After the Luna fiasco, is it the right to enter cryptos?

economictimes.indiatimes.com:

The total m-cap of crypto markets dropped to $1.25 trillion recently from the $3 trillion level, thanks to concerns like war crisis, interest rate, inflationary tensions and Terra's Luna fiasco. However, despite the sharp fall, the volumes of the crypto tokens have remained healthy, signalling that investors' hopes have not waned much. The new prodigy of investors is looking for opportunities to enter the market.

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Market experts said that the crypto market is comparatively nascent and volatile. But mid to long-term investment strategy can help investors avoid volatility induced risk and reap significant gains. Avinash Shekhar, CEO, ZebPay, said that investors who buy the dips make the most from the markets. «However this requires significant risk-taking abilities,» cautioned. 'Buying the dip' is an attempt to time the market and this is a risky approach to investing. On the other hand, Rupee cost averaging is more advisable as it allows investors to hedge risk by averaging out the cost of acquisition, suggests Shekhar. Tokens such as Bitcoin, Ethereum, BNB and Cardano dropped about 60-65 per cent from their peak. Other Altcoins, including Solana, XRP, Dogecoin and Avalanche, tumbled up to 80 per cent from their peaks. Market experts suggested that investors should not speculate and focus on building a long term portfolio to reap the maximum benefits. Manit Ankhad — Vice President & Head of Crypto Research at 1 Finance, said that there are two main reasons for the decline in crypto —