Crypto has shown relative strength, down $140 billion, while global markets have crashed with losses exceeding $3.7 trillion. In the face of such a financial storm, digital assets have proven more resilient than those in traditional sectors.<\/p>\n
A case in point is the United States, where, as Altcoin Daily\u2019s latest analysis notes, equity markets have taken a severe hit with over $3 trillion lost. Multi-billion dollar drops have also been recorded in Japan, Taiwan, and South Korea. The culprit is thought to be the political change of guard after the midterms gave Democrats control of Congress; the prospect of tighter regulation on issues like artificial intelligence and its impact on the pace of technology has caused unease.<\/p>\n
Yet the cryptocurrency sector has not been so easily shaken. The host at Altcoin Daily notes the market as a whole is $140 billion in the red, no small amount but hardly in the same league as the Nasdaq when you consider crypto\u2019s market cap is only a fraction\u2014between 1\/10th and 1\/50th\u2014of traditional equities. For the seasoned investor, there is an argument to be made for buying into the VIX, which has climbed to its fifth highest level ever in stock market history.<\/p>\n
In the past, a sell-off of this nature prompted by midterms has been followed by a recovery of around 30% over the next year. But while the old guard may yet do the same, the crypto market appears to have already put its selling behind it. There is an opportunity, says the channel, particularly for those with sound fundamentals. Take Injective (INJ) for example, which stands out thanks to better network development and activity. Or BitTensor (TAO), whose novel approach to decentralized AI and the way it apportions risk and value is attracting anyone wanting exposure to the intersection of AI and crypto.<\/p>\n
This article reflects the channel author\u2019s opinion and is not investment advice.<\/em><\/p>\n Every call by Altcoin Daily and how it played out \u2014 in the BuyCrypt bloggers tracker<\/a>.<\/em><\/p>\n Source \u2014 Altcoin Daily: https:\/\/www.youtube.com\/watch?v=QBs3_dE8c9c<\/a><\/em><\/p>\n <\/p>\n Explore how you can practice trading cryptocurrencies like INJ and TAO risk-free with our realistic crypto trading simulator. trade crypto risk-free<\/a>.<\/p>\n <\/p>\n