In crypto market every coin price responds to Bitcoin price, bitcoin price is a determinant for other coin price. We have alot of coin in the crypto market but only few are stable coin, majority of does coins are voil in nature.
Before you invest in crypto you need to understand how the market works. Currently we are in a bear mark, price has been steadily declining after the bull run in October, alot of investors and traders have loosed their money. So far Bitcoin bas dropped over 50% , many other coin has dropped over 80%. This hqs caused fear in the heart of many investors. Truly some coins won't survive this bear market because they don't have a use case, all they depend on is social media hype.
In crypto no matter the direction of the price you can still make money. You need to be smart and intelligent to make money in Crypto space.
Currently the market is down because alot of people are pulling off their money. In crypto the wise time to buy is when people are afraid. Currently many people are afraid because crypto price has been at a steady decline for about 5 month. It's a wise move if you aquire a lot of crypto asset right now when the price is low, at the last bull run hive gave everyone a huge shock it claim all the way to $3 and leaving steem behind.
At this time you need to make smart a move if you want to make move in crypto, I will advise you to make research on altcoin that will survive this current bear market, please is not all crypto project you can invest in at this time.
If you want to aquire crypto asset right now I will recommend you look at Leo which is the native coin of Leofinance, I have study this coin and am sure it will perform very well in the next bull market. Steem ,phbd, hbd and hive are good asset to invest in at this time. At the last bull run metaverse project gave the crypto market a shock with rapid rise in price. I also expect Move project to perform well in the next bull run.
Always know that crypto Investment is not a quick get rich scheme it takes alot of patience and knowledge. Please do proper research before you invest in any crypto project, this advice is from my personal experiences. If you want to involve in daily trading you need to aquire alot of experience to do that so you won't end up losing your money.
Thank you for reading my post, I hope you will come back tomorrow for new post on crypto.