But Wall Street broker Benchmark tried to calm investors in a research report published Thursday. The report stated that the recent selling wave may have been overdone and DeFi Technologies shares now present an attractive buying opportunity.

So, how did this situation develop? DeFi Technologies is a company that issues ETPs (Exchange-Traded Products), which are investment instruments designed primarily to facilitate investing in cryptocurrencies. Most of these ETPs focus on alternative coins other than Bitcoin, namely altcoins. Since the beginning of May, both the cryptocurrency market and DeFi Technologies shares have experienced a significant rise. But unfortunately this rise did not last long.

Benchmark analyst Mark Palmer wrote in his report that DeFi Technologies stock gained more than 330% since the beginning of May, but then lost almost half of its value in two days. Fortunately, the stock price managed to recoup most of the losses yesterday afternoon.

So, what was the reason for this sudden decline? According to the report, there are two main factors behind the selling wave. First, the altcoin market experienced a significant depreciation earlier this week. Since most of the ETPs offered by DeFi Technologies are focused on altcoins, this has also negatively affected the company’s stock price.

The second factor was a negative opinion piece published by CoinSnacks, a platform that reports on the cryptocurrency market. This article presented a negative view of DeFi Technologies and may have shaken investors’ confidence.

However, Benchmark analyst Mark Palmer emphasizes that despite these negative developments, investors should not despair. “Volatility in altcoin prices should come as no surprise to anyone with even a partial understanding of the dynamics of the cryptocurrency market,” Palmer says. He notes that investors can be volatile by nature and should be prepared for sudden price movements.

As a result, Benchmark analysts maintain their “buy” recommendation and $C3 price target on DeFi Technologies stock. The report states that the recent selling wave may have made the stock oversold and that the current price offers an attractive buying opportunity.

However, it is important for investors to do their own research and carefully consider the risks before entering into such investments. The cryptocurrency market is still relatively new and highly volatile. Therefore, those who want to invest should understand this market well and avoid investments that they are not comfortable with.