Recovery of altcoins?!

in cryptocurrency •  7 years ago  (edited)

It seems like the red January is slowly but surely coming to its end.

In the charts we can see that multiple altcoins have started to work their way back to the price level they were at before BTC 's harsh correction.

But one thing that concerns me is the lack of volume pretty much everywhere. Market caps lost big amounts of money and I can't see new one coming in soon, too.

I guess we have to wait a little more to see some major movements in terms of desired prices.

I would suggest keeping an eye on following coins:

GBYTE - Even though volume has dropped, the price is still close to 14 EMA and hasn't dropped past it. Hoping to reach 0.078 for bullish trend confirmation

UBIQ - constant price movements, holding up pretty well

ARK - if you had the chance to buy some, then you're money is safe. Slowly working its way up.

What are your thoughts on this month?

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I guess the beginning of February will be much better for the crypto market in general especially considering what happened in Korea in the past days.

Yeah, sure that, january has always been a decline for stock and crypto markets, as i joined the trafing world on october, i didnt know about this january thing etc.. I heared from a friend who has been in cryptos for a year and he has experienced this kind of decrease in august- september too, so be aware xd

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