The cryptocurrency market started the week lower, with most cryptocurrencies falling behind tech stocks in premarket trading. Some traders and investors believe the plunge presents a buying opportunity Bitcoin (BTC) and some altcoins on favorable terms.
In the last 24 hours Bitcoin lost 5,51%, while altcoins fell by 7,71%. The total cryptocurrency market capitalization excluding BTC according to TradingView (TOTAL2) is $1,34 trillion, which is slightly more than the market leader.
Bitcoin (BTC) Price and Total Altcoin Market Cap. Source: TradingView
On January 26, when the collapse began, the former CEO Binance Чанпен Чжао (CZ) призвал инвесторов «придерживаться фундаментальных принципов», добавив, что «время будет на вашей стороне». Другими словами, он посоветовал не поддаваться панике и отдать предпочтение инфраструктурным проетам.
Чтобы разобраться в ситуации, модели искусственного интеллекта Grok 2, поставили задачу проанализировать информацию и сделать вывод о том, какие криптовалюты лучше купить в начале этого года. Его ответ был нетривиальным — биткоины и альткоины.
According to AI, BTC is still the best choice for conservative investors given its “established market position, liquidity and the perceived security» of Bitcoin.
On the other hand, active investors can benefit from the “more profitable opportunities” provided by altcoins.
The potential for significant returns, fueled by innovations in blockchain technology and regulatory changes, makes altcoins attractive to those willing to accept increased risks.
Including Bitcoin for stability and choosing altcoins with strong fundamentals or innovative use cases could balance risk and reward, Grok concluded.