How to get started in the cryptocurrency market

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SPONSORED | Cryptocurrency exchange OVEXIO says it is never too late to get into the game. Sticking to basics and frequent research can help you navigate cryptocurrency.

OVEX has developed an intuitive system for investors who are looking into cryptocurrency. Picture: 123RF/PHONGPHAN

But if you stick to the basics, read and research frequently and heed your risk tolerance, you will find it is much simpler than meets the eye. The major obstacle now facing cryptocurrency and global markets across the board is the Russia-Ukraine conflict.A mass exodus is now taking place as investors scramble from risk-on to risk-off “safe-haven” assets, like gold, which is up more than 9% this year.

Cryptocurrency prices across the board have seen major corrections, following closely behind the legacy coin — bitcoin — which is down more than 40% from its all-time high in November 2021, as have financial markets. Despite falling back significantly from its high, many experts expect bitcoin’s price to rise above $100,000 at some point.

 

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