The events of early May startled crypto investors worldwide, as the Terra Luna collapse saw 18 billion dollars vanish from the market almost overnight, becoming the worst catastrophic event in cryptocurrencies short and illustrious history.
The Federal Reserve System (FED), presently led by Jerome Powell, increased interest rates by 50 basis points in May as a last-ditch effort to contain runaway inflation; it seems, however, to have been too little, too late.
Markets frequently undergo a phenomenon known as a taper tantrum after interest rate increases. Nonetheless, the price volatility experienced by the crypto asset class has exceeded this threshold and marks the beginning of a potentially protracted decline.
Given these gaps in the conventional financial industry, which cryptocurrencies are likely to become market leaders in the next several years?
RoboApe Token (RBA), a new cryptocurrency token, has the potential to exceed Bitcoin (BTC) in the preceding years for the following reasons. See how below.
Bitcoin (BTC) is presently trading at around $23,000, a decrease of more than 65% from its all-time peak in November 2021, when it was over $69,000.
Bitcoin traded above $40,000 at the beginning of May, and this month has seen a steep decline of more than 70%.
A diabolical cocktail of difficulties from the geopolitical instability and global supply chain disruption with the conflict in Ukraine to increasing interest rates hurting traditional markets, have affected Bitcoin and contributed to the collapse of Terra Luna.
This price volatility has reminded all investors just how rapidly the price of Bitcoin may swing either way. The Fear and Greed Index is now at 11 (Extreme Fear) and is a valuable statistic for gauging the current market attitude, which is currently highly bearish.
The RoboApe (RBA) project is a futuristic meme token. RoboApe is a project that realigns the current processes of cryptocurrencies by eliminating team incentives.
RoboApe aspires to be a community-driven venture that offers its customers a variety of investment opportunities to revolutionize the cryptocurrency industry. This differs from the typical humorous form of meme tokens, enhancing their usefulness.
RoboApe (RBA) is a cryptocurrency platform that provides its customers with DeFi, DEX, crypto education, NFTs, eSports, and gaming. The RBA platform gives the community access to smart contracts, the creation of decentralized applications, and continuous development.
RBA is the native token of the platform. It is an ERC-20 meme token that provides investors with several advantages, such as participation in governance and DAO, rewards for holding the token, participation in the minting and trading of NFTs, and incentives for engaging in eSports.
RoboApe is distinguished from other meme tokens on the bitcoin market for the reasons stated.
RoboApe (RBA) is poised to become the next sought-after commodity, giving customers more investment alternatives while also providing pure entertainment.
Research and portfolio analysis are the most valuable tools for cryptocurrency investing. Indulging both could go a long way toward ensuring long-term profitability.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.