您现在的位置是:The crypto space will record more destruction >>正文
The crypto space will record more destruction
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛87人已围观
简介The cryptocurrency market has recorded huge losses in recent months and some experts believe there i...
The cryptocurrency market has recorded huge losses in recent months and some experts believe there is more destruction on the horizon.
Blockchain.com CEO Peter Smith believes that there is more destruction to come in the cryptocurrency space. He said this while commenting on Terra’s recent collapse.
During an interview with CNBC, Smith said more destruction is expected in the cryptocurrency market due to the nature of some projects. However, he believes it is a positive thing for the decentralised economy in the long run.
He advised cryptocurrency investors to use the techniques leveraged by the traditional financial markets investors, dollar-cost averaging. Using this method, investors can slowly build a position in an asset over time so all their money isn’t exposed to any single bout of volatility. Smith said;
“Average into it slowly. Worldwide Exchange. “And you need to be prepared to hold it for quite some time. Because we’re still in really the nascent period of building this whole finance system out.”
Blockchain.com is one of the earliest cryptocurrency exchanges in the world as it was established in 2011.
The cryptocurrency market has massively underperformed in recent months. Last week, Bitcoin reached a yearly low of $26,000 before slightly recovering to stay around the $30k psychological level.
The Terra collapse wiped out billions of dollars from the cryptocurrency market within a week. LUNA, the native token of the Terra ecosystem was one of the top 10 cryptocurrencies by market cap a few weeks ago.
However, it has lost its position and is not in the top 100 at the moment. UST, the Terra ecosystem’s stablecoin, was also depegged from the US Dollar, leading to the loss of billions of dollars by investors.
At press time, the total cryptocurrency market cap stands above $1.2 trillion, down by more than 50% from the all-time high of $3 trillion recorded in November 2021.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/518491.html
相关文章
Two new US bills to protect workers from ‘intrusive’ AI surveillance
The crypto space will record more destructionBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.On Thursd...
阅读更多
HSBC to launch digital asset custody services in collaboration with Metaco
The crypto space will record more destructionHSBC plans to offer digital asset custody services for institutional clients.The bank will offer the...
阅读更多
Bitget introduces Arabic support for crypto trading in Middle
The crypto space will record more destructionDubai, UAE, November 23rd, 2023, ChainwireBitget, the world’s leading cryptocurrency exchangea...
阅读更多
热门文章
- Ripple Launches Loan Service For Users
- Ethereum worth more than Turkish lira and Norwegian krone
- Uniswap's governance raises decentralisation concerns
- Northrop Grumman wins Ancillary VTOL DARPA contract
- ChainLink price up 3.13% to boost optimism for a bullish reversal to $10.00
- Sandbox could outperform Axie Infinity after Ronin attack
最新文章
AI and robots are the new battery development dream team
Swiss Bank SGKB partners with SEBA for Bitcoin and Ethereum services
Iranian supersonic missiles now undergoing tests: state media
Why a Bitcoin rally could mean big business for NUGX as whales diversify
Lockheed to deliver HEL aerial defense laser by 2025 under new US Army contract
DARPA’s new study to enable a shared lunar infrastructure