Ethereum

Franklin

The Sandbox

Solana

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/smaller-cryptocurrencies-offer-new-opportunities" data-wpel-link="internal" rel="noopener noreferrer nofollow">Smaller Cryptocurrencies Offer New Opportunities</a><br></p>
<p style="text-align: justify">Cryptocurrencies with market values under $10 billion might present investment opportunities following a decline since Bitcoin hit a new high in early 2024. According to Jamie Coutts, chief <a href="https://en.bitcoinhaber.net/market-dynamics-shift-for-bitcoin-and-ethereum" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a> at RealVision, smaller crypto assets have faced a downward trend since their peak in March, as stated in a June 13 post on X.</p>
<h2 id="insights-from-a-prominent-analyst">Insights from a Prominent Analyst</h2>
<p style="text-align: justify">Bitcoin reached its all-time high of $73,679 on March 13 but dropped approximately 6% to $67,126 last week, based on Tradingview <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a>. Jamie Coutts expressed that if the current market correction is a standard mid-cycle event, opportunities may arise in mid and small markets once stability returns.</p>
<p style="text-align: justify">According to Bitformance’s data, the top 200 weighted index, which equally weights cryptocurrencies regardless of market value, has decreased by over 30% in the last three months compared to the market value index weighted by cryptocurrency market values.</p>
<h2 id="what-s-influencing-the-altcoin-market">What’s Influencing the Altcoin Market?</h2>
<p style="text-align: justify">The data indicates that smaller cryptocurrencies have underperformed against larger counterparts in the market value index. During the same three-month period, Bitcoin and Ethereum only saw declines of 11% and 5%, respectively. Metaverse-related tokens recorded the lowest returns, with a negative return of 44.13%. Metaverse tokens like The Sandbox and Decentraland, valued under $1 billion, dropped over 15% last week according to CoinGecko.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">For <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> considering these smaller cryptocurrencies, here are some notable points:</p>
<ul>
 <li>Market corrections can present entry points for mid and small market assets.</li>
 <li>Investors should monitor the performance of the top 200 weighted index for broader market trends.</li>
 <li>Metaverse-related tokens currently show significant underperformance.</li>
</ul>
<p style="text-align: justify">This comes as institutional interest in cryptocurrencies beyond Bitcoin and Ethereum continues to rise. On June 6, Franklin Templeton revealed its plans to explore a new crypto fund for institutional investors focused on altcoins, although the specific altcoins were not disclosed. However, the firm has recently commended the Solana network.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/smaller-cryptocurrencies-offer-new-opportunities" data-wpel-link="internal" rel="noopener noreferrer nofollow">Smaller Cryptocurrencies Offer New Opportunities</a></h5>

Smaller Cryptocurrencies Offer New Opportunities

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