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Co-founder of the ENCRY Foundation Roman Nekrasov on cryptocurrencies that can show growth in the long term
The opinions of experts may not coincide with the position of the editorial board. “RBC-Crypto” does not give investment advice, the material is published solely for informational purposes. Cryptocurrency is a volatile asset that can lead to financial losses.
Bearish sentiment reigns in the crypto market, the index of fear and greed fell to 10 points, which indicates strong unrest and uncertainty among market participants. During such periods, investment decisions should be made with extreme caution.
It is worth taking a closer look at the token of the Solana ecosystem, which, amid reports of technical problems in the blockchain, lost 11% in price. On June 1, the Solana network did not produce new units for more than four hours, and this is not the first technical failure in its work. As a result of negative news, the coin rate fell, and this may be a good chance to enter the asset.
But it must be borne in mind that such an investment is a long-term one. In the coming months, bears will dominate the altcoin niche even more than in the case of Bitcoin, so it is hardly necessary to expect fast XS with SOL. At the same time, in the long term, the coin can grow many times in price due to the influx of new projects and liquidity into the Solana ecosystem.
The main difficulty is to understand how deep the SOL has already fallen and whether now is the right time to enter. I do not rule out that SOL will sink in price even more in mid-June against the background of the meeting of the US Federal Reserve, where the next increase in the key rate will be discussed. This could heighten investors’ fears about cryptocurrencies, and then the entire crypto market will turn red and SOL will fall even further.
Trying to beat a market that is in a panic or a state close to panic is a disastrous business. So I would advise you to calm down and direct some small amount to the nearest investments, and treat the investments themselves as an experiment. For example, buy STEPN NFT sneakers.
With all my ambiguous attitude to this project, which has many features of a financial pyramid, now the purchase of sneakers can be very profitable, since the prices for them have dropped a lot – somewhere up to $ 200. Due to the fall in the cost of the NFT themselves, the payback of sneakers has decreased, which means that the yield on such an investment now looks very attractive.
However, it must be understood that the business model of this project raises a lot of questions, and it is possible that the hype around it has declined, and users, already frightened by the collapse of Luna, in a hurry will begin to withdraw money from it, which will lead to a strong drop in prices for NFT sneakers, and in the most negative scenario – serious financial problems for the entire project.
#experimental #purchase #Solana #STEPN #sneakers
