Ethereum

The Sandbox

Bitcoin

Notable

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-discusses-opportunities-in-smaller-cryptocurrencies/" data-wpel-link="internal">Analyst Discusses Opportunities in Smaller Cryptocurrencies</a><br></p>
<p class="p1" style="text-align: justify">Cryptocurrencies with a market value under $10 billion may offer opportunities to <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> who have experienced declines since Bitcoin reached a new peak in early 2024. RealVision’s chief crypto analyst Jamie Coutts explained in a June 13 X post that smaller crypto assets have been on a downward trend since their peak in March.</p> 
<h2 class="p1" style="text-align: justify" id="notable-comment-from-a-renowned-analyst">Notable Comment from a Renowned Analyst</h2> 
<p class="p1" style="text-align: justify">Bitcoin reached an all-time high of $73,679 on March 13 but fell approximately 6% to $67,126 last week, according to Tradingview data. Jamie Coutts shared the following insights:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“If this is a regular mid-cycle correction, which I believe is likely, then expect some opportunities in mid and small markets once the market settles.”</p> 
</blockquote> 
<p class="p1" style="text-align: justify"><strong>Bitformance’s</strong> crypto tracking <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data shows</a> that the top 200 weighted index, which gives equal weight to cryptocurrencies regardless of market value, has fallen over 30% compared to the market value index weighted by cryptocurrency market values over the past three months.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-362362 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/jamie.png" alt="" width="1854" height="963"></p> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-in-the-altcoin-market">What’s Happening in the Altcoin Market?</h2> 
<p class="p1" style="text-align: justify">The decline shows that smaller cryptocurrencies have underperformed compared to larger cryptocurrencies dominating the market value index. Meanwhile, Coutts noted that Bitcoin and Ethereum only experienced declines of 11% and 5%, respectively, in the same three-month period.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-362361 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/bitcoin-1.png" alt="" width="1460" height="846"></p> 
<p class="p1" style="text-align: justify">He added that metaverse-related tokens recorded the lowest returns in the index over the past three months, with a negative return of 44.13%. According to CoinGecko, <a href="https://en.coin-turk.com/the-current-state-and-future-of-metaverse-a-look-at-the-decline-in-interest/" data-wpel-link="internal">metaverse</a> tokens like The Sandbox and Decentraland, which fall under the market value category of under $1 billion, experienced declines of over 15% last week.</p> 
<p class="p1" style="text-align: justify">This comes as institutional interest beyond Bitcoin and <strong>Ethereum</strong> continues to grow. On June 6, Franklin Templeton announced it was exploring a new crypto fund for institutional investors to invest in altcoins. The asset manager did not specify which altcoins would make up the fund’s basket but recently praised the Solana network.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-discusses-opportunities-in-smaller-cryptocurrencies/" data-wpel-link="internal">Analyst Discusses Opportunities in Smaller Cryptocurrencies</a></h5>

Analyst Discusses Opportunities in Smaller Cryptocurrencies

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