After Bitcoin and Ethereum Volatility, Investors Are Showing Interest in Other Cryptocurrencies
According to recent information from the magazine, Ethereum’s tokens are better at riding the wave in Bitcoin and can get higher returns than those giants…… profit
Bo was born in August.
Fortune also mentions non-fungible tokens (NFTs)
Some analysts believe that the aforementioned surge in smaller assets is the result of speculators “moving from the mainstay to newer and more exciting offshoots, which is often the case after a massive run.”
Other analysts also pointed to the large amount of cash in circulation and ultra-low interest rates prompting investors to buy “better and better assets.”
More details on what happened
Nonetheless, the report acknowledges that some assets like Cardano ADA
They are backed by really solid foundations and technological advancements.
Yoni Assia, founder and CEO of online exchange eToro, noted that “cryptocurrencies are exciting” and that the company “sees a lot of boom in the market.”
Assia sees low interest rates around the world, massive fiscal stimulus and inflation as the drivers of this growth.
Michael O’Rourke, chief market strategist at Jones Trading, echoed this sentiment, noting that “with all this money flowing around, it’s no surprise that people are paying exorbitant fees for digital pet stones.”