Cardano Crushes It, Ripple Stays Steady at #2 and Bitcoin's Dominance Slips
Cardano (ADA) kept my portfolio above water today with a strong 24 hour gain, while Ripple held steady above Ethereum in the #2 spot. Bitcoin on the other hand is facing it's worst "Dominance Ratio" since the Ethereum flippening days of June 2017. Let's talk about the daily market movements and what it might mean for the future.
Buy Bitcoin, Ethereum and Litecoin on CoinBase and get $10 worth free:
https://cryptobobby.com/coinbase
Buy and Trade altcoins on Binance - https://cryptobobby.com/binance
Secure your Crypto with a Ledger Nano S:
Amazon (faster shipping):
https://cryptobobby.com/ledger-amazon
Ledger (slower shipping, but cheaper): https://cryptobobby.com/ledger
Get a Free Trial of Coinigy (the trading/charting software I use):
https://cryptobobby.com/coinigy
Follow me on Steemit:
https://steemit.com/@cryptobobby
Follow me on Twitter:
https://twitter.com/crypto_bobby
Join the Facebook Group:
https://www.facebook.com/groups/140921189836895/
Portfolio Tracking:
Blockfolio - https://www.blockfolio.com/
CoinTracking.info - https://cryptobobby.com/cointracking
Bitcoin.tax - https://cryptobobby.com/bitcointax
*Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend companies and products I personally use, and any commissions help to pay for content creation. Thanks! *
** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
should we invest in ripple,or is these a pump and dump thing?
In my opinion Ripple is overvalued right now so I would tread lightly on that one. On the other side of the coin Stellar Lumens (XLM) still has a lot or room to move and may very well have some decent moves in the coming weeks, but its hard to say as right now BTC is in a bit of a bearish trend (and may continue to go down to the 8-10k levels before going back into an upswing) so fiat at the current time is likely the safest play.
Personally I think it's overvalued at the moment and I don't have any interest in buying XRP, but I've been wrong before (and could certainly be wrong again)
Ripple is gonna smack to $4 then crash for a while
Move over Ripple (XRP), make way for BobbyConnect (BBC)!
Disclaimer: But seriously, don't invest in any coins/platforms with the word "connect" in it...
Just add Cardano as yet another new currency I looked into and never made the jump to buy any, these are really starting to pile up this year.
I sold 10,000 XRP at 20 cents. lol
Sounds like my trailing stop loss that got triggered for BTC in September that I never bought back in. Cash sitting on the sidelines watching BTC rocket, oh well.
From a technical perspective, I honestly don't think it's possible for bitcoin to go below 10k. I think the $12,000 support line being hit was a trend reversal. I speculate we are likely to see a new ATH within the end of next week, though I could be wrong.
Always great listening to you bobby!
what do you think about poe ?