The cryptocurrency market is currently underestimated, but if the situation in the Western economy deteriorates sharply, its collapse has certain risks. In this respect writer “RBC-Crypto”, referring to cryptocurrency market analyst Viktor Pershikov.
Since the end of last year, amid the collapse of the industry associated with the collapse of the FTX exchange and a number of other crypto companies, cryptocurrency prices have recovered quite well and currently the market capitalization level exceeds $ 1 trillion. Pershikov stated that all this shows that the cryptocurrency market is currently undervalued.
According to him, the bitcoin rate will not drop now, which indicates increased investor interest. Therefore, we can count on further growth of the first cryptocurrency in the second half of the year.
He added that certain risks for the cryptocurrency market stem from certain problems in the Western economy, especially a possible recession in the US and falling stock markets.
May 13 Nikita Vassev, co-founder of 0xprocessing declarationBitcoin (BTC), Arbitrum (ARB) and Sui (SUI) are currently the main cryptocurrencies with growth potential. At the same time, it should be remembered that cryptocurrencies themselves are a volatile asset and investments in them can lead to losses.