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21.06.202116:01 Forex Analysis & Reviews: Crypto assets to invest in when entering a new bullish market cycle

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 21.06.2021 analysis

Today we have a non-standard review of the cryptocurrency market since many investors have the same question: which crypto assets to invest in with the prospect of entering a new bullish market cycle?

The question is worthy of discussion, and if we take into account the fact that many traders at the beginning of the year received excess profits, which were converted into stablecoins, then there are plenty of reserves for investing.

Let's start with the fact that bitcoin and ethereum are the so-called mainstream, large players are highly likely to select this asset class from the market. As small investors, we are interested in the first and second cryptocurrencies, but we understand that they are unlikely to make super-large percentages after the collapse, and with the current discounts, you can choose something more attractive in terms of speculation during the bullish cycle.

We are talking about altcoins with a much smaller capitalization. But there are so many of them, what to choose?

This is where large investors and funds come to the rescue, which serves as a guideline of healthy interest for us with a fundamental analysis of the possible growth of the asset's value in the future.

Such inverters are:

• Andreessen Horowitz

• A16Zcrypto

• Coinbase Ventures

• Pantera capital

• Venrock

• YCombinator

• Binance Labs

• Grayscale Investments

In simple terms, it is profitable to select the asset that the whales of the market accumulate in their portfolios.

As a visual example, consider the digital asset management investment fund Grayscale Investments, which allows accredited investors in the United States to purchase cryptocurrency investment products in a regulated environment through traditional market tools.

The total amount of funds in the funds launched by Grayscale Investments in Bitcoin, Ethereum, and other cryptocurrencies (altcoins) amounted to $34.4 billion.

The fund is actively studying altcoins as an additional asset, based on which it can offer new investment trusts to its clients in the future.

In simple terms, the fund has already announced a list of altcoins that may become candidates for adding to the portfolio.

The list of 31 instruments is selected carefully and thoughtfully, these assets with a high chance will grow up during the bull market, which will give you an advantage among small and little-known altcoins.

Exchange Rates 21.06.2021 analysis

Gven Podolsky
Analytical expert of InstaForex
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