The pain trade has been an unwelcome sight across the cryptocurrency market since the start of 2022 and over the past 24 days (BTC) and the altcoin prices have drifted, leading some analysts to suggest that a bear market is at hand.
Despite traders’ concern that another extended crypto winter could be starting, it times like these when investors can capitalize on great opportunities to pick up fundamentally sound cryptocurrencies at a discount.
Crypto Fear & Greed Index. Source: Alternative.meMATIC/USDT 1-day chart. Source: TradingViewTotal MATIC wallets over time. Source: Dune AnalyticsFTM/USDT 1-day chart. Source: TradingViewTotal value locked on Fantom. Source: Defi LlamaDOT/USDT 1-day chart. Source: TradingView ecosystem. Source: PolkaProjectCRV/USDT 1-day chart. Source: TradingViewPercentage of CRV tokens locked on Curve. Source: Dune AnalyticsFXS/USDT 4-hour chart. Source: TradingViewFRAX monthly volume. Source: Dune AnalyticsTotal value locked on Frax Share. Source: Defi Llama
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