A great crypto day!

in cryptocurrency •  8 years ago  (edited)

Is this the beginning of the end of the crash?

Today we saw the majority of cryptocurrencies go up in value. I am sure a lot of you are very relieved. Let's look at some of the biggest growers of the day.

Burst
I have been mining Burst for a while now, so I am very happy to see Burst get a nice big boost of 45.84% today. The current price is $0.010415. This is great news for us miners and inevitably will mean that Burst assets are likely to go up in value, might be worth buying some burst assets before this happens.

NXT
I haven't really dabbled too heavily with NXT, but I have a little bit of it. It has gone up by 40.01% to $0.102350, so I am sure that those of you who have invested heavily in NXT are starting to relax a bit. I am not too sure how NXT assets have been effected by the crash, but I recommend researching current prices to see if it is worth doing.

Antshares
Antshares is one of those coins that seems to have a lot of advocates and haters. I am not really convinced that it will overtake Ethereum like some people are suggesting, but I do think it will go up in price nicely. Today antshares has gone up by 32.19% to the price of $6.80. I have invested very lightly into antshares but I am considering adding more to my portfolio.

Reddcoin
Reddcoin is a coin that I have changed my mind about recently, and while I still remain unconvinced by it's long term success, I do strongly believe it is worth holding until RedID is released as it almost certainly will raise in value as the hype grows. Today's Reddcoin growth of 26.09% has increased the price to 0.001338.

EOS
Another coin I'm not too convinced by, however if you were lucky enough to buy at the lowest point in the dip you have made a nice bit of profit. Today alone it went up by 25.3% to $1.98. I only have one EOS so I'm very much not heavily invested but I'm happy for those of you who have made profit.

Steem
YAY! Is this potentially the end of the brutal crash? Are we to see gains in Steem price from now on? Only time will tell but we can hope! I still recommend buying steem at the current price, I agree with @jerrybanfield when he says he thinks it will hit $10 one day. Today we saw an increase of 22.20% to the price of $1.34.

I am very glad to report that almost no coins went down in any significant way today. Exciting times!

Happy Trading

Viking

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time for buy!

a lot of people made a lot of good trades today(including me lol). That crash was the greatest time to buy in for a long term investment. It was black friday basically.

I wouldn't buy. See my prediction on Bitcoin...the mac daddy driver of all crypto:
https://steemit.com/bitcoin/@southerncrusher/been-very-busy-sorry-for-not-posting-until-now

I doubt it. Still room to fall. Buy most are seeing it as a buying opportunity. Just waiting for the bottom.

Follow me on twitter for more crypto news, comments, memes, questions, and shittalking... https://twitter.com/bitchimlying

The day to day swings have nothing to do with the fundamentals (or lack thereof) of some of these technologies or platforms.

I think its mostly just noise as a very immature market continues to develop, and garner attention from new audiences.

I hope for better days than this. Still, I am quite happy with the current evolution of the market.

  ·  8 years ago (edited)

It seems like crypto price deflation is connected to uncertainty in the Bitcoin network and that issue is far from resolved. So I would give the benefit of the doubt to this growth, the market moves in a wave like motions ( see Elliott wave theory for better understanding) so this movement could be just part of the bigger wave. I look at Ethereum (and BTC of course) when I want to asses the condition of crypto market. ETH is the second in command, so we will see major recovery of its price as soon as the sellout is over. Presently it has a hard time keeping over 0.09 BTC so no, I don't think its over. I'm saving my money for some sweet, sweet profit.

Omg, those currencies...
m1r0, we need more people like you on this channel.
Btw. you can find out about yourself at this terminal, I found you based on what the machine thinks I like about you, haha.

Hey @cryptoviking, may I ask you what you think about MIOTA e BAT?