Here’s the opportunity for investors: looking for potential currencies amid market turmoil
The market has experienced a sharp decline recently, with news flying all over the place and bearish sentiment overwhelming. Many people are worried that tonight's Fed news will become a "black swan" for the market. Especially this Wednesday, the announcement of the Federal Reserve's interest rate decision coincided with the release of CPI inflation data. But for traders who perform technical analysis, it is very important to put aside these panic emotions and operate rationally.
Opportunities for altcoins
From a spot perspective, this is a great opportunity to invest in altcoins. The following are some currencies that I think are worth buying at the moment. Remember that you will not lose money if you buy spot in the long term, and there is a risk of the contract being liquidated.
- $PORTAL: It fell below the historical low and recovered. The current price is at 0.72. It seems that a range strategy can be adopted. I opened a small 5 times long order at 0.7, DYOR.
- $RON: Gamefi public chain, good data, current price 2.7.
- $IOTX: The leader in the IoT ecosystem, the current price is 0.049, which is quite attractive.
Panic in the market is often the best time to buy. Now is the time when we can seize these opportunities. Don’t be intimidated by short-term market fluctuations. I believe that these currencies will bring us huge returns in the future.