Despite the bear market, some coins are still managing to outperform the overall trend.
Although Bitcoin (BTC) has managed to maintain its dominance throughout the bear market, we are seeing some major cryptocurrencies outperform it. This shows that the market has started to favor some coins and disregard the others.
We believe that some cryptocurrencies might bottom out even before Bitcoin does. Due to that, it is necessary to be selective about coins if one wants to reap the benefits.
When larger traditional investment firms and exchanges get ready to take the plunge, it is an indication of underlying demand. Therefore, we expect increased involvement from the larger players who have been waiting on the sidelines.
The bear market is a difficult time for investors in terms of the prices. But it is also a period when the fundamentals improve and ultimately carry the prices out of the bear phase.
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