We are nowhere near a bull market at the moment. Yes we have seen prices rises of 10%, 20% over the last day or so - but we need to set this against the losses that have gone before.
If a coin was $100 in January but dropped to $10 over the course of the year, then a 10% rise would only take it to $11. Or to put it another way, a coin that has seen a 90% price drop would then need a 900% gain to return it to its starting position.
The price movements at the moment look big in percentage terms, but in actual numbers not so much.
Yes, the crypto market rises this days which is good chance of making profit for those that bought during this last bottom price but I can assure that we're not somehow near the bull market because this current market was to make some slightly pump in price before we reach the bottom price of this year market. If a coin was $100 in January but dropped to $10 over the course of the year, then a 10% rise would only take it to $11. Or to put it another way, a coin that has seen a 90% price drop would then need a 900% gain to return it to its starting position.
The price movements at the moment look big in percentage terms, but in actual numbers not so much.
