After The Bitcoin Crash Are NEM and ETC Good Choices?

in steemit •  7 years ago 

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The Cryptocurrency crash seems to be realigning. The crash might be coming to an end. Many traders watched as most Cryptocurrency markets fell the past two days after a unprecedented rise. Around midday the markets started to realign. A further analysis would conclude that it was normal behaviour of a market. A swift rise would be followed by a swift drop. Is it just the market or is this the behavior of the top traders and investors. A kind of major trader and investor pump and dump. They could be the ones who control the behaviour of all the rises and drops. If this is true then these people made off with a lot of money the past few days. Most cryptocurrencie's prices were dropped by half. If the realignment happened today than most people would say that the market will stabilize for the couple of days or will start to rise again. Cryptocurrency has gotten a lot attention lately and it's possible that this is just the beggining. For those stuck in the game and who didn't sell I'm going to recommend two coins that have gone up fast after the crash. These two coins are NEM coin and ETC. Late night Saturday NEM had a 24 hour gain of 22% and is close to reaching the price it did at the peak of its price on monday. NEM is a strong coin which has made it to 4th place in the top cryptocurrencies this month. ETC coin is Ethereum's dad. After Ethereum's hard fork last year Ethereum was split into ETC and ETH. ETC was the original coin and ETH is the new coin. ETC price has gone up with Ethereum but only by a little. During the peak of Ethereum price, Ethereum Classic also had a large raise in price. Late night Saturday ETC had a raise of 18%, it's also on track to reaching it's highest price on Wednesday. Could these coins be good places to recuperate any money lost or to ride out the storm until the other coins start to rise again? Like any market decision you have to understand that any of these coins could fall at any moment. Although it does seem this could be the beggining of another rise in the market. It could be a place to make money temporarily. Bitcoin and Ethereum have started to stabilize and although there not started to rise like during the week they're not in free fall like the past few days. The traders interested in these coins should buy in soon since the market does fluctuate. The way to make a profit is now, since when the other major coins start to rise these coins could start to drop. When the market was dropping at its worst the only coins making profit were coins like USDT which supposed to be on par with the US Dollar. USDT was at $1,10 Friday night. Now its back to $1.03.
Article from: https://www.americanalttimes.com/single-post/2017/05/27/After-The-Bitcoin-Crash-Are-NEM-and-ETC-Good-Choices

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Good thoughts