In a crashing market!?

Is there even a correlation to be found?

Transactions do matter.

It may seem like I'm kicking in a door that is already open. Because, well, you know, blockchains are build up from transactions. Logic though, like I stated before, does not always seem to function like it should. That is why most markets do tend to be a place for speculations. That certain hunch, the gut feeling or what oal' misses Tzaikicksky predicted. And as you may, or may not, recall I used three piglets, a bucket and some truffels to do my future remote viewing for the Cryptos. Sometimes together combined with a crystal ball. But renting them pigs became far too expensive. Not to mention the price I had to pay for the truffels. All I got was bad, gloom and doom anyway in the end. Cryptos were going to crash and cleansed? Yeah right, bloody nonsense, be gone! Time for analytics, science and logic...

Turned out there actually came a purge of the Cryptos and it was even worse than any expected. Fail for logic reasoning again. And it seems to be still going on. So a while back I decided to use a different approach, no more habahadabra, but take a step back, zoom out to view it from a larger distance. Keep an eye on mining numbers for instance. And look at how transactions on any blockchain related to its Crypto market price.

Market manipulation.

This way I found out that BCH must be manipulated, in mining and market price, as it should be at least half of its current value. Or maybe it just proved to me that it was indeed a centrally controlled business project, with banks and goverments involved. And I did stay true to my gut feeling on that looting scam. Bitcoin, BTC, still was the one and only, though it would suffer from all the attacks, as were all connected Cryptos. While mainstream would still try and push their own Cripple crap. Part of the FUD {fear, uncertainty, doubt} campaign aimed at true free open sourced decentralized Cryptos.

Dogecoin {DOGE/DGE} was one of the rising stars that was actively being ridiculed. Even claiming one of its original creators had stated it was not to be taken serious. That turned out to be a twist of his words, probably on purpose, but the damage was done already. Also Crypto related media had a huge part in it, associations they have play a role in this. There is a lot of foul play going on in the Cryptos realm, where FUD screaming headlines and a swearing businessman are blindly believed, instead of checking the facts. Well, such a force being able to drive a market, should crash, so a purge can happen.

Numbers and figures.

Unfortunately for some blockchains they have entered a transaction amount per day that is below average. Meaning, on a larger scale, they lose usage, which will also reflect on the way the market price moves. In a downtrend this would result in a relative high percentage drop. Blockchains that perform better, meaning a higher than average amount of transactions in a day, will probably show a better market price. During an uptrend market movement resulting in a relative higher gain. In a drop resulting in a lower loss.

And in this whole bigger picture Dogecoin is now at 40K plus transactions per 24 hours. It moved up to spot 6, just behind Ethereum Classic. Now Steem and Bitshares still rule, but they wend below their average amount of transactions per day. Still performing excellent when compaired to others in that manor. Meaning they suffert far less from the crash after that crazy pump. And also will come out stronger after this chaotic purging period.

It aint half bad Mum.

It is amazing to see that DOGE go. In a chaotic FUDderd Crypto market where there is blood flooding through the walls of Jerricho with the ongoing cleansing, moving up is a sign of strengh. And as you may, or may not, know I have been pointing out to Dogecoin for a long time. While others ridiculed it, laughed at it and some tried to sell their Buttcrap Crash and Cripple instead, some others and me HODLed that little Dogey that could.

And to me, looking at the bigger picture of what is going on, Dogecoin will be one of those that will come out on top after the chaos of the purgening. One clear sign of that to me is the constant rise in transactions per day, despite the downtrend. That to me means DOGE will get a boost soon. But this is now the ideal moment for me to remember you of the golden rule to only invest in Cryptos what you are willing and able to lose. And please, do your own investigation. Do not just take any word of others or mine for it.

Much great day, very Crypto to you!

Sure, laugh at Dogecoin, I'll wait and then laugh.

Screenshot taken at http://blocktivity.info