While the market is on a downward trend, Bitcoin the giant of the crypto market has seen a drastic drop, and other altcoins followed the same trend, will we be able to recover, another coin like Luna did a total crash which is so bad for investors. In this scenario, can we still trust a high and unpredictable volatile I investment such as altcoin in this bear season?
The market that continued to decline this month drastically made the Bitcoin price drop below $30k, and that has sent all the altcoins down as well.
In fact, we have to be careful, because there is still a possibility that the market will fall even deeper in the near future. So I agree that investing
in altcoins today does have a very high risk, for example we can see what happened with LUNA. Even though LUNA had always been in the top 10,
but surprisingly the price keeps falling lower and now starting to lose the confidence of investors.
So it's better for now if we want to invest, it's better to focus on investing in Bitcoin, which Bitcoin is a safe choice for investment in situations like this.
If we want to invest in altcoins, maybe I would recommend investing in ETH and BNB, which apart from having very strong fundamentals.
ETH and BNB also have a trusted development team, so the chances of BNB and ETH recovering are quite high. So it's safe to invest in ETH and BNB
in my opinion.