Analyst: There are mean reversion opportunities in the crypto market, but small-cap tokens carry greater risks
ChainCatcher news, according to cryptocurrency analyst CarpeNoctom's analysis on Ozzy's suggestion that "there are a lot of investment opportunities in the current cryptocurrency market.
Investors are advised to look at price charts with 0.5 Fibonacci retracement as the target price", it is suggested that there are many mean reversion investment opportunities in the current cryptocurrency market.
However, investors are reminded to be cautious about the assumption of mean reversion for tokens with very small market values, as many small-cap tokens may not achieve the expected mean reversion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WBTC officially listed on JustLend DAO
Data: Early Ethereum whale deposits 1,000 ETH to CEX, worth approximately $3.03 million
Next Week's Key Insights: A certain exchange to host Blockchain Week in Dubai; Ethereum releases Fusaka upgrade