Finding the Next Narrative
Bitcoin ($BTC) dipped below $19,000, as bearish sentiments continue to dominate the equities and crypto markets. Investors prefer to adopt a wait-and-see approach while the global economy is still reeling from post-pandemic inflation.
Generally, bear markets are the time for accumulation. Since the crypto market is narrative-driven, finding the next narrative can be an enriching pursuit. In the summer of 2020, the market experienced a Decentralized Finance (DeFi) boom. This was subsequently followed by a crypto bull market that saw Non-Fungible Tokens (NFTs) and the Metaverse themes taking center stage.
The Merge has been successful and Ethereum ($ETH) will likely be a preferred asset for institutional investors because of the deflationary pressure and the utilities it packs. However, in terms of raw performance, Ethereum is still unable to match the likes of other layer-one solutions such as Solana ($SOL), Cosmos ($ATOM), or Avalanche ($AVAX).
The term...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...