On January 21, we saw the first major concrete step regarding cryptocurrencies from Trump’s team. The SEC took this step. The incident, the details of which we mentioned in the breaking report, was talking about the team created for regulatory clarity regarding cryptocurrencies. However, the SEC’s strings are now in the hands of names known for their cryptocurrency-friendly attitudes. So what are the expectations for cryptocurrencies?
Bitcoin (BTC)
Cowen announced earlier today that the industry is 100% BTC He made a comment that he deserved his dominance. Of course, this post received a reaction as altcoins weakened while BTC increased, demoralizing investors. As a matter of fact, there are initiatives among altcoins that actually produce benefits and deserve long-term growth. Following the criticism, Cowen wrote:
“To be clear, the quoted tweet was (largely) intended as a joke.
Normally in post-halving years, #BTC dominance wanes at some point (although it doesn’t always have to start immediately like in 2021). However, I think the industry as a whole has partially lost its way and is now focusing on the things it needs to berate. When many people try to speak out, they are met with disdain and hatred, so they choose to remain silent.
At some point, the crypto industry will go through a brutal awakening where it realizes that capital in the crypto world needs to be allocated differently. Rather than focusing on filling and draining Memecoins, the industry should strive to create real benefit that truly improves society. But who knows when that will happen?”
At the time of writing coinbase Its CEO said that he could delist Tether from the exchange if necessary (legal requirements). If this is a signal of a major internal event, the negativity in cryptocurrencies may continue for a while. The center moved to El Salvador Tether Causing such a problem for BTC may lead to a decline in altcoins that will significantly increase its dominance.
APT Coin Review
One of the recently forgotten altcoins as a rival to Solana Aptos. A lot cryptocurrency It was overshadowed by Trump and his wife’s ridiculous token. While Trump reached tens of billions of dollars in FDV, he never mentioned crypto in his speech. Moreover, we have not seen a decree regarding cryptocurrencies. So far, the only concrete step has been taken by the SEC.
Leaving pessimism aside, Michael Poppe wrote the following for APT Coin:
“Markets are slowly waking up again. APT has seen a major correction, but it is not in bad territory in terms of accumulation. “We expect it to break $10 and then the next run will likely be much stronger.”
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.
