Why cryptocurrencies are going down in 2022?

Photo by Tezos on Unsplash

Why is crypto constantly crashing?

The terra luna stable currency essentially broke the dollar this past weekend, which was a crypto-specific occurrence. Stable coins are a crucial aspect of the crypto ecosystem, and they are expected to remain stable. The U.S. dollar is meant to be worth exactly the same in both currencies. It’s a popular destination for investors looking for a safe haven amid market turmoil.

Will the cryptocurrencies surge again ever? Is it good to invest now in crypto?

In the subsequent years, it’s possible to see a rise in the prices of the many blockchains. However, it might not be a sudden increase. But that doesn’t mean there won’t be a rough slope.

When will the market go back to stable?

Cryptocurrency markets are so volatile that it’s impossible to forecast what will happen next. It’s possible that you’re buying the dip, but it might also indicate that you’re buying the dip on the way down, and they could always go lower. Although some people are tempted, I feel it is a bad idea to do so. They’re also taking on a lot of risk in a scenario that has already begun to go south and might continue to do so for some time to come.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Haider Ali Khan

Haider Ali Khan

𝗦𝗘𝗢 𝗖𝗼𝗻𝘁𝗲𝗻𝘁 𝗪𝗿𝗶𝘁𝗲𝗿 | 𝗖𝗼𝗻𝘁𝗲𝗻𝘁 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝘀𝘁 | 𝗖𝗼𝗽𝘆𝘄𝗿𝗶𝘁𝗲𝗿