I have a question. Elixir and PRL are the main coins on my portfolio. Both had a similar market cap and circulating supply some days ago, and both released interesting news these days. And needless to say, both are very solid projects with top dev teams. Why do you think PRL rised so fast and Elixir is kind of stuck? I won't sell my Elixirs, because I believe in the project, it's just that I want to understand this difference, which I didn't predict. Anyway, I think both are the perfect coins to hodl.
Elixr was 2500 sats when I traded for it on December 25th, it's floating around 10000 sats today. 4 x growth in 13 days is the farthest thing from stuck, if the rest of my portfolio grew this fast I'd probably quit my job....have some patience my friend.
It wasn't a complaint, it's one of the main coins on my portfolio because I've researched and believe in this project. My question was because I want to understand their behaviour (you know, because I'm learning). Both coins have performed like few, it's just that I wanted to know if there is some fundamental reason why they have behaved differently on this last couple of days, since both projects have posted interesting news recently. But I'm not selling any of them, I'm very patient (I have chinese blood on my veins
) Thanks for your reply.
You can't really compare the coins vs each other when looking for these reasons, there's 1300+ coins and some are up, some are down, unless they are trying to achieve the exact same purpose don't worry about comparing them. The truth is 98% of anyone posting in this forums has zero idea why certain coins fluctuate absent any actual posted news/updates. Just invest in good projects and enjoy the ride, if you believe in project try and add on the dips and always have an end goal/plan/target so you know when to take profit and move on.
Agreed, but I think I didn't express myself in the best way. To make it short: In my opinion, Elixir is one of the best projects right now, with best potential and still low market cap. Recently they released interesting news, and the value hasn't changed (I believe it will hit $10 soon, I'm just talking about these last days). On the other hand, PRL's last news made it sky rocket. Even knowing they are entirely different projects, what's the fundamental reason that made one sky rocket and not the other? It's not a matter of patience, I believe both will hit the moon and destroy it, it's just that I want to learn if someone knows what made the difference here. That way, by learning, I can start making better predictions on other coins
. I know this is crypto world, so predictions may be nothing, but it's interesting to think about it.
PS: I said to make it short, and I didn't make it short. Sorry