What are the best cryptocurrencies for Momentum Trading?

Momentum traders prefer volatile markets to gain from the short-term ups and downs, and cryptocurrencies, including BTC and ETH, are the most suitable asset group. Still, momentum trading involves a precise timing to the opening and closing of a trade.

What is the FOMO effect in cryptocurrency?

Sometimes the uptrend creates a fear of missing out (FOMO) effect, and the price continues to increase for much longer than it would actually do based on fundamental analysis Fundamental analysis is an approach used by cryptocurrency investors to establish the intrinsic value of a crypto asset.... .

What is fundamental analysis in cryptocurrency?

Fundamental analysis is an approach used by cryptocurrency investors to establish the intrinsic value of a crypto asset.... . The uptrend may continue until a large number of sellers or whales believe that the price is overbought and doesn’t reflect the intrinsic value.

Are FTX issues affecting confidence in the crypto ecosystem?

"The issues with FTX have undoubtedly hit confidence in the crypto ecosystem at large," said Usman Ahmad, CEO of Zodia Markets, the crypto exchange of global bank Standard Chartered (STAN.L). STABILIZING BITCOIN? Known for its volatility, bitcoin has gained some stability this year.