The crypto market has experienced a tumultuous few weeks, but investors remain confident in the potential of cryptocurrencies and blockchain technology. This confidence was further cemented by encouraging CPI results which implied that inflation wouldn’t be as severe as once thought. As such, market capitalization is surging higher; Metaverse and Non-Fungible Token-related cryptos have seen monumental gains too!
What Does This Mean for Crypto Traders?
The recent surge in crypto market capitalization is a positive sign for investors who are looking to get involved in the cryptocurrency space. Not only does it indicate that investors are feeling more confident about investing in digital assets, but it also suggests that there could be more upside potential for cryptocurrencies going forward. Not to mention, this could also be a great opportunity for those who have been on the sidelines to get involved in the crypto markets without having to risk too much capital.
With Metaverse and NFT-related tokens experiencing strong gains, it is a sign that these assets have great potential moving forward. As an example, MANA (the token powering Decentraland) has jumped up 11.6% in just one day! If you are looking to diversify your portfolio with something other than Bitcoin or Ethereum, now could be the perfect time to explore investing in Metaverse or NFT tokens.
The recent surge in crypto market capitalization is bullish news for those who are looking to invest in digital assets or diversify their portfolios with metaverse and NFT-related tokens. Although there’s no guarantee that prices will continue trending upward, this could signal a great opportunity for investors who have been on the sidelines until now to get involved without having to risk too much capital upfront. With any investment comes risk so make sure you do your research before jumping into any asset class!
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