Polygon is the #1 Coin to Watch for the Week of January 10 – January 16, 2022
The 2022 did not start very well for cryptocurrency investors as we have witnessed first significant market sell off already during the first week of the new year. To provide a little more detail, nearly every cryptocurrency lost more than 10% of its value on Thursday, January 6, following news that the U.S. Federal Reserve is planning to increase interest rates and start selling its $8.7 trillion portfolio. U.S. tech stocks also suffered some losses. Nevertheless, the losses were greater in the crypto sector where more than $790 million worth of long positions got liquidated. The total cryptocurrency market capitalization even dropped below $2 trillion on January 8, which has not happened since the beginning of October 2021. In this week’s article, we list coins that managed to stay relatively unaffected by the sell-off and those that are likely to undergo a speedy recovery.
