The post Key Insights from Phoenix Group appeared on BitcoinEthereumNews.com.

Phoenix Group identified some crypto assets which are still in the accumulation phase. The accumulation phase occurs after a market has reached its worst with the lowest possible price. It is a period of relative stability where more investors gain an early position by buying cryptocurrencies with the view of a future rise in price. According to the Phoenix Group report, this phase could be driven by bots or larger players preparing for a bull run. With this in mind, investors need to understand the assets that have moved to the accumulation phase to time their trading effectively. Full Report on Assets in Accumulation Phase: Phoenix Group Metaverse and Gaming Tokens: Delysium and AltLayer According to Phoenix Group, Delysium has a market capitalization of $170.16 million, the most recent entrant in the top 10 category. $AGI has been in the accumulation phase for only 1-day. This is particularly important because Delysium has found its specialization in artificial intelligence and metaverse.  AltLayer focuses on gaming and metaverse, creating layer 2 scaling solutions for dApps. It also has a relatively large market capitalization of $315.89M and a 6-day accumulation period, meaning that the market is gaining confidence leading to more efficient scalability. Leading Blockchain and DeFi Projects: Neutron, CETUS, ZetaChain Neutron is trading with a market capitalization of $129.66M and has been in the accumulation phase for the last five days. The accumulation period suggests that investors expected Neutron’s solutions to help facilitate widespread adoption because interoperability is critical for the future development of dApps and blockchain networks. Cetus Protocol is a cross-chain liquidity exchange protocol that entered the accumulation phase one day ago and currently has a market cap of $47.99 million. A comparatively lower market cap than other tokens may make CETUS attractive to investors looking for a relatively unknown…

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Filed under: News - @ October 2, 2024 12:15 am