The cryptocurrency market is pretty scrambled these days and I want to talk to you a little bit about what's going on, how could it all end? And what should we do? to take advantage of this big drop we are currently having looking at some of the altcoins that are literally on offer when compared to their previous prices.
I personally don't think this bull market is over, I just don't see it ending in the middle of the year, this crash we had was pure FUD and manipulation, several negative news about bitcoin came out in a very short period of time, from Elon Musk's tweets, to China banning bitcoin for the tenth time in a row, I've seen huge sales since we started falling , followed by millions of small sales that followed whale sales and ended up even selling in loss, but then when those same whales bought back down not many of the small investors they sold before re-bought, but were left off the market, out and in losses, which is the worst move we can make on this market.
I honestly believe that all this crash was a manipulation to throw away the price and buy lower for what's left of the bull market, I think the big players are seeing something coming that we don't see, maybe I'm wrong and the bull market if it ends up in the coming weeks but I really don't think so, even bitcoin may keep going down to $30,000 or more , you don't know, anything is possible, but the truth I see already very oversold and I don't think it will be long before the climb starts again, the climb is not going to be as fast as the descent, it never is, so you will have to be patient. But if, as I said before you are holders and do not need right now the money you have invested do not worry, be patient and in the long run you will be grateful to have done it, no one is going to get rich without risking, that is impossible, the one who wins is the one who takes risks, if we hold back, we endure all the ups and downs, and we help to grow this market more and more every day, in the future we will be rewarded very well for that.
Bitcoin and cryptocurrencies are still a new asset class, for several centuries there has been gold and the exchange, for example. But cryptocurrencies are just over a decade old, it's not a mature asset, obviously it's going to go through a lot of volatility before you get to become one of the strongest assets as we expect, there's going to be turbulence in between and whoever can take everything will take the best rewards, look at the ones that bought bitcoin in 2017 , 2018 or 2019 for example, it was very few years ago and they came to buy BTC for 3mil to 5 thousand dollars, today they are in big profits even with this fall, so if you just like I believe the future is crypto, be patient and then when you look back in a couple of years you will be happy to have been strong when everyone else was afraid and sold , and the latter will want to buy again when the price is high right in the middle of another bull run.
Terra is a blockchain protocol that uses stable currencies linked to different fiat currencies to form a global payment system in stablecoins. According to his white paper, Terra combines price stability and global adoption of fiat money with Bitcoin's resistance to censorship to deliver fast, economic and private payments without any third-party limits or interference.
Terra-Luna allows its users to make payments, hold their stablecoins and receive benefits on them with the help of anchor protocol and collaborate with other protocols to bring real-world assets to the blockchain. In addition, Terra aimed to make its stablecoins adopted by the whole world, working to make them available on almost any other blockchain, being now available in both Ethereum and Solana, but with many others to come.
The Luna cryptocurrency has a current price of 7 dollars with 30 cents at the time of writing this post, a market capitalization of almost 3 trillion dollars and 383 million tokens in circulation. Being able to reach its previous price of between 16 to 22 dollars per token if the price recovers, this is a strong mid-cap that is within the top 40 of the cryptocurrencies and that is why I name it, since it has enough space to recover offering good profits without being a high risk asset as would be a crypto that is below the top 100.
Imagen Source
PancakeSwap is an AMM, a decentralized finance application that allows its users to exchange tokens, make staking of various currencies, provide liquidity by farming and earn many rewards in return thanks to the distribution of fees that are given within the platform. It runs over the binance smart chain and contains several pools where users deposit their money to provide liquidity through farms or farms and receive tokens with high annual percentages as a reward. Tokens that can then sell or deposit in the syrup pools where we will deposit cake and we will earn over time either cake or other cryptocurrencies in the form of passive income.
Cake has a current price of $16 at the time of writing, a market capitalization of $2.5 billion and 165 million tokens in circulation, tokens that burn constantly as trades are made within the platform, causing the price of this coin to go up more and more. I think this can recover its previous price range of between $30 and $40 at any time as soon as all this happens, let's hope this is true as it is an excellent way to generate passive revenue within the binance network, which has very low commissions.
ThorChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrencies across multiple networks without the need to lose custody of their assets in the process. With Thorchain users simply exchange one asset for another without any limit and without the need to rely on the order books of the main liquidity source, since the market price is maintained through the asset ratio in a pool. So this project has a very useful use case within the blockchain and can easily recover its price as the market recovers.
The Rune token has a current price of nearly $10 at the time of writing, a market capitalization of 2 and a half dollars and 240 million tokens in circulation. This could easily make an x2 to recover its previous price, will the market accompany it? We'll see.
I might say you should buy FEG coin, it has a promising future. But do your own research before buying any coin. Nice article @josegma96
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hello friend, thanks for the comment and the recommendation. I know the currency but personally I don't invest in shxtcoin / memecoins. They are usually very high risk projects although they leave a lot of profit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If I had spare cash now, I will go all in $FTM and $TCAKE, leave for two years and become a multi-millionaire. Because I strongly think, this might be lowest they will ever be.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit