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Here’s 5 altcoins to study as crypto prices drop close to a 1-year low

Published 01/24/2022, 05:15 PM
Updated 01/24/2022, 07:00 PM

The pain trade has been an unwelcome sight across the cryptocurrency market since the start of 2022 and over the past 24 days Bitcoin (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.me
MATIC/USDT 1-day chart. Source: TradingView
Total MATIC wallets over time. Source: Dune Analytics
FTM/USDT 1-day chart. Source: TradingView
Total value locked on Fantom. Source: Defi Llama
DOT/USDT 1-day chart. Source: TradingView
Polkadot ecosystem. Source: PolkaProject
CRV/USDT 1-day chart. Source: TradingView
Percentage of CRV tokens locked on Curve. Source: Dune Analytics
FXS/USDT 4-hour chart. Source: TradingView
FRAX monthly volume. Source: Dune Analytics
Total value locked on Frax Share. Source: Defi Llama

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