Subscribe to our Telegram channel

Most cryptocurrency experts believe that the drop in tokens will benefit

7:19 pm, November 9, 2022

Despite the uncertainty of the cryptocurrency market, some investors see the bearish trend as an opportunity to lay the foundation for future profits. In particular, 92% of cryptocurrency holders consider the current value of bitcoin and ethereum to be attractive for purchase.

According to a study by Nickel Digital Asset Management, analysts predict positive prospects for the cryptocurrency sector. In general, investors believe that buying cryptocurrencies in the current environment is likely to bring significant profits no earlier than in five years. At the same time, 56% of digital asset holders have already reduced their capital, with 14% indicating that they have «significantly reduced their holdings.» Interestingly, 55% of respondents indicated that they have been active members of the cryptocurrency community for more than three years and generally consider their experience with digital assets to be positive.

As for income, about 72% of investors record a good income. Of these, 24% rated their profits as «very positive,» 6% reported losses, and 12% of investors «broke even.»

Although the market seems to have stabilized and reached its lowest level, most assets have come under significant pressure amid the insolvency crisis. This has affected the FTX cryptocurrency exchange — on November 7, it became known that the exchange’s stablecoin reserves amounted to 53 million, down 93% over the year. In addition, the platform’s balance in ethereum decreased from 400,000 to 108,000 ETH. As a result, yesterday, Binance signed a non-binding agreement to buy FTX.com to help cover the «liquidity crisis.»

Subscribe to our Telegram channel

BTC

$99,119.20

0.86%

ETH

$3,288.62

-2.07%

BNB

$623.31

0.14%

XRP

$1.45

21.98%

SOL

$254.47

-0.39%

All courses
Subscribe to our
Telegram channel!
The latest news and reviews of the cryptocurrency markets of the last
day right in your messenger. We are waiting for you!
GO TO
Show more