Crypto Market #2 | The Dip is Over??
We must know that cryptocurrencies are volatile which means the price can rise and fall sharply. The cryptos can be left with less money than you put in and remember always, you should never invest money that you can't afford to lose. The crypto space is open 24/7, 365 days per year it does not close or anything like banks do or the stock market does.
Crypto Market Starting to Raise on Different Coins
Some cryptocurrencies weren't as affected as other like Dogecoin correcting the 500% pump, but now its actually recovering around 30% again, other cryptocurrencies as well VeChain(VET) was down a lot the other days.
The Crypto Space is extremely volatile right now, we can see is like a roller coaster were up 30% one day other day down 40% and vice versa, I do think the volatility will continue, the whales(big crypto holders) use the information to manipulate the market selling for push the prices down so they can get lower entry point.
We have to keep in mind a lot of bigwigs are going to get into crypto space with everything to come later on 2021 and they are definitely looking for this lower entry points to buy.
Now that we have this lower entry points is definitely goin to be a lot of buying pressure on the dips, when we do have them as now.
Bitcoin getting Stable
We have 2 situations with Bitcoin who is on 49,000 and is moving to 50,000 and goin back I think is going to stay for a couple days on this number preparing for the new jump or is going to fall to 45,000 to 48,000.
I have seem some expert claim bitcoin is like to drop to 43,000 is really going to depend in the markets if people continue panic dumping to the lower prices, is going to take some more bad news thought to really push it down in to the lows 40s, of course that would be a disaster for the entire crypto space, we must know most of the cryptos move around bitcoin price, if Bitcoin dump, most of the cryptos will dump, if Bitcoin go up, same with the other but not big amounts like Bitcoin rising thousands.
Ethereum will Rise?
After Ethereum brake his record all-time highs just for a couple minutes, he start like the all the market to go down goin from 2,600, right now is on 2,200 trying to recover and get closer to the all-time highs, 12 hours later from the mass panic in the crypto space and a huge crypto dump.
Ethereum seems like is going to be very bullish since it did break all-time highs, it is holding pretty strong as well around 2,300, a lot of expert have claim Ethereum will likely hit 5,000 by the end of may, definitely a long shot since its over double current price, it is very possible in the crypto space anything can happened.
Cardano ADA
"Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies."
With a leading team of engineers.
Cardano exists to redistribute power from unaccountable structures to the margins – to individuals – and be an enabling force for positive change and progress. Link to the main page
If the Market keeps going down with the bitcoin drag, anything around 1$ or less I think is a steal, they do have a major test net coming up leading into the smart contracts main net which is really where this project blasts off where other projects will being using the Cardano blockchain, will probably get a Cardano swap where there will be a supply shock for the coin because it will require ADA(Cardano) liquidity on any of the projects that are on the Cardano Blockchain similar to what we saw with Binance BNB and ethereum with their swap sites.
Disclaimer:
I'm not a financial advisor. You should always do your own research and make your own financial decisions. This Post is for entertainment purpose onlyIf you want to go into crypto here is some crypto wallets for trading:
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Saying dip sounds so negative. Accumulation period is our preference. To learn more about crypto calculator, you may check this tool https://tools.dexfolio.org/crypto-calculator/