Crypto Market Surge: Experts Advise Selective Investments
The post Crypto Market Surge: Experts Advise Selective Investments appeared first on Coinpedia Fintech News
Almost all the top cryptocurrencies have experienced growth in the present cryptocurrency rally. Among the top ten cryptos, Dogecoin has registered the highest seven-day change of 24.9%, with Cardano coming in second. A recent report hints that not all the cryptos may continue to grow in the current crypto cycle. Crucial facts that you must know!
Selective Gains in the Crypto Market
The entire crypto market has registered a 0.1% surge in the last 24 hours. Bitcoin has recorded 1.6% growth and Ethereum 3.3%. The Meme Coin market has reported a growth of 1.3% in the said period. The AI token market has recorded a growth of 0.4%. Almost all the top cryptos have displayed growth in the last seven days. However, the report indicates that not all cryptocurrencies are experiencing growth at the same intensity.
There are coins like BNB and XRP which have experienced modest changes of just +3.9% and +6.1%, respectively. On the other side, there are cryptos like Dogecoin, Cardano, and Solana, which have displayed significant changes of +24.9%, +24.8%, and +22.3%.
The Role of Data and Fundamentals
The report opines that if you closely analyze data, narratives, fundamentals, technicals, and market flows, you can identify the winning cryptos.
Top Performers of the Week
Raydium, which has seen a rise of 60.1%, remains as the top performer of the week. Neiro, with 55.7% growth, and Cronos, with 42.6% growth, closely follow. Ethena has witnessed a rise of 37.4%, and Aave at least 26.8%. Among the top ten cryptos, Dogecoin, with 24.9% rise, is the top performer. Cardano, with 24.8% rise, and Solana, with 22.3% surge, closely follow.
Strategic Approach: Focus on Key Winners
The report opines that the cryptos, which have failed to rise by at least 10% over the last seven days, are less likely to perform well in the current bullish environment. It recommends that investors should follow a targeted investment strategy. The strategy demands investors to invest only on those cryptos that have high potential to grow.
In conclusion, with the crypto market rallying, prioritizing top performers is essential for those looking to maximize returns.
