Here are 2 altcoins to watch out for amid a market downturn, according to Alex Kruger

Economist and trader Alex Kruger urges investors to focus on certain cryptocurrencies like Ethereum’s competitors when the market is declining.

Kruger to speak that Ethereum alternatives like Cosmos (ATOM) and Fantom (FTM) are among the notable names.

ATOM / USDT. Source: Tradingview

Fantom is a scalable blockchain powered by smart contracts whose native token FTM has increased by more than 11,200% in the past 365 days. Cosmos is an ecosystem of parallel blockchains that can communicate decentrally.

FTM / USDT. Source: Tradingview

Trader also said his sentiment in January will depend on upcoming inflation and employment statistics.

“Focus on a few names like ATOM and FTM. Whether or not I will raise prices for January depends on the dates. If payrolls go up on Friday and inflation is higher than expected on Wednesday, the market will panic. “

Kruger said that while he was not “optimistic about January”, he would “reconsider” if borrowing rates “go negative”.

The financing rate is a regular payment that traders make to each other to ensure that the spot price is as close as possible to the price of the perpetual futures contract. Financing rates above zero indicate bullish sentiment, while financing rates below zero indicate bearish sentiment.

Economists too comment A complete split in the crypto market is unlikely. A breakdown occurs when the returns on Bitcoin and other related cryptocurrencies no longer move as predicted.

“Only see a temporary split when BTC is moving sideways or the asset is sometimes buying strong when the price is falling. The internal correlation of the cryptocurrency is very high and will remain so for a long time. The idea of ​​separation is like the illusion that rich people enjoy free time in their free time. “

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