IoTeX co-founder urges crypto investors to hodl amid market conditions

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Despite the intense fall of crypto coins due to the Russian invasion in Ukraine, some still believe in potential ATHs by the end of the year.

) to fall below $800, the market could “easily reach new all-time highs by the end of the year.” He explained:

“I would certainly not encourage investors to sell their crypto now in the hopes of buying back at a cheaper price, as the reality is no one knows when we will reach the bottom and when the market will rally again.” While Chai’s general sentiments are bullish, he identified factors that could drive the crypto market prices further down. The IoTeX co-founder says that the Russian invasion, combined with rising interest rates and the prospect of new COVID-19 variants, could all affect the market negatively in the short term:

“Additionally, tensions between Russia and Ukraine — in addition to other geopolitical and trade tensions — should be monitored, as they can unnerve institutional and retail investors and lead to huge price changes due to reduced risk appetite.”

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 562. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

I don’t think there will be a multiyear bear market. Just a healthy dump

Plz share this , kucoin take your money and don't answer you, they steal all my life savings

I am sure that by the end of the year everything will be fine, and this war will not destroy cryptography!

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Terra Luna Outperforms Top 10 in Gains as Crypto Market ReboundsTerra Luna outperforming top 10 in gains as crypto market rebounds LUNA What are you waiting for? I was a wonderful baby, and I had a strong community.
Источник: Utoday_en - 🏆 295. / 63 Прочитайте больше »

NFT Sales and Floor Prices Slump Amid Broader Crypto Market DeclineThe wider crypto market rout has hurt NFT sales as the floor prices for the top-ranked NFT collection continue to plummet. Good good.
Источник: Crypto_Potato - 🏆 568. / 51 Прочитайте больше »

These Tech Stocks Are the Safest Bets Amid Market Selloff on Russia-Ukraine Invasion, Wedbush SaysIves said investors should look to large-cap technology stocks and cybersecurity names amid the market selloff driven by Russia’s invasion of Ukraine.
Источник: nbcchicago - 🏆 545. / 51 Прочитайте больше »