Crypto Experts are Saying These Altcoins Will be the Next Big Thing – Find Out Why

cryptonews.com:

Cryptocurrency markets suffered a major setback in 2022 after experiencing a soaring high in late 2021. Bitcoin plummeted from a record high of $69,044.77 in November 2021 to $16,400 in November 2022, resulting in a decline of over 76% amid the FTX collapse, ongoing bankruptcies, and regulation concerns. With these concerns continuing, is the current rally set to continue, and if so, what are the next big altcoins?

Despite market challenges, many people remain hopeful about cryptocurrencies' future as more investors show interest. For example, a recent survey from deVere Group found that 82% of millionaires with assets between £1 million and £5 million (USD $1.23 million to USD $6.16 million) asked for advice on cryptocurrencies during the last 12 months – a telling sign of their growing adoption.

The deVere Group's study surveyed 560 individuals of high net worth across the world, including Europe, North America, Asia-Pacific, Africa and South America.

“Bitcoin is on track for its best January since 2013 based on hopes that inflation has peaked, monetary policies become more favourable, and the various crypto-sector crises, including high-profile bankruptcies, are now in the rear-view mirror,” said deVere Group CEO and founder Nigel Green. “The world’s largest cryptocurrency is up over 40% since the turn of the year, and this will not go unnoticed by HNW clients and others who want to build wealth for the future.”

Some experts believe that the current state of the market is simply a result of growing pains, and that as the market matures and regulations are put in place, it will stabilize and continue to grow.

One reason for this optimism for cryptocurrencies is the recent influx of institutional investment. Wall Street