Rising Bitcoin Prices Fuel The Rise Of Other Crypto Assets. Investors Are Asked Not To Behave As FOMO

Avatar of Rediksia
rising bitcoin prices fuel the rise of other crypto assets investors are asked not to behave as fomo 935ef19

DIKSIA.COM - JAKARTA,  (BTC) price surge saw positive report of up to 80 percent in the first half of 2023.

This has implications for the movement of alternative crypto coins (altcoins), which has also increased over the past few weeks.

Based on information from Coinmarketcap as of Tuesday, July 18 at 07:00 WIB, the price is currently at the level of USD 30,100 per coin or the equivalent of IDR 451,500,000 (assuming an exchange rate of IDR 15,000 per USD).

While Ethereum (ETH) moves sideways in a week. ETH is currently at the level of USD 1,910 per coin or the equivalent of 28,650,000 IDR per coin.

Additionally, Solana (SOL) is up 2.3% over the past 24 hours while the weekly count is up 28.6%, with SOL currently priced at $26.7 per coin (circa IDR 400,500). .

Finally, Cardano (ADA) is still in the green. ADA gained 10.6% on the week. In this way, ADA is at the $0.31 (approx. Rp. 4,650) level per coin.

Indodax CEO Oscar Darmawan said this surge could be the right opportunity for new investors to learn more and try to buy as a reference for investing.

“This surge in is often fueled by fundamental news such as investors' enthusiasm to welcome the Fed's monetary policy rules this year.” “Investors must continue to do DYOR research when investing in crypto assets accordingly want to buy according to their needs,” Oscar explained in his statement on Wednesday (07/19/2023).

As an industry player, Oscar Darmawan continues to remind that crypto investors need to be cautious and continue to conduct proper technical analysis.

“Don't let investors fall into the fear of missing out (). Investors can also keep a close eye on communities, social media and news, and access CoinMarketCap or CoinGecko for updates on crypto asset price movements, including altcoin issuance,” he said.

Oscar went on to say that investors should understand fundamental and technical analysis in order to buy crypto assets, and that investors also need to have sufficient knowledge about effective financial management.

Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Diksia.com is not responsible for profits and losses arising from investment decisions.
The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Cryptocurrency investments are subject to market risks, and readers should exercise caution and do their due diligence.