The End of the Sideways Slide? Or Not? Crypto Currency Set to Explode...
The Sideways Sliding / Bear Market of 2021 Is Almost Over? BitCoin Charts...
Disclaimer: None of this is financial advice, I am not a finance advisor.
Charts from Coinbase...
As you can see from the last month BTC has been sliding sideways, but all the on chart metrics, moving mining away from China, institutional investors getting in, long term HODL whales increasing their holdings, everything but the media FUD are all indicators that we are on the verge of a massive new bull run.
The last year has been solid for BTC, and if we review all the previous dips in the market this is the most prolonged one in a few years, however every time the BTC price slides sideways for a while after a crash, the next bull run is HUGE.
As you can see, there have been a few prolonged sideway / bear runs but they are always followed by a massive bull run and huge new all time highs. I expect that either in the next few weeks, or by this fall this current slide will be over and the next bull run will begin. This is the time to accumulate as many coins as possible before the next run.
Ethereum is going to explode
With everything going on with Ethereum, the blockchain is going to become deflationary once the August 5 changes go into place. This long time slide with ETH that makes no sense with all the big things coming for that chain will soon come to an end and I think you will see somewhere around 20K ETH by the end of the year.
You can see the past year, and there is an obvious upward trend that is nowhere near it's full potential. As gaming industry joins the ETH blockchain that will bring in 80 Billion dollars in market cap just for video game NFTS alone.
These Charts come from Cointelgraph...
HIVE WAY UNDERVALUED STILL
There was time the STEEM coin was worth way more than $1 USD, and that time will come again for the HIVE coin. With the inflation of the USD it would almost impossible for HIVE coin to not reach 1 USD in value by the end of the year or more. I do not understand why more people are not joining and promoting this platform. HIVE at $0.30 per coin is an absolute steal IMO, I have been powering up and never powering down, just passed 16.5K coins.
HBD getting very stable as a Stable coin
HBD is a pretty stable coin for the USD now, the past month you can see the chart flatten out at about 1 USD per coin. With the new option to earn 10% APY on HBD held in savings that as is enough incentive for people like me to start keeping our HBD in our savings accounts instead of moving it to coinbase or some other wallet to earn staking rewards on other coins. 10% is a solid value especially during bear market runs.
Pirate Chain on Discount
The ability to buy the most private coin in the crypto currency market place for under $3 dollars a coin when the coin has seen over $12 highs in the recent past is another steal. When people in about a year or two can buy $ARRR as they can Monero $XMR Pirate Chain will go from a few dollars a coin to a few hundred a coin easily. When CBDC's, government regulation and the IRS come for all that sweet crypto you will realize how important privacy coins are. The WEF has stated you will "own nothing and be happy", they mean it, so hide your wealth via pirate chain.
Algorand Holding it's own.
Algo has taken a hit like all the other currencies during this bear market. Other than the one day dip to below $.70 Algo has actually seen less of a decrease than most the other Alt Coins. This is likely because it is the bankster coin, and with XLM and XRP will be used to create CBDC's for the World Banksters. USDC is already tied to Fed Reserve notes and is being created on Algorand and other blockchains, as more and more USDC (Digital Dollars) are created the more these bankster coins will explode in price. I honestly think ALGO once the Fed truly announces a CBDC coin is USDC, ALGO will be over $1,000 a coin easy. The US has 34 Trillion flowing through the Fed every year in used USD, so if you divide that by six and spread that market cap to the 6 coins identified by the WEF such as Algo, XLM, XRP and a few others, their market caps will be trillions of dollars each. If that happens Algorand will easily be worth over $1,000 a coin. The GREAT RESET if you will.
As you can see from the Chart ALGO did dip a bit over the past month but not as much as some of the other coins above, and I think ALGO will be the Devil's coin, you can make a ton of money from it in a long term investment (not financial advice), but you are funding the enemy creating CBDC's.
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BAT: 0x3B317853A49658C87E1D9a91B4B3A898C795D889
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Today sure does look strong.
Excellent post I like hearing your takes on crypto.
Gosh that's good news on a sunday, to the MOON and beyond...
Here have a slice of !PIZZA
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Boom !
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Been having much fun during bear market staking in the OURGLASS project. Great community, rug-proof & crash-proof platform.
Agree it’s nice to end the sideways slide as you put it.
Tagging @shortsegments to read this post. #shortsegments #taskmaster4450
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