With the European MICA law coming into full effect at the end of this year, along with upcoming regulations from the US and around the world, the cryptocurrency market needs to be thought of differently than before.
The market will no longer move as a single unit. Instead, we will see a mixed ups and downs between cryptocurrencies: some coins make big gains, others correct or fall sharply, then others rally again, and so on. Think of the market like you would the U.S. stock market; Microsoft stock might go up while Nvidia stock might go down at the same time.
This strategy is used to move liquidity and make traders constantly chase opportunities, which creates a great challenge. Therefore, it is necessary to focus on a limited number of digital currencies and study their news and movements carefully, as professional traders do in the stock or forex markets who focus on specific assets.
Bottom line: Focus on specific currencies and be aware of their news and trends instead of chasing the market as a whole.
