Another case of markets coming back to where they came from as previous resistance as well as previous large sell-off hit earlier or re-test of previous and the market is rallying from here.
MarketCap Support Found
7 years ago by derekcrypto (39)
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At such an early stage of Crypto world development, an overview of a Crypto Market Cap can be very beneficial in understanding the general trends. I believe that in the future, we will see a certain degree of separation between several cryptocurrencies similar to DOW, Nasdaq and S&P.
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It's actually quite interesting to start looking at the entire space as a whole instead of individual currencies. This macro perspective will likely help us considerably down the road as it continues building.
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For me, seeing the mkt cap hit $88b, I knew it would come back up to test resistances. You could have literally bought almost any coin on the exchanges and turn a VERY fast profit. Market cap went from $88b to $100b so fast.
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