Entering 2023 with a positive momentum in cryptocurrencies rises occur. First Bitcoin (BTC) and Ethereum (ETH) including many altcoinThere were also good increases.
But there are some altcoins that diverged positively from the market and gained up to 50%.
Analysts of investment company Bernstein, who evaluated these altcoins, said that 2023 started at a time when the downward trend in the crypto markets peaked, but then this situation changed.
Stating that cryptocurrencies have been on the rise in recent days, Bernstein said that this rise Solana (SOL) and Lido (LDO) He stated that altcoins such as
Analysts pointed out that there was an increase of more than 20% as investors who bet on the decline in altcoins such as Solana and Lido closed their positions, and said:
“Investors have bet against liquid staking platform Lido amid concerns over whether the next Ethereum update will allow to withdraw planned staked Ethereum (ETH).
However, Ethereum is still fundamental. In this context, whenever the new cycle starts, ETH is the peak asset of the new cycle.”
Finally, analysts stated that they are optimistic about the reopening of China, and that the buying sentiment of investors with a rising trend is still not high after FTX’s bankruptcy and Asia is leading the purchases instead of the USA.
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