors to the asset class. “TheMoonCarl,” a crypto analyst, pointed out that interest in altcoins is growing.
Experts, Ethereum (ETH) killer Cardano (ADA) believes that the price trend shows no signs of a bear market. Gert van Lagen, a crypto analyst and trader, expects the bullish trend to continue since the bull market started in ADA price. On the other hand, “BitQueenBR”, another crypto analyst, stated that Phantom (FTM) is currently one of the strongest altcoins in the market. The phantom price gave in during the bullish consolidation phase and tried to test the resistance. The analyst watches the Phantom price as he considers it an opportunity to test the all-time high.
Finally, the FXStreet analisdollarseries is a play-to-earn (play) -win) platform, Axie Infinity (AXS) has upside potential and shows an uptrend.