Bitcoin 
$66,484 price At the time of writing, it reached the $ 66,000 mark and the decline is depressing for altcoins. According to experts, does SCR Coin, newly listed on the Binance exchange, offer a buying opportunity? What do market data tell us about the future of cryptocurrencies? Today we will examine the opinions of different experts.
Can I Buy SCR Coin?
Altcoin Sherpa is newly listed on the Binance exchange today SCR CoinHe put ‘on his agenda. The number of newly listed altcoins is increasing day by day and there are many more cryptocurrencies in our lives than in 2021. But the market value of all cryptocurrencies is still at low levels. This means many older altcoins have less liquidity.
SCR Coin fell after listing and is looking for new lows. So why did it drop so much? According to the analyst, inflated prices due to overvaluation are rapidly causing these altcoins to be abandoned.
“New Binance Coins used to be the type that you could actively trade and make money by buying early. They’re only falling these days because valuations have gotten so crazy. If you address the disconnect between private and public valuations, you may see some changes. When you see valuations as high as they are, there isn’t much upside for individual users, your strongest supporters. “The fact that the incentives are terrible means that these graphs are crushed.”
Where Are Cryptocurrencies Going?
Not exceeding $67,000 in today’s valuations BTC We mentioned that the price may decrease further. BTC has pinned below $66,000 for now. Things aren’t great in the U.S. economy, and home sales have fallen significantly to the levels of 14 years ago.
The rate of first-time home buyers dropped to an all-time low of 26%. In September, the median sales price climbed to $404,500, up 3% compared to last year’s data. At the current pace, housing stocks will be depleted in up to 4 months, which is not good for inflation. A recession in the housing market is also negative for crypto as it could negatively impact the US economy and inflation.
Paul Tudor Jones said the other day “all roads to inflation “It’s coming out,” he said. 10-year bonds rose to the highest level since July. Nic wrote in his final analysis;
“The market appears concerned about persistent long-term inflation driven by record levels of borrowing. Paul Tudor Jones is right – all roads lead to inflation.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
