CRYPTOS "CATCHING A BID?" SUNDAY, 5/20/2018
Since May 5th, overall Market Cap has been in a decline. Starting at about $465 Billion, there has been a steady, 2-week decline of $100 Billion leaving the market. Things were looking bearish until sometime near the beginning of the weekend. Over this weekend, market cap has improved from $365 Billion and is back up, close to $391 Billion.
After a dismal couple of weeks, it looks like some money is starting to flow back into the overall Coin Market Cap. This might be a good time to increase your monitoring of your favorite cryptos for buying, trading, and/or rebalancing your portfolio. If you've been bummed-out by recent moves down in the market, hopefully this will be the start of a good bull run. We will have to wait and see.
Check out this tool created by one of our own Steemians:
@penguinpablo - CoinMarketsToday
DISCLAIMER: I am not a financial advisor. Anything in the above content is meant for educational/entertainment purposes only. Do not make trades based on this article. I am not responsible for any financial gains or losses you make in regards to this information.
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It is a pity that @penguinpablo's tool doesn't show steem...
It does. You have to click the link in the upper right corner of the graphic that expands the view from the top 30 to the top 50.
Thank you. I will keep that tool at hand.
Thank you for your continued support of SteemSilverGold
It's pretty odd to see really any given crypto in the green on a Sunday...historically (from my own memory) Sundays are usually red days for the crypto markets. It is nice to see this small rebound and hopefully it has legs and can continue.
I've been particularly pleased with the movement in ZEC recently...That and the fact that Steem has once again regained the $3 mark (barely). I'd like to see Steem back at about #25-27 on coinmarketcap...it's dropped into the low 30's (I think it was #31 last I checked).
Zcash has been doing well on news of the Vinkelvoss twins including it in their group assets they'll be offering in their exchange. However, the "privacy" aspect of Zcash makes me weary, a little bit, that it is going to run into some serious resistance if it becomes wildly successful. If it hit the news that it was being de-listed, at some point in the future, that would be a hard hit. I'm holding some of it, for now. However, I think I might switch it over into something more "mainstream," and less likely to become controversial.
Resteemed by @resteembot! Good Luck!
Check @resteembot's introduction post or the other great posts I already resteemed.