Survival of The Fittest: Best Strategies to Raise Your Capital During the Crypto Winter
Buy the dip or hodl? Discover the best ways to come out of this protracted bear market without losses.
Buy the dip or hodl? Discover the best ways to come out of this protracted bear market without losses.
During the second consecutive rather uneventful week, the cryptocurrency sector’s total market capitalization fell from $874 billion to around $870 billion last. All top 3 non-stablecoin cryptocurrencies have also only deviated less than 1% from their respective prices at the beginning of last week. Furthermore, only 6 cryptocurrencies from the Top 100 have posted a weekly gain higher than 10%. These cryptos are CEL (Celsius Network,), AXS (Axie Infinity), STX (Stacks), FTT (FTX Token), EOS (EOS) and APE (ApeCoin). But how to identify these hidden opportunities in an otherwise stagnant market? We believe our Top 3 Coins to watch articles can be of great help in such situation.
The cryptocurrency sector’s total market capitalization has climbed from $858 billion to $874 billion last week, which marks already the second week of recovery after the FTX fiasco. Interestingly, there were no big movers among Top 100 Crypto, with the vast majority of coins staying between the -10%/+10% price change interval. Find out what we think in this week’s Top 3 Coins to Watch article. Are you hoping for bigger moves in the upcoming week or are you completely fine with a slow-paced recovery?
The cryptocurrency sector’s total market capitalization has climbed from $840 billion to $858 billion last week. It seems that the sector is slowly recovering from the big bleed caused by the FTX and Alameda fiasco, but this time the recovery is surprisingly not being led by Bitcoin and Ethereum. Rather than that, altcoins like BNB, DOGE and LTC have contributed the most towards the increase in the sector’s total market cap. Will Bitcoin wake up or will these coins continue to be at the forefront of the recovery wave? Find out what we think in this week’s Top 3 Coins to Watch article.
The cryptocurrency sector has entered Week 47 with a bit higher total market capitalization than last week ($840 billion on November 20 as compared to $837 billion on November 13) despite the continuation of the FTX and Alameda horror story. Throughout last week it became clearer which companies and exchanges had exposure to FTX or Alameda and are therefore in greater trouble. At the same time all centralized exchanges hurried to publish their proof-of-reserve to regain at least part of the customers’ trust. Many exchanges even encouraged their users to move crypto of their platforms if they don’t plan to actively trade with these assets. As it turns out the FTX collapse was extremely bad for the industry in the short term but would likely have a good influence over the industry in the long term as it wed out bad players in the sector and reminded the participators of the importance of decentralization.
During the last week, the total cryptocurrency market capitalization fell from $1,07 trillion to just $836 billion, a drop of almost 22%. At one point on November 9, the total market capitalization was as low as $803 billion. The bloodbath on the crypto markets was caused by the collapse of FTX, the second largest cryptocurrency exchange and the insolvency of Alameda Research, the company behind the exchange. While Binance’s CZ initially signed a non-binding letter of intent to acquire the FTX exchange and absorb its assets, debts and users, the largest player in the crypto sector had a change of heart after taking a detailed look in the FTX’s books. FTX was therefore left to collapse like a house of cards. The fact that even the biggest and most regulated exchanges are not to be entirely trusted has shaken the confidence of many investors. On-chain data shows increased crypto outflow from exchanges, as holders are afraid that other exchanges might follow. In fact, the increased withdrawal volumes are the ultimate stress test, that could potentially weed-out the exchanges that do not hold reserves at a 1:1 ratio compared to users’ deposits. While it should already be clear that it is best to keep crypto in a self-custody wallet, the question which asset to hold remains. To help you with your decision, the following article covers three cryptos that will be interesting to follow this week.
The cryptocurrency market managed to maintain a market cap of over $1 trillion throughout the majority of last week and is entering Week 45 with a total valuation of $1.06 trillion. The bullish market conditions not only survived but even amplified after the U.S. Federal Reserve announced another 0.75% interest rate hike on November 2….
The cryptocurrency market performed a smaller rally mid-last week, which carried the total market capitalization of the sector back above $1 trillion, which was a first such occurrence in over a month. However, the rally was not sustained, and the market cap quickly dropped below $1 trillion again. Do you think coins from our Top 3 Coins to Watch article can carry the total market cap back above the glorified $1 trillion? The most likely answer is no, since these coins have much smaller market capitalizations compared to BTC and ETH and therefore need to post much higher gains for it to reflect in the total crypto market cap. Nevertheless, we do believe these three crypto assets have room for quite some more gains.
The cryptocurrency market entered Week 43 with a total market capitalization of $948 billion. While the total market capitalization remained almost unchanged as compared to the total capitalization at the start of last week, both largest cryptos ended the week in the green with BTC gaining 1.5% and ETH twice as much. Klaytn (KLAY) and Huobi Token (HT), our #1 Top Coin to Watch from last week’s article, were the best performing assets out of crypto Top 100, with a 34% and a 21% gain respectively. Can this week’s #1-coin repeat Huobi Token’s success?