Cryptocurrencies during 2023 have proven to be more Bitcoin Mining than usual due to a market highly influenced by factors unrelated to the financial DEVELOPMENT OF DIGITAL ASSETS.
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A complex investment scenario
This situation has significantly affected many users who, instead of seeing their investments multiplied, have even been visited the point of bankruptcy.
With the passing of days, new digital currencies emerge, with projects that promise collective benefits and exciting futures.
It is essential to highlight those pertinent analyses and evaluations must be carried out when investing, considering that they are emerging in the digital market and whose reputation is not the best indicator.
It may be that after the fall of the Terra-Luna currencies, the risk alarms are active at 1000%, the fear of investors has increased, and the last thing they want is to lose their capital.
The downtrend has BITCOINERS, and new investors notably concerned as this primary digital currency is proving to hit prices and thus crypto investments more deeply.
Although the entire digital financial scenario is in the red, many investors have considered storing crypto assets among their options, waiting for this situation of continuous decline to stop and an upward trend to begin.
Suppose the forecasts that many experts and academics of cryptocurrencies suggest are fulfilled. In that case, we will be facing an unexpected demand since the profits of those who store their digital currencies will be enormous.
Some crypto proposals with great appeal
Suppose the price of Bitcoin and some digital currencies rise. In that case, the same effect could be generated in alternative digital currencies, which is why some of the proposals coming up for the beginning of June are the union of cryptocurrencies and altcoins.
The most suggested options are the following:
1. BTC/USDT
Remember that the financial market always points towards digital currencies with greater confidence and stability over time.
That is why the most considered pair among investors, after the drastic changes that cryptocurrencies have experienced, is that of BTC/USDT.
This crypto pair has shown a downward trend from the 20 moving average. Still, although the movement has been tried to maintain, the followers of this digital pair are trying to keep it from reaching its minimum support of $26,700 per unit.
If it gets to this point and an uptrend is not reestablished, we could be looking at an even more significant downside.
The uptrend could take this pair to the valuation of $40,000, managing to break and close above the 50 moving average of $33,700 per unit.
2. ADA/USDT
Cardano has remained among the cryptocurrencies that point to significant growth during June.
Although it tried to break the uptrend line, it wasn’t easy to maintain. Still, everything indicates that the challenge will continue between the breakout of the downtrend and the close above the average value on May 31.
It is important to note that the USDT always accompanies these currency pairs since it is the currency that, even with the critical situation that the United States is going through, is the currency that offers the most excellent stability in terms of storing value.
3. XMR/USDT
Short-term operations possibly generated returns among its users. However, the global trend of digital currencies is downward, going from a little more than 200 dollars per unit to almost 187 dollars.
Although its value has decreased and is between the 20 Moving Averages, it will not be difficult to experience significant increases as this June begins.
4. MANA/USDT
The cryptocurrency is known as Decentraland; although it has also suffered the effects of the downward changes that digital currencies are experiencing, users have not given up their units for sale; on the contrary, the offer has been low, a point that is quite favorable.
5. LUCKY BLOCK (LBLOCK)
It could be considered one of the newest and most attractive options since its use is housed in video games, thus achieving that more users manage to acquire it through the e-game platform.
This token is found under the BSC (Binance Smartt Chain) platform.
Conclusion
Cryptocurrencies may be going through a critical phase, but all expectations are in a change in trend to the upside where they will benefit; the effects of external factors have crucially marked the supply and demand for them.
Everything indicates that the cryptographic projects with the most significant strengths will be shown in a trend change. Those who keep the digital currency units stored will be revalued and obtain the profits many voted for by selling their cryptocurrencies.