Despite the fact that the digital currency market has suffered a huge drop in market capitalization and has lost a substantial number of pips across its various assets. However, market investors are looking for profitable opportunities to invest their money in the midst of the downward movement that is taking place in the market.
With Federal Reserve Chairman Jeremy Powell expecting rate hikes in March, market investors should understand that there is still room for the market to remain bearish.
Because tighter monetary policy is intended to contain the pressure of hyperinflation around the US economy.
However, if you are still interested in buying digital currency in exchange for maximizing profits, below is the list of our top crypto assets.
Tether, the most traded stablecoin by market cap, has often proven to be a safe digital asset. Due to its stability and value similar to the US dollar, it has the potential to increase in value despite negative trading sentiment occurring in the cryptocurrency market. And because it’s equal in value to the dollar, it’s guaranteed to appreciate if the feds tighten monetary policy sooner.
Although it can be deduced that Ripple is at a positive recovery point after a continuous month of losses and negative price balances. It should be noted that the best way to profit from the crypto asset is to buy it when the value is in the bearish stage. You can earn a lot in the market if you consider buying XRP in this period.
Concerned about Ethereum’s upgrade to ETH2 as a result of controlling its transaction costs and network congestion issues. It will be correct to be prepared for the opportunity that this new update will produce in the market.