The increasing dominance of Bitcoin (BTC), which is now at 53 percent, indicates that a lot of inferior altcoins in the market are on their way out. A lot of those altcoins are built on the blockchain of Ethereum, and they were channels for raising fund for their founder, without solving any real-life problem.
Unfortunately, a lot of investors holding on to these coins they purchased in ICO or right after they hit trading platforms, are doing so in the hope that the tokens will recover. They are caught up in FOCO (fear of cashing out), which could even result in further losses in the future.
How To Rescue Your Funds This Season
One great way to rescue your fund in a situation like this is to put your fund in Bitcoin (BTC) or into a very strong project with real-world use cases – blockchain projects that have shown some level of adoption. Unlike last year, when investors were putting in their fund into every project with a promising whitepaper, investors are now skeptical about digital currency projects.
Why IOTA (MIOTA) Is a Good Project to Move to
IOTA (MIOTA) is one blockchain project that presents a great opportunity in times like this. IOTA holds a very strong position in the crypto market as a result of its potentially enormous market, which is the Internet of Things market.
With the 5G network becoming a reality and the increased redefinition of AI, the Internet of Things is set to revolutionize every sphere of the society. IOTA (MIOTA) is a digital currency that has value which transcends speculation.
IOTA (MIOTA) Price Today – MIOTA / USD
The digital currency has also secured a lot of strategic partnerships so far, indicating that the project has value. The digital currency has also been listed on a lot of trading platforms, and its underlying technology has also been adopted by several firms.