Crypto Market Struggles, But Investors May See a Silver Lining
Is it an opportune moment to invest in XRP, Ethereum, Solana, and Cardano, as cryptocurrencies?
Cryptocurrencies like Ethereum, XRP, Solana, Cardano, and others are once again in a slump. This time, it's the turbulent US customs news adding to the pressure. But is this the perfect moment for investors to jump in? Let's dig deeper.
When Troubles Bring Opportunities
Just when crypto was recovering around Bitcoin, another blow hits. But don't count them out just yet. Here's why:
A Golden Opportunity for Cryptos?
With the cryptocurrencies' close ties to US stocks, a drop in these can mean a downturn for crypto too. However, this market instability could create unexpected chances for XRP, Ethereum, Solana, and Cardano: They're at a significant point in their charts, poised to benefit from several developments.
Source: Tradingview
As you can see, the total market cap of altcoins (all cryptos except Bitcoin) is at a crucial support line. Previously, when altcoins like Ethereum, XRP, Cardano, or Solana found support here, there were impressive rallies. From October 2023 to March 2024, it was a whopping 144 percent, and from August 2024 to December 2024, a powerful 104 percent.[1] However, the support could break, and then it's a free fall. Investors should keep an eye on this and set tight stops for their crypto investments.
For those hesitant about investing in individual cryptos, consider the BÖRSE ONLINE Best of Krypto which focuses on 10 major cryptocurrencies.
Trump's Crypto Purchase Hint and Gold Reserves
Contrary to what you'd think, cryptocurrencies are quite resilient to the customs chaos. Plus, there's even a possibility that Donald Trump might announce the US buying Bitcoin if the TikTok sale goes through. The president might use the funds to invest in Bitcoin.[2]
Additionally, the US's gold reserves could be revalued, which could create opportunities for Bitcoin purchases.[3]
Important Note
The publisher Börsenmedien AG's board and majority shareholder, Mr. Bernd Förtsch, has positions in Ethereum and Cardano, which could benefit from any potential price development.[1]
The author also holds positions in Ethereum, Ripple, Solana, and Cardano, which might benefit from the articles’ publication.[1]
- Bloomberg fuels spectacular theory: Are the USA about to sell gold for Bitcoin?
- US customs: HISTORIC CRASH threatens now / Gold and these stocks are still running / Johannes Hirsch
- Customs: HISTORIC CRASH threatens now / Gold and these stocks are still running / Johannes Hirsch
- Are altcoins at a strategic entry point?
- Seasonal Patterns and Market Volatility
In the current crypto market, stagnation and a potential downturn may create opportunities for investors to consider investing in coins like Ethereum, XRP, Solana, and Cardano, as they are at a crucial point in their charts, close to significant support lines. Furthermore, technological advancements in the field of personal-finance and investing may provide additional avenues for crypto investors, such as the BÖRSE ONLINE Best of Krypto investment option focusing on major cryptocurrencies.
