Crypto

Bitcoin volatility could lead investors to have more altcoins in 2022 | Cryptocurrency

  • As altcoins are less correlated to Bitcoin, investors are more likely to diversify their portfolios.
  • During the 2020 sell-off, cryptocurrency prices plummeted, prompting investors to diversify.
  • The correlation between Bitcoin, Ethereum, and other cryptocurrencies dropped several times in 2021.
  • Experts have predicted that investors’ altcoin holdings could surge in 2022.

Altcoins’ correlation with Bitcoin continued to decline. Experts predicted an increase in investors’ altcoin holdings.

Investors could increase their altcoin holdings in 2022

Investors have evaluated the risks associated with cryptocurrency transactions. The decreasing correlation between Bitcoin and altcoins makes it a lucrative asset class for investors in 2022.

The crypto bloodbath of March 2020 sparked cascading sell-offs. Most cryptocurrency prices fell as their correlation with Bitcoin and stocks declined.

In 2021, Ethereum outperformed 17 of the major hedge funds. Altcoin’s gains are attracting investors to the asset class. @TheMoonCarl, a crypto analyst noticed the increase in interest in altcoins.

Experts believe that the Ethereum Cardano killer price trend shows no signs of entering a bear market. Cryptanalyst and trader Gert van Lagen expects the uptrend to continue as the start of the bull market has not been interrupted.

@BitQueenBR, a pseudonymous crypto analyst noted that Fantom is currently one of the most powerful altcoins on the market. Fantom price broke out into a bullish consolidation and attempted to test resistance. The analyst sees the Fantom Award as an opportunity to test a new all-time record.

Netcost-Security analysts noted that Axie Infinity, a gaming token to win, exhibits a bullish reversal pattern with upside potential.

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