Had quick glance at https://coinmarketcap.com/ and looks like its not only bitcoin enjoying the gains, and i thought people said when bitcoin gains altcoins fall....guess this crypto myth is busted.
Biggest gains among the top 50 so far we have PIVX, Ethereum Classic and Litecoin hope to see BTC as a top gainer soon.
Biggest gains among the top 50 so far we have PIVX, Ethereum Classic and Litecoin hope to see BTC as a top gainer soon.
Maybe the new investors are not just getting into the bitcoin market, but they are diversifying their portfolio and pouring cash into the Altcoin market as well? ETH as well is almost $400 and might touch a new ATH if the trend continues. I really thinking that those stocks and gold guys are diversifying and getting into the crypto market now. Perhaps they really think that crypto are really a safe heaven for now and they are taking advantage of the situation for their benefits. Lets hope the trend continue, and if their is a correction, its gonna be minor and a healthy one.
The minor correction just happening now because as soon as I checked the price, it goes down to $4500+, I guess traders can't help but to profit from this massive run lately. Its down to almost 5%, let's see how deep the price can go as I'm expecting some investors would love to see the price at this stage so that they can go buy again. So we have to wait again if we are going to breach $5000, because as I understand it, it the new psychological barrier being imposed by the market. Its a strong resistance but I still positive we can break it though.
