Best deals during the crypto crash...
In my previous posts, I was outlining how the behavior of the market is very similar to previous crypto crashes. I was hoping for a quicker recovery comparing the current market movement to the one last year, but it seems that we have entered a longer bear trend this year. Nevertheless, I remain optimistic and think that we will see a major wave up quite soon, possibly as we get closer to the summer.
For now, I compiled a list of coins which shows some of the potential "bargains" at the current market prices. Some of these are well known coins positioned at the very top, other coins are smaller with some good potential and some of these coins have a "questionable" potential, but I thought it is still worth mentioning them.
The chart shows the prices now VS the all time highs in the first week of January. Some of these coins reached their all time high before that, but the majority followed the general market trend.
Things to keep in mind: Bigger coins may have smaller gain/profit multipliers but they are also a "safer" bet in terms of their recovery. Another thing to consider is the time some of the coins appeared and their future potential. Some coins on this list had a relatively small market cap even at their ATH. Mostly because many of them didn't have the chance to build a momentum before the market "crashed" and/or entered the current bear trend. Is there a guarantee that all of these coins will return to the same ATH as it was when the market was at its highest point? There isn't. Some are more likely to recover than others and some have the potential to go way beyond! You will have to make your own conclusions...My goal is to present you with (hopefully) useful info and (in some cases) share a few personal thoughts on the matter. This is NOT a financial advise and purely my opinions. Final disclaimer, considering how fast things move in the crypto world and since I did this research a few hours ago, the numbers may have changed slightly. Finally, for those who don't know: ATH = all time high; DYOR = do your own research :)
So...without a further a ado, Here is the list:
If you think I forgot some coins worth mentioning, please let me know in the comments below. Have a great weekend!
For future viewers: price of bitcoin at the moment of posting is 8496.00USD
Hi, great post, have followed you. What do you think of the current state of the Bitcoin market?
Hi. Thanks for your comment and the follow. Bitcoin market or crypto market in general?
Bitcoin still continues to be a "store of value" even though its tech is obsolete...in terms of price, I think we will retest the previous high of 20K and probably go beyond it. How much? Not sure...maybe 25K, maybe 30K...after that there will probably be another major correction. When will this happen....well, my optimistic self thinks that we will start to see the bull trend return as we get closer to the summer. Somewhere between the end of April until June...this is also when things "wake up" in general. A lot of coins have releases on their road maps...more investors start to get interested in the space...so personally, I think we are to expect another bull run in a matter of a few months, which will be followed by another "crash" and then possibly another bull run at the end of this year. All in all, I am fairly confident we will pass the 1 Trillion total market cap sometime this year. There is of course a chance that we will enter a prolonged bear period...but with the amount of attention crypto gets this year, it is very hard to believe there won't be a LOT of new money pouring into the market. So these are my 2 cents on the subject...but I am not a financial advisor. Just an investor, like you.
Congratulations @skibarius! You received a personal award!
Click here to view your Board
Do not miss the last post from @steemitboard:
Congratulations @skibarius! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!