Big Money Investors Turn to These Altcoins as Crypto Market Recovers – What Do They Know?
While stocks continued Friday's downward trend Monday, Bitcoin and other cryptocurrencies remained relatively steady, though Bitcoin is currently struggling to stay above the $17,000 support. As markets remain unpredictable, this is a great time to follow the lead of many other investors buying into successful presales to get in on the ground floor of some very promising projects. More on this below.
The economic calendar for the week ahead is led by new readings on the producer price index (PPI) — which measures prices paid for goods and services before they reach consumers — and consumer sentiment. On Monday, the ISM Manufacturing Index expanded faster than expected in November, coming in at 56.5 compared to estimates of 53.5. This is above October’s reading of 54.4. According to the Purchasing Managers’ Index (PMI), new business activity fell at the sharpest rate since May 2020. The PMI for November is 46.2, which is down from 47.8 in October.
The better-than-expected growth has likely made markets wary of larger rate hikes by the Fed in December than might be ideal for an economy that many forecast is in or quickly heading towards a recession.
https://twitter.com/businessline/status/1599706668765511681
Although the cryptocurrency market is still in a bear market, this doesn't mean that now isn't a good time to invest. On the contrary, many people believe bear markets are an ideal time to buy assets at lower prices before the next bull market. One way to find discounted tokens is through presales before they hit the main market.
While there are many presale tokens to choose from, it is important to only invest in those with a demonstrated use case, reliable investor support, and strong development team. Some examples of
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