Cryptocurrency “When Will The Drop Stop”?steemCreated with Sketch.

in #crypto7 years ago (edited)

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Is today the day the bleeding stops? The last couple of days have been very tough on the crypto universe. A lot of panic selling and hopefully a lot of “buying the dip”. We seen Bitcoin drop as far as around the $8000 mark and as usual the alt coins followed!
I went back through my Twitter feed and looked at the coins that were mentioned the most and made a top 5. The majority of the top 5 were pretty much the usual except for one.
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Yep you guessed it Bitcoin was first on the list with a 146.22 B market cap and a price of $8682.00. That is the lowest we’ve seen Bitcoin in some time! You would have to go back to November 11, 2017 to see this price. The question still remains “is it time to buy”?
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Coming in 2nd was Ethereum sitting at a 87.125 B market cap a price of $895.00. Just think ETH was around the $1100 mark about 24 hours ago. I would think this should be a good time to get back in.
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3rd was Ripple coming in at a 33.90 B market cap and a price of $0.85. At 9900 satoshi this the lowest we’ve seen XRP since December 29, 2017. It had been as high as 22000 satoshi on January 4 of this year.
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4th was ZEC coming in with a 1.179 B market cap and a price of $370.00. ZEC has stayed pretty solid through this latest dip and had a big green candle yesterday on the one day chart only to fall a little today.
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5th seems to be a little popular today as it was listed on KuCoin today. Hawala.Today or HAT has a market cap of only 629,541!! With a very low total supply of 7,000,000 and a price of $8.46. Could be a good entry point on this coin!
Well there you have it, a rundown of the top 5 coins on my Twitter feed for February 2, 2018. Thanks for reading!!

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It's a coin sale for sure. Just make sure everyone knows that when BTC and ETH start to recover, it is expected that the alt coins will take a hit against BTC and ETH while they go up but they will also go back up with them so don't freak when it turns around for us.

Some of the Alts can’t take much more of hit! Lol Hit but you are right, usually how it works.

Great article. It adds a lot of new information to me about crypto.

Thanks, glad it can help!

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin8814.240$-2.01%-20.5%
ETHEthereum914.102$-9.01%-12.99%
XRPRipple0.877$-4.92%-27.4%
ZECZcash381.851$-1.56%-15.75%