Let’s start this new week checking our last trades and analyzing new altcoins and new opportunities on the market.
Dash. It’s been a hard week for almost all the cryptocurrencies and Dash is not an exception. From $722 to $620. I still consider Dash one of the best cryptocurrencies to buy in this period, so I’m holding this altcoin.
Diamond. I expected Diamond to reach a new monthly high over $17, but the altcoin is still around $13-$14. Not what I expected but, considering that it’s been a bad week for cryptocurrencies, Diamond proved to be an interesting choice.
Dynamic. I suggested to try to take the altcoin below $2.70, right now the price is $2.40. Not a good investment so far, but the altcoin is currently in a short term uptrend and may reach $2.70 again very soon.
NewEconomyMovement. The range $0.60-$0.50 has been broken and the altcoin is currently at $0.41.
Cardano. This is probably one of the few altcoin not to have lost value during last week. Great choice for last week, but I will not propose it again for this week.
Let’s have a look at the new opportunities now:
1. Bitcoin Cash (BCH)Not a good week for Bitcoin Cash too. This gives us the chance to take this coin at a good price ($1,272). Today’s performance is +7.33%, not a bad start of the week for one of the most popular cryptocurrencies on the market.
2. Dash (DASH)I started to suggest Dash two weeks ago, when the price was $608. After a deep analysis of the market, I don’t change my opinion, I still think that this altcoin represents a great opportunity.
3. Decred (DCR)Top 50 by market capitalization, Decred is seen as a valid option by many investors. 14 months ago, the price was $0.47, this is enough to show the potential that this altcoin has. $77 is the current price and today’s trend seems to be positive.
4. Diamond (DMD)Diamond once again. The demand is increasing and we have now a better price. Let’s see what happens this week.
5. Nexus (NXS)The price is low, the potential is high. The total volume of buy offers around the current price is impressive!
After 10 winning trades in a row, last week gave us a hard time. You can’t always win. This is valid for any financial market, especially cryptocurrency market.
As usual, remember that I’m only sharing my opinions and this is not a solicitation to buy/sell cryptocurrencies. Cryptocurrency trading has large potential rewards but also large potential risks, so use your head and do not invest money that you can’t afford to lose.
Good luck!
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