Are we very close to BTC growth? In what case Bitcoin will continue to grow – Crypto-Upvotes experts

Our experts told what marks should reach price of BTC to continue recovery.

Last weekend, bitcoin continued to grow and by Monday morning passed $22,300. And on July 18, BTC is trading at $22,200, up 3% on Monday. And for one week – by 8.7%.

Incomplete week from July 11 to July 15 was not easy. In the first half of the week the pair BTC/USDT declined to $18,900. The fall began on July 10 and intensified on Monday amid a sell-off in US stocks. Investors were withdrawing money before release of important inflation data and beginning of II quarter reporting season in USA. Also, fall was due to increased number of Covid-19 cases in China.

On Wednesday, the situation on crypto market stabilized after multidirectional fluctuations. Sharp fluctuations were caused by the report on inflation in the USA for June. Buyers were able to defend the $20,000 level and close a day at $20,234. US inflation data raised fears that Fed could raise key interest rates by 100 basis points this month.

After the statistics were released, S&P500 and Nasdaq indices declined, but recouped some of their losses. The market did not collapse as two Fed officials said they were in favor of a 75 basis point rate increase in July. This reduced chances of a more aggressive move on the latest inflation data. Market is ready for a 75 basis point increase.

On Thursday, BTC/USDT recovered to $20,900. On Friday, the price recovered to $21 thousand following US indices. During this day situation did not change.

Market is controlled by sellers. BTC hashrate fell 27% to 159.41 EH/s due to the shutdown of miners in Texas. For miners and market, this is a bearish signal. Investors still fear a collapse of BTC to $10, 000-$13,000 range.

Our Crypto-Upvotes experts made a technical analysis to beat a bear market after reaching price of $22,000. Buyers need to pass a level of $23,500. Than faster it will be passed, the more probability of recovery to $26,500 is higher.

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Do-to-Earn crypto projects are becoming popular, what risks are associated with these projects explain our Crypto-Upvotes experts

Now there are many blockchain-based Do-to-Earn platforms offering earnings for activity. Experts at “Crypto-Upvotes” told what prospects such startups have. And what risks for investors exist.

Do-to-Earn projects are becoming popular they allow you to earn from some action, from participating in a game to walking and swimming. Play-to-Earn projects are blockchain-based games where users get tokens for completing tasks. Upgrade their characters or breed pets.

There are projects that pay for singing (Sing-to-Earn), working with documents (Write-to-Earn), and even sleeping (Sleep-to-Earn). Learn-to-Earn platforms offer users to earn money by learning a foreign language.

Interest in such applications, fueled by marketers, is growing every day. Experts from Crypto-Upvotes discussed the prospects of this industry. And he discussed about risks that an investor may face when working with tokens of such projects.

Easy money or good marketing work that hides high risks

Every year people fall for the promises of big profits that such projects offer. Do-to-earn projects came from the gaming space. People bought items in games for status or utility in a game world, our expert told us.

The very phenomenon of Do-to-earn captures gamblers and lovers of easy money. This explains the variety of subspecies of decentralized games. Some projects due to the great hype of their project allow investors and players to stay in profit. When the whole cryptocurrency market has been in a bearish trend for several months. And the number of such projects and their various subspecies is growing very fast. But among newcomers in market, a significant part of startups are inherently unprofitable or even scam.And yet our experts are confident that success of these projects has short-term potential. And it is related only as long as a project has good marketing.

Is it possible to profit from Do-to-Earn, opinion of our Crypto Upvotes experts

Is it possible to profit from Do-to-Earn, opinion of our Crypto Upvotes experts

The collapse of such projects is inevitable?

In 2021, this segment moved to a new stage – the promise of tokens for physical activity. For example, the most popular project is STEPN (an app where gameplay is built around digital sneakers in NFT form). Our expert asked some simple questions. “Why would a project pay for your physical activity? Why would it spend millions of dollars on advertising? Are project creators working at a loss to themselves. And dreaming that everyone in the world would improve their health?”.

The answers to these questions are very simple. As long as the project remains popular, users buy sneakers and tokens. And thousands of new people around the world pour their savings into the pyramid. But the collapse of such a project cannot be avoided. And whoever doesn’t manage to sell tokens at the right time will be at a huge loss.

Nevertheless, our expert thinks that you can make money on such a project and come out with a profit; the main thing is to sell in time. This is possible because millions of dollars are invested in the project, both retail investors and large players.

But the long-term perspective of such projects is doubtful. In his opinion, the profitability of such games is directly related to the liquidity of game tokens. Which, in turn, depends on adding new players to the project. Do-to-earn projects are very similar to classic “Ponzi schemes”. Although their profit distribution principle is different.

Such games continue to be profitable only as long as there is hype and media activity around them. They provide a sufficient influx of new users. But as soon as ATH is reached, a project can go down and never come back up again.

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AirDrop: how to get cryptocurrency for free and not to be scammed – Crypto-Upvotes

Crypto projects often hold Airdrop promotions to give away their own tokens. What to pay attention to when choosing a project in which you want to participate.

Free token distribution or AirDrop – is one of options to get initial capital in cryptocurrency. But it can hardly be considered a stable way to earn money. In fact, no one guarantees that received free tokens will bring profit.

Most of free coins from new Airdrop projects can only be profitable in the short term. Free coins from famous projects can be used in a long term perspective. However, experience with Airdrop can be a source of insight into how cryptocurrency markets work.

What is AirDrop

AirDrop is a promotion for giving away coins for free after completing necessary conditions. A crypto project holds AirDrop cryptocurrencies to raise awareness and attract new potential investors. Most Airdrop launches are new startups or large companies that promote their new products.

Cryptocurrency is credited directly to users’ wallets if they meet certain conditions. Conditions can be different, such as registration, subscription, recruiting friends, and other simple tasks.

Why crypto projects hold Airdrop

Basically, AirDrop is conducted as a marketing campaign to attract attention to the project. Cryptoprojects use giveaways as a way to increase the number of holders.

Another option for AirDrop is to give away control tokens. In addition to their monetary value, these coins give their owners a say in decisions regarding the project. The project community makes decisions by voting. And the number of votes is proportional to the number of shares each token holder has.

How not to fall victim to scammers

A distinctive feature of AirDrop is that the distribution of coins is free. If the developers of a project make participation a condition of any financial investment. Then such an offer can be a scam. Participating in a giveaway may only require a financial investment if it is a DeFi project. Which work on such a blockchain, where you have to pay a commission to a network for transactions itself.

Scammers may ask you to pay a fee to “unlock” free coins you receive. Or make them buy a small number of these tokens first. In order to get more of them in next Airdrop giveaway.

Sometimes the user is asked for credentials to log in to a scam site when registering for a program. Or cryptocurrency keys or other personal data. Having received such information, scammers immediately use it to steal funds. Using this scheme, scammers use many different excuses to obtain confidential information.

Another variant of scam is requests to download “special” software. Or providing links that, when clicked, install malware. Most often such messages come after registering on fake sites of famous projects announcing AirDrop.

Scammers also use coins with names similar to famous tokens. In such cases, user receives a large number of coins to their wallet. In fact, it turns out that in order to get these coins you need to go to a scam site and connect your wallet. But you can’t do that because as soon as you connect your wallet you lose all your money.

If a crypto project offers you a very large amount of money for doing simple tasks. Then you should also be suspicious about such a project. In any case, having decided to participate in AirDrop. You need to carefully check all information about crypto project and conditions of participation in giveaway.

Where to find information about actual AirDrop

A lot of information and advertising channels in messengers and social networks publish announcements about free token giveaways. However, it is not always possible to trust such sources of information.

The best way to learn about AirDrop may be to visit the official websites of famous cryptoprojects. Or their verified social media accounts. Our Crypto-Upvotes experts recommend you to be careful and always study projects before deciding to participate in Airdrop.

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How not to lose money on IDO, advice from our Crypto-Upvotes experts

Even experienced investors sometimes find it hard to know which of the many young crypto projects is worth investing in. Our experts explain what kind of returns startup coins can bring. What is IDO and where their liquidity collections take place.

Raising capital for companies from a wide range of investors is a critical mechanism for creting new businesses in today’s economy. Crypto assets market is no exception and has its own formats similar to IPO model.

Almost everyone who has encountered cryptocurrencies knows what an ICO is and what happened to this market in 2018. In fact, ICO market is dead after the 2018 bubble, subsequently SEC severely restricted them. Statistics say that about 90% of all ICO ended up failing.

But having gone through a crypto winter, crypto market did not get rid of the natural need for liquidity inflows to nascent projects, which is where the new era of IDO and launchpad started.

IDO

To participate in IDO of a project, you will need, as in case of IPO, to get an allocation to buy tokens at a low price before their release on exchange. This is where the main investor profit is hidden. Launchpad already has quite a few – more than 70 platforms. As of today, almost $1 billion has been raised through them. And the average increase in investment was X25. It looks very good for investors, but there are big risks hidden here as well.

Analysis of IDO profits on several major launchpads

We decided to check some of major launchpads (Polkastarter and DAO Maker). And analyze their data based on Cryptorank data. Despite popularity of these platforms, we can immediately notice that each of them individually does not raise hundreds of millions of dollars. On average by platform, each project raises about $261,000. The average profitability on 2 platforms was 5%. In fact, this is the yield since the listing of project. In this material, we provide figures as of early June. When bitcoin was trading above $30,000 and cryptocurrency market was not at bottom as it is today.

Our Crypto-Upvotes experts decided to take a detailed study of one of most popular launch pads – Polkastarter.

The largest number of projects that raised funds on Polkastarter belong to the DeFi category. A total of 38 DeFi projects were placed on the platform. Of these, only 21% did not fall below listing price at end of day. Also of note are the indicators related to token price at historical highs (ATH). Indeed, if you held any new token placed on Polkastarter DeFi for an average of 21 days. You could hope for yields as high as 4,900%. But given the “survival rate” of projects, that would be a veritable casino with no chance of a fundamental prediction.

Most optimal IDO segment on Polkastarter turned out to be the projects serving the blockchain infrastructure. They showed lower returns on almost all metrics. However, with a more limited sample of 11 projects, 27% of projects traded above listing price as of early June, which is the best result across all segments of this platform.

Conclusion

It’s been 4 years since ICO bubble burst, 2 of which turned out to be very “depressing” for the crypto industry. On average, on the 2 largest launchpads, 73% of all projects today are trading below listing price. Thus, participating in project offerings on launchpads for long-term investors seems like a bad idea. Launchpads can be seen as part of a risky portfolio and sell project tokens for a very short period of time after they go to exchange. You should also be extremely careful when buying new project tokens. Once a project has been launched, you have little time to make a decision to sell. You run risks ending up with a token belonging to the same 73% of projects that are now selling below launch price.

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Bitcoin has hit bottom ? When Bitcoin price will return to maximum – experts Crypto-Upvotes

Our experts listed factors affecting current cryptocurrency prices. And discussed possible bearish trend change to bullish and possible Bitcoin growth.

Bitcoin price has fallen 70% from its all-time high of $69,000 in November 2021. In 2022, the value of the first cryptocurrency reached a maximum of $47,500 at end of March and has since fallen to current prices around $20,000. Crypto-Upvotes experts listed reasons for price declines in cryptocurrency market and told when a bull market may start.

Bears are winning now.

Now few people are willing to take risks. And the reason for this is the rising cost of funding after a Federal Reserve rate hike. This also says the financial director and head of trading operations ICB Fund Chen Limin. In his opinion, the situation could be exacerbated by a possible decline in the U.S. economy and turbulence in raw materials markets.

Our experts also believe that most likely current bear market will drag on. Growth of cryptocurrency capitalization may start not earlier than 2024, and before that the market will need to go through “self-cleaning from the most unstable crypto projects. Some institutional investors and lenders have already seen problems with these projects because of falling quotes.

According to our experts, the price of bitcoin now tends towards $10,000. But lower values of the price are also possible. Price of $20,000 proved to be difficult to break through for a complete departure below this price now needed a pause. But everything goes to a soon victory of sellers over buyers.

According to our expert, the reason, which initially contributed to the growth of the market – purchases from institutional investors. Now it has become a main driver of price falls. When Federal Reserve decided to raise rates, funds and lenders left the risky cryptocurrency market to free up funds to support more important positions.

The next rise will require a return of capital back into cryptocurrency markets. And that will only happen after the Fed decides to stimulate market activity again. And that is a long way off, because the Fed will want to make sure that inflation is completely beaten and only after that will it start to ease monetary policy again.

Has Bictoin reached bottom? Will bear market end soon and start bull market?

Now there is a major outflow of bitcoin from exchanges. And this indicates that investors see it as a certain area of interest. And the very withdrawal of assets means moving them to long-term storage. Our experts believe that this is one of the signals that this cycle of decline is coming to an end.

Investors do not trust CEX exchanges because of blockages and restrictions on their exchange accounts. CEX exchanges support different sanctions, they have security problems and many other reasons forcing investors to withdraw assets from exchanges to a more secure place, such as cold wallets. This is already a very good signal for the crypto market, our experts believe.

Crypto-Upvotes experts did an analysis and saw that the balances on exchanges have been systematically decreasing since 2020 and are now at 2018 levels. But the number of non-zero balances is increasing all the time. This fact signals that more and more people are “accepting and trusting” Bitcoin, total number of users and wallets is increasing.

Many Whales have been active since mid-June, when the bitcoin price went down to a $20,000 zone , and smaller investors have been active since the $30,000 mark.

Our experts think it is quite likely that we have already reached bottom or are very close to it. And a loosening of Fed policy could positively motivate markets.
Exactly then the recovery period will begin, the Fed rate will be 3.23%-3.5% by the end of the year. And improvement of situation on crypto market and start of a new growth phase is predicted already in 4Q of this year.

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Crypto winter – what cryptocurrency to buy when all cryptocurrencies fell, expert opinion Crypto Upvotes

Our Crypto Upvotes experts remind us of meme tokens and explain why they can show growth in medium term.

During Crypto Winter, there are many negative forecasts in market at the moment, high “fear” index of investors and tense situation on cryptomarket, we suggest to focus on tokens with high social resource and low fundamental component in mid-term planning. Assets that fit this category perfectly are “meme” tokens.

crypto portfolio

Disclaimers: Our company “Crypto-Upvotes” does not give investment advice, this material is published for introductory purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.

What cryptocurrency to buy now during Crypto Winter, our experts offer an asset allocation scheme if you have a few extra dollars that you can risk:

  • Dogecoin (DOGE) — 30%;
  • Shiba Inu (SHIB) — 25%;
  • Floki Inu (FLOKI) — 15%;
  • Dogelon Mars (ELON) — 15%;
  • Baby Doge Coin (BABYDOGE) — 10%;
  • Saitama V2 (SAITAMA) — 5%.

Success of most “meme” projects is that they parasitize on Elon Musk brand. Tweets of this billionaire have repeatedly provoked the growth of traders’ interest in certain cryptocurrencies. And most often these were “meme” tokens. For example, Musk has repeatedly explicitly stated his support for Dogecoin. And his Shiba Inu puppy is named Floki, which developers of these projects successfully speculate on.

Among the negative aspects of such an investment portfolio are only its unpredictability. Because growth of token “memes” occurs suddenly and without reason. Such crypto assets are hardly suitable for long-term investments. But they can be interesting in periods of crypto winter.

We should also not forget about the DOGE-funded launch of a satellite to the moon, the exact date of which can be announced at any time, which is likely to cause a strong price increase.

Another project in our portfolio is Saitama. It is not directly related to Musk brand, but the number of mentions of this token in news has increased lately, which could have a positive effect.

Warnings about risks when investing in meme projects.

It is almost impossible to make accurate predictions about price of “meme” tokens. Their cost depends directly on the hype created by a certain group of investors. Therefore, it is difficult to predict their growth or decline with a high degree of probability. This forecast is based mainly on personal experiences of our experts and empirical data from past investment periods.

“Meme” tokens grow rapidly because retail investors buy them en masse, which raises their price through trivial technical market mechanisms. But as soon as these investors sell their tokens and move on to other assets, the price drops noticeably. In fact, “memes” are often accompanied by “Pump and Dump” schemes and less often the increase in activity yields long-term results. This should be taken into account when organizing a portfolio. You need to constantly monitor the actuality of its price, so as not to miss a good moment to exit.

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Solana releases Android phone Web 3.0 “Saga”, it will be fully integrated with Solana blockchain – Crypto-Upvotes

Solana released a Web 3.0 phone named “Saga” to appeal to a growing number of mobile phone users accessing digital assets.

Solana Labs has unveiled the “Saga” smartphone based on the Android operating system. “Saga” is a customized version of OSOM smartphone with built-in cryptocurrency wallet features. It will come pre-installed with Solana Mobile Stack. SMS a toolkit that allows you to create decentralized applications for mobile phones.

And so we found out that this smartphone will allow you to store digital assets and NFTs, sign transactions, and pay for purchases through Solana Pay. But it won’t just be a mobile phone. This device will support Solana-based apps and will have its own dapp Store. Solana Labs has said it intends to develop Saga ecosystem with partners like NFT marketplace Magic Eden, DeFi-platform Orca and wallet Phantom.

Also according to Solana website, this device features a 6.67-inch OLED display, 12GB of RAM and 512GB of storage space. The smartphone is based on Qualcomm Snapdragon 8+ Gen 1 chipset.

Also SMS toolkit supports the Seed Vault secure storage protocol for private keys. This latter puts them in a special enclave, separated from the wallet, applications and operating system. Solana Labs explained that SMS provides developers with a set of libraries and APIs that allow them to create decentralized mobile applications for Android devices. Solana Mobile Stack is already available for download on GitHub.

Want to buy this smartphone now? It is possible and our Crypto-Upvotes team found out how to do it.

“Saga” is expected to go on sale in early 2023 at a price of $1,000. Our experts found out that it is already possible to place a pre-order for 100 USDC – this amount will be deducted from the full price of smartphone, it is also already known will first be released in USA, Canada, EU and UK markets. So with an estimated price of $1,000. Saga mobile phone will compete with flagship models from Apple, Samsung and other mobile phone companies. With a strong ecosystem of software developers who can develop alternative Web 3.0 applications.

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Cristiano Ronaldo will release his NFT on Binance platform – Crypto-Upvotes

Cristiano Ronaldo will launch the first NFT collection in partnership with Binance by end of 2022

Football superstar Cristiano Ronaldo will release several NFT collections. Sportsman entered into a multiyear partnership with Binance exchange, according to a Binance blog. So a goal of this partnership would be to create digital collectibles and attract soccer fans to Web3 ecosystem. “Nothing is more important to me than the fans, so the idea of bringing unprecedented experiences and access through this platform is something that I wanted to be a part of” – says Ronaldo. “We are thrilled to provide his fans with exclusive engagement opportunities to connect with Ronaldo” – said Binance CEO “CZ”.

So the first collection, set to launch at the end of this year. Will feature NFTs with an original design developed by Binance in collaboration with Ronaldo. According to an exchange blog, through a series of NFT collections, Ronaldo will provide a unique experience for soccer fans from many countries. Binance does not disclose details about this partnership, we do not know pricing or other options for this NFT collection at this time. Cristiano Ronaldo already has experience with crypto projects. In 2019, he played for Italian Juventus Football Club, which launched token JUV, which gave fans the right to vote in a number of decisions.

Our company Crypto-Upvotes offers complex promotion for NFT projects.

Complex promotion is necessary for an NFT project to increase brand awareness and attract new holders. Our team offers many different services to promote NFT projects. We can offer PR, Influencers, Trends Everywhere, Billboards and more. We can create a individual marketing plan for you for any advertising budget.

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Chinese messenger WeChat will block accounts and chats that write about cryptocurrencies – Crypto-Upvotes

One of most popular platforms WeChat in China with more than 1.2 billion users imposes restrictions on content containing information about cryptocurrencies

WeChat, the largest messenger in China, has updated rules of use, forbidding placement of information about services or offers related to cryptocurrency or NFT.

Crypto-Upvotes team experts found out that information about issuing, trading and transactions with cryptocurrencies got under the ban. Also WeChat bans recommendations, links and guides on cryptocurrencies and NFTs. New rules also apply to accounts that provide advertising services for crypto projects in China.

If such information is detected, the platform will notify the user that the rules have been violated. WeChat gives a certain period of time for correction and restricts the functions of the account. If the user does not correct the information posted, the account will be blocked.

Advertising in China is still possible and our crypto marketing agency “Crypto-Upvotes” is working on this issue. Already now we can offer advertising of your project in popular Chinese Media and Weibo influencers. In the near future we will be able to offer billboard advertising in China.

But despite WeChat and other prohibitions in China, cryptocurrencies in China are very popular. Chinese investors take leading role in the world. We do articles in popular Chinese media. To order you need to provide us with text and a picture for your article. Our team will translate the texts into Chinese and prepare them for publication.

Additionally you can order Weibo influencers, we can offer influencers for any marketing budget. To order you need to provide a text and a picture or video, texts in Chinese we make ourselves. Weibo is very popular in China and they haven’t introduced restrictions for cryptocurrencies yet, so you have time to order now.

Crypto marketing agency “Crypto-Upvotes” will help to tell about your project to millions of new investors from China.

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Crypto winter is coming: Bitcoin is down 50% since March. What’s going on? Is it time to sell cryptocurrencies? Or is it time to buy? – experts Crypto-Upvotes

Crypto market is experiencing hard times – the most famous cryptocurrencies have fallen in price two or three times since the beginning of the year and continue to fall rapidly. Large blockchain projects are closing or stopping their development. Experts are predicting a harsh crypto winter. Why is this happening? How long will it last? And is bitcoin worth selling for $20,000 a coin now? Or, on the contrary, is now the best time to buy? Let’s find out together with experts of Crypto-Upvotes team.

Bitcoin in middle March could be bought at $41,000 per coin. Now, three months later, it is trading at around $20,000, having fallen in price by almost half. Fall affected other cryptocurrencies, for example, Ethereum lost almost two-thirds of its value at the same time.

Panic in markets has even affected Stablecoins. Some of these coins have lost that bind. The most famous scandal was the collapse of UST steibcoins, which fell in price a hundred times within a month. As of June 21, their exchange rate was only $0.008. The U.S. authorities even announced their intention to open an investigation into what happened to UST.

Against this background, on June 12, a major platform Celsius temporarily banned users to transfer and withdraw funds (this led to the collapse of the company’s own token by 50%). The next day, the popular cryptocurrency exchange Binance suspended bitcoin withdrawals. And another day later, Coinbase announced that it was laying off 18% of its employees. Coinbase CEO Brian Armstrong warned of a possible “crypto winter”.

Cryptocurrency falls

Whole cryptocurrency goes down with Bictoin

Has crypto winter come?

Experts have different opinions on the state of affairs in the crypto market. “Crypto winter is harsh and the market may face cataclysm in the form of another collapse and slow price recovery, which may take several years,” Crypto-Upvotes experts believe, “After the pandemic, the G7 central banks printed a lot of money to support the economies. And now they don’t know how to contain high inflation due to the energy crisis. The U.S. Fed is fighting inflation by raising rates. The U.S. Federal Reserve’s tightening of monetary policy strengthens the dollar, raises government bond yields and pressures the stock market. Cryptocurrency is a risky asset class, so a sell-off in stocks causes a sell-off in cryptocurrencies.”

Our team’s experts also attribute the collapse to the general economic situation. The inflow of new money into cryptocurrencies is declining amid record inflation in the U.S. and an increase in the key rate by the U.S. Federal Reserve. This, in turn, will affect the availability of credit. “Large investors prefer to invest in cryptocurrencies with money that is easy to get, in an environment where it can be profitably borrowed at any time,” say our experts.

One of experts on Crypto-Upvotes team believes that the current drop is only part of the general cyclicality of cryptocurrency market. “The exchange doesn’t produce money, it redistributes it,” he insists, “there are people who bought bitcoin at $40,000, even at $60,000, now they need to be persuaded to sell it for $20,000. It’s not easy to do, so there’s pressure on new investors to get non-professionals out, and professionals would buy the cryptocurrency at low prices.”

What will happen next? Sell or Buy Now?

Against the backdrop of a sharp drop, many users are getting rid of their crypto savings, even despite the large losses. However, our experts say that this should be done only as a last resort.

Our experts have different views on mid-term prospects for the crypto market. Those who entered bitcoin above $30,000 should first of all prepare themselves emotionally and thank the fate for the valuable experience, from the point of view of the historical context the assets which fell in price during recession sooner or later will grow to new ATH.

Any successful cryptocurrency has a large scope for applications: NFT projects, meta worlds, game projects. As long as there are people who see the sense in it (and there are 300 million people using cryptocurrencies in the world now), it will be impossible to talk about domino effect and the whole market falling to zero.

As for what to do with investments in cryptocurrency – there is no universal advice – say experts of Crypto-Upvotes team. It all depends on the investor’s capital and willingness to take risks. A year ago, some famous billionaires invested a small part of their savings, which they manage, in cryptocurrencies. They might as well buy now, since the losses won’t be sensitive to them, and the gains in the future will be nice. Many of us will not be very upset to lose $100 in a slot machine and everyone will be glad to get a profit of $10,000 or more in a couple of years.

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