As many are scared of today's FOMC meeting and FED rate hikes, we could see some price manipulation in crypto today. With some crypto prices hitting yearly lows, we are getting ready for a new positive price action in crypto.
In the posted chart, we can see some of the main cryptocurrencies. The x-axis represents days from the ATH of the currency and the y-axis represents the % the currency is down from its ATH. The size of the dots represents price purchases from the daily minimum.
Some hypotheses can be drawn from this broad chart:
LUNA is a project with a completely different price action than other projects. This may be the cause of its burning tokenomics and current hype around its ecosystem. The top right corner cryptocurrencies are not in consideration by investors and look like they have lost their momentum.The top left cryptocurrencies (SOL, DOT, etc.) could be the ones investors are considering putting into their portfolio, but are within the dependency of $BTC price manipulation.We have decided to take a closer look into the 3. segments of the projects and include them in our strategy. Some of these we are really considering are $DOT , $MATIC , $AVAX , $1INCH. Still, we are 40% in $UST and waiting for the right time to buy back in.
Time will tell
The source site is coinpaprika. The @ handle is different than this one and needs to remain unknown.