What is Cryptocurrency and what risks involved in it??

Friends, here is a new forum to discuss financial investments and new trends.  A Crypto Forum for Thought-Provoking Conversations

Our intention is to start a conversation about the latest developments and the changing nature of virtual currencies.

Due to the size and ongoing evolution of the cryptocurrency space, it is essential for enthusiasts and investors to remain connected and educated.

This forum offers an essential venue for updates, conversations, and insights. Each thread in this forum  serves a certain niche within the cryptocurrency community and provides a thorough overview of the most prominent cryptocurrencies on the internet. 

All indicators are showing us that the next major cryptocurrency bull run is waiting for us right around the corner.Bitcoin has seen its all-time-high (ATH) this year.

it is predicted that since the 2021 crypto market upswing this could turn out to be the biggest bull run 

Crypto: Ethereum Could Trigger An Explosion Of Altcoins! Latest news --- 20th June

Michaël van de Poppe, renowned crypto analyst, anticipates a significant rise in altcoins, driven by Ethereum’s remarkable resilience. While Bitcoin shows signs of weakness with substantial capital outflows from US-based ETFs, Ethereum demonstrates impressive stability. This dynamic could well herald a major turning point for the altcoin market.

An imminent rise in altcoins

According to Michaël van de Poppe, Ethereum’s resilience could herald a new era for altcoins. The renowned analyst highlights that the ETH/BTC pair, which has recently shown signs of strength, could trigger a significant rise in altcoins after more than two and a half years of a downtrend. Van de Poppe believes that as long as the ETH/BTC pair holds above the key level of 0.05, a trend reversal is possible. This analysis is based on on-chain data revealing increased accumulation of Ethereum by whales, contrasting with Bitcoin liquidations. This technical signal indicates that Ethereum’s crypto price could climb exponentially against the US dollar, driving positive dynamics for the entire altcoin market.

Institutional interest in cryptos other than Bitcoin continues to grow, as evidenced by the imminent launch of Solana’s exchange-traded product (ETP) in Canada. This trend reflects a diversification of institutional investment portfolios, once largely dominated by Bitcoin, towards alternative cryptos with attractive growth prospects.

Bitcoin’s dominance, measured in terms of relative market share, is also poised for a major reversal. This outlook could favour a rotation of investor liquidity towards altcoins and thus amplify their performance.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to Google adviser, and should not be taken as investment advice. Do your own research before taking any investment decisions.

The realm of cryptocurrencies is extremely dynamic. Prices can go bullish or bearish in a matter of seconds. Thus, it’s a must that  investors must weigh every move with reliable sources .