Analyst: These 3 Altcoins Offer Entry Opportunity!

The cryptocurrency market is under the influence of strong winds. A number of altcoin projects had to throw the towel in this era. Some turned out to be fraudulent. However, some see the bear market as an opportunity to develop and renew themselves. In the middle, crypto prices are quite discounted compared to their peaks. Crypto expert Godfrey Benjamin has identified 3 altcoins that give an opportunity to enter this era. We have prepared the expert’s choices for you with his own narration.

The crypto market is experiencing a massive valuation drop

Koindeks.com As you follow, after the United States Office of Labor Statistics (BLS) released inflation information in September, the cryptocurrency industry is still trying to find stability. Therefore, the digital currency ecosystem is currently experiencing a huge valuation drop.

The Consumer Price Index (CPI) came in at 8.2% last month, showing that the ongoing rate hikes, the latest 75 basis points, are not bearing fruit well at the moment. The resulting reaction plunged the classical market into chaos. In addition, the resulting ripple effect is reflected in the broader digital currency ecosystem. The combined crypto market cap stands at $932 billion at the time of writing. Let’s take a look at altcoins entering the new week with impressive weekly performance.

The first altcoin project Quant (QNT)

Quant rose 22.46% on a weekly basis to $192.68, according to CoinMarketCap information. Thus, it is trending for the second time in a row as one of the best performers in the ecosystem. The coin entered a major uptrend during the smoother part of this month. Therefore, investors need to monitor the progress before purchasing this token. This is because a slight correction is possible in the short term.

In second place is Huobi Token (HT)

Huobi Token is the local cryptocurrency of the Huobi Global exchange. The altcoin climbed up to $7.07, up 72.16% on a weekly basis. The Huobi token entered a massive uptrend with news of the exchange being acquired by About Capital Management, along with reports of relationships with Tron founder Justin Sun. With the change in ownership, investors believe the stock market may be well capitalized. They also feel that it will be better placed to finance its current global growth.

Latest altcoin project Arweave (AR)

Arweave is a decentralized storage network that aims to provide a platform for unlimited information storage. Since its inception, the adoption of the protocol has increased significantly. So far, this adoption has also been reflected in the token price increase. Cryptocurrency is changing hands at $10.06, an increase of 13.50% compared to last week.

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