Market analysis of the currency circle in the first half of 2022, pay attention to these 3 cryptocurrencies
June is the end of the first half of the year. Judging from the current situation, 2022 is a very worrying year for the encryption field. The global inflation and the Russian-Ukrainian war have affected the global economy to a certain extent. , and cryptocurrencies are not immune.
In the first half of the year, after the Federal Reserve (Fed) raised interest rates , the cryptocurrency began to fall continuously, and Bitcoin once hit a low of $20,111 on June 15 this year. In addition, there have been frequent thunderstorms in the currency circle recently. The collapse of Terra had a devastating impact on the entire cryptocurrency market. Since then, Celsius , Three Arrows Capital , etc. have been liquidated and on the verge of bankruptcy.
In general, when the liquidity of the financial market tightens , the cryptocurrency market bears the brunt, especially the mainstream cryptocurrencies led by Bitcoin, and the big bull market may cease to exist during the cycle of interest rate hikes.
Although it seems that the currency circle still needs to look at the performance of the US stock market in the second half of this year, BTCC still analyzes three cryptocurrencies that you should pay special attention to in the second half of 2022.
First of all, Ethereum (ETH) among the mainstream coins is particularly noteworthy. Many investors are long-term bullish on the development of Ethereum, especially after ETH announced its imminent merger. Although the current overall encryption market is facing headwinds and ETH encounters various problems, it is recommended for short-term operations that if it falls below $1,000, it can be short-sold and take profits in time; if it is inclined to long-term operations, it is a good time to start ETH.
Second, Uniswap’s prominence in the DEX market is well known. Uniswap V3 has dominated the exchange market within a year of its launch, and as more passive and diversified capital is released, Uniswap will likely become dominant in other asset classes as well.
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Click on the original link to view the detailed analysis: Currency market in the first half of 2022; 3 cryptocurrencies worth noting in the second half of the year - BTCC
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