ARE WE ENTERING A CRYPTO BULL RUN?!(Don't sleep on the poll, your opinions matter!)
For the first time in the last few months, people seem to be acting positively about the cryptocurrency market. This is because, in the last couple of days, the market has risen at a surprising rate. On August 27 the global market cap was $215 Billion, on August 29 it is worth $232 Billion. That is nearly an 8% rise. It has lead people to question whether we are experiencing a bull run and
how investors should prepare for it. The Financial Times defines a bull run as simply a time when
prices rise on a financial market, so by those terms, this could be considered one — however, the question now is about whether traders should be treating it as such. It is one thing to say that we are in a bull run, but it is another to change your trading habits to accommodate for one.
BTCitcoin during the bull run
Bitcoin experienced two impressive jumps in price. One at the start of August 28 which brought it from $6,700 to $6,900, and another later in the day taking it from $6,900 to $7,000. This is in stark contrast to how Bitcoin was performing just one week ago.
The nature of Bitcoin’s rise has also brought other coins up. Ethereum, XRP, Litecoin, and most other cryptocurrencies are seeing the same bullish behavior. The fact that this rise in value is being experienced throughout most coins and tokens is certainly indicative of a bull run.
Not every cryptocurrency is so lucky
Out of the top 100 cryptocurrencies by market cap, there are only a handful of coins and tokens which are performing poorly, most of which are relatively unknown. Of the coins that are well-known, Nano is currently struggling to hold onto its gains from the previous days. WAVES is also stagnating in price (although at noon August 29 it has had a spike) and PIVX is moving negatively. On the note of
PIVX, fans of the coin engaged in a debate with fans of its rival: Monero. You can find this debate on the
cryptocurrency subreddit. While these coins are not doing their best right now, none of them are declining harshly.
Originally published on
https://cryptodisrupt.com for 2018 it seems to have experienced the most different year from the previous year, this bull run may no longer be as it used to be and also with a smaller percentage increase. or worse, there will be no more bull run until the end of the year, because within a few months, crypto is faced with a variety of problems that are quite dominant
