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Why are investors betting on other lesser-known cryptocurrencies?

Mexico, Oaxaca, Mexicalcingo
Published 2 years ago
ID #827
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Why are investors betting on other lesser-known cryptocurrencies?
Mexico, Oaxaca, Mexicalcingo,
Published 2 years ago

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Why are investors betting on other lesser-known cryptocurrencies?

Some of the digital assets have seen their value quadruple in a few days.

Following the rebound in major cryptocurrencies such as bitcoin and ether, tokens, which are less well known and have a lower capitalization, are performing better than these giants. However, among experts there is no unanimity when it comes to explaining what drives this upheaval.

Cardano's price doubled last month, making it the third largest cryptocurrency in the world. For its part, Avalanche saw its value triple in August, while Binance Coin grew 50%. In parallel, non-fungible tokens (NFTs) are on the rise and have seen their value quadruple in a few days.

Some analysts attribute the success of the aforementioned assets to the fact that speculators are reorienting themselves from the 'pillars' towards new and more exciting crypto projects, just as they often do after large market raids.

Others find an explanation in fiscal stimulation and extremely low interest rates, which push investors into more extravagant adventures.


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    mantroski
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    Mexico, Oaxaca, Mexicalcingo
    Av. Guacamole 344 Mexicali