The cryptocurrency market did not have a good start in 2022, with the entire market worth falling about more than 50% from its all-time highs in November. Many people are speculating on whether Bitcoin has finally reached the bottom. President Biden is expected to make some crypto actions soon, which could mean some major price impact on the crypto investors in the short term. Because of the ongoing uncertainty, February is an excellent month to stick with more established cryptos. Prices may fall further, but the fact that many are trading at considerably lower levels than past highs is another reason to pay attention to certain old favorites. According to research published last year, Altcoins have been a significant driver of the burgeoning cryptocurrency sector, which briefly reached a $3 trillion capitalization in 2021, with Shiba Inu and others leading in value and popularity development. Altcoins Made 2021 The Year For Them Altcoins began to account for a larger percentage of the total crypto universe even during the wide crypto market sell-off, decreasing Bitcoin’s “dominance” in industry parlance. Many “Ethereum killers,” or competitors in the field of smart contract blockchains, such as Solana, with its SOL token, began to attract traders’ attention. In July, the price of so-called layer 2 tokens, such as Polygon’s MATIC, which aims to improve the efficiency of transactions on the Ethereum blockchain, roughly doubled...
